GROWTH THAT TELLS A STORY.

GREENWICH, CT – Southfield Capital, a premier lower middle market private equity firm, announced today that it has completed the sale of Spectrum Automotive Holdings Corp. (“Spectrum Automotive” or the “Company”) to Cornell Capital LLC. Spectrum Automotive is an agent, marketer and administrator of finance and insurance products and services for the automobile market. Spectrum Automotive’s clients include over 1,400 automobile dealerships, OEMs and administrators across the US. Terms of the private transaction were not disclosed. Southfield Capital acquired Spectrum Automotive in 2015 in partnership with the Company’s management team. Spectrum Automotive realized significant growth over the 4-year investment period, more than quadrupling the earnings of the business through expanding the sales platform, executing five strategic acquisitions and broadening the product offerings to include an extensive suite of solutions for its clients. The sale represents a highly successful exit for Southfield’s investors. The management team is continuing as significant shareholders in partnership with Cornell Capital. “Southfield was an outstanding partner,” said Jim Polley, Spectrum Automotive CEO. “Everything they said they would do they did and then some. They provided great support as well as great mentorship. They are gentlemen to work with regardless of the situation. They are very open minded, fair and always looking for ways to grow. I would not hesitate to be partners with them again, and I have a great deal of gratitude for all the wonderful things that came of our time and relationship together.” Andy Cook, a Partner with Southfield Capital, stated, “Working with Spectrum Automotive’s senior leadership over the last few years to strengthen the value proposition and expand the service offering to our clients was a great experience. We are thrilled with the growth achieved in a short period of time and the team’s ability to create a truly unique asset in the F&I industry. We wish everyone the best of luck in the next chapter.” Sandler O’Neill & Partners, L.P. served as financial advisor, PwC provided transaction advisory services and Finn Dixon & Herling acted as legal advisor to Southfield in this transaction. About Spectrum Automotive Holdings Corp. Founded in 1999, Spectrum Automotive is an agent, marketer and administrator of vehicle service contracts for automobile dealers, OEMs and administrators across the US. It is one of the largest independent F&I agencies in the US and assists dealers with improving profitability, enhancing brand awareness and increasing customer retention. About Southfield Capital Southfield Capital is a private equity firm that invests in exceptional, growing companies in the lower middle market. The firm makes control investments in North American companies generating $4 - 12 million in EBITDA with proven business models, attractive growth and profitability trends, and strong leadership. For more information, please visit www.southfieldcapital.com Our Team Andy Levison, Managing Partner Andy Cook, Partner Heb James, Partner Tim Lewis, Partner Brandon Pinderhughes, Principal Chris Grambling, Vice President Josh Sylvan, Associate Logan Vorwerk, Associate Jon Goldstein, Chief Financial Officer Southfield Capital 53 Greenwich Avenue, 2nd Floor Greenwich, CT 06830 Phone: 203.813.4100 Fax: 203.813.4141 www.southfieldcapital.com

GREENWICH, CT – Southfield Capital, a premier lower middle market private equity firm, announced today that Kelvin Group, (“Kelvin”), a leading national provider of industrial and commercial mission-critical mechanical refrigeration services, process safety management and environmental compliance, has completed the acquisition of PermaCold Engineering, Inc. (“PermaCold”), a premier industrial refrigeration company headquartered in the Pacific Northwest. The acquisition of PermaCold represents Kelvin’s fourteenth acquisition since partnering with Southfield. Founded more than 30 years ago by industry pioneers, Steve Jackson and Randy Cieloha, PermaCold has built a reputation for excellence, innovation and reliability in the industrial refrigeration industry. The company is widely recognized for its expertise in ammonia and CO2 refrigeration systems as well as its ability to deliver complex, high-performance solutions to clients across the western United States. The integration of PermaCold into Kelvin Group's family of companies, which features reputable brands such as ARC Mechanical, Refrigeration Design & Service (RD&S), RC&E, HCG Associates, and JS Compliance, further solidifies Kelvin's standing as a national provider of mission-critical mechanical services. “Kelvin’s acquisition of PermaCold represents an exciting milestone as the company continues its national expansion strategy by entering the Pacific Northwest. PermaCold’s deep technical expertise, admired technician team and customer service focus makes them a natural partner for Kelvin,” said Harry Gray, CEO of Kelvin Group. “Together, we look forward to offering an enhanced set of capabilities to support our combined customer base.” “When we decided to sell, Randy and I were adamant in locating an organization that shares our company’s culture and values relating to customers and employees, and Kelvin more than achieved this goal,” said Steve Jackson, “We’re excited to leverage Kelvin’s national footprint to better serve our customers while staying true to the values that have guided us for more than 30 years.” Southfield Partner, Chris Grambling, commented on the transaction, "We are delighted to welcome the PermaCold team to the Kelvin family. PermaCold has built a phenomenal reputation in the Pacific Northwest and their addition bolsters Kelvin’s geographic coverage, establishing Kelvin as a coast-to-coast mechanical services provider." Deerpath Capital Management and Crescent Capital provided debt financing. G2 Capital Advisors served as the buy-side advisor to Kelvin. Finn, Dixon & Herling provided legal counsel to Kelvin and Southfield Capital. About Kelvin Group Kelvin Group is a national leader in the field of industrial and commercial mission-critical mechanical services, process safety management and environmental compliance. Its turnkey solutions provide design/installation, service and planned maintenance and testing and compliance of world-class mechanical systems for leaders in the food and beverage, cold storage, pharmaceutical, educational, health care, and process industries. Once engaged with customers, Kelvin assists business owners achieve mandated health, safety, environmental and regulatory compliance standards. For more information, please visit www.kelvin.cool . About Southfield Capital Southfield Capital is a private equity firm that invests in high-growth, lower middle market companies in the business services sector. The firm targets companies with $4 - 20 million in EBITDA and partners with management to scale the business through a combination of organic and acquisition growth strategies. For more information, please visit www.southfieldcapital.com .