American Refrigeration Company Makes Strategic Investment in RECCO

Acquisition Furthers Ongoing Growth Strategy and Positions FastLane as Integrated Growth Platform Supporting Franchisors from Concept Through Scale . Greenwich, CT – March 20, 2026 – Southfield Capital (“Southfield”), a premier lower middle market private equity firm, today announced that its portfolio company, Franchise FastLane (“FastLane” or “the Company”), a leading franchise sales organization, has completed the strategic acquisition of Franchise Creator, a premier firm specializing in identifying and guiding early-stage franchisors through concept validation, franchise readiness, and foundational growth planning. The addition of Franchise Creator allows FastLane to establish an integrated growth platform that supports franchisors from concept through scale, leveraging Franchise Creator’s strong reputation working with emerging brands at the earliest stages of their franchising journey and helping founders validate their models, prepare for franchising, and establish strong foundations for growth. As part of FastLane, Franchise Creator will continue to focus on early-stage brand identification and support, while benefiting from the scale, infrastructure, and development capabilities of the broader FastLane ecosystem, enabling it to better help founders build strong, scalable franchise models. “This acquisition represents an exciting step in FastLane’s evolution and the continued execution of our organic and targeted M&A growth strategy,” said Tim Koch, President & COO of FastLane . “In partnering with Southfield, we have set out to build more than a franchise sales organization. Franchise Creator’s best-in-class ability to identify and guide early-stage brands is a powerful complement to FastLane, and we’re excited to integrate their insights and capabilities into our platform. Through this combination, we are able to further our mission of building the first end-to-end franchise services business, capable of working with brands from their formation through maturity.” “From day one, Franchise Creator has been about helping founders turn great ideas into real, viable franchise brands,” said Hossein Kasmai, Founder of Franchise Creator. “FastLane shares that same belief, and they bring the resources, experience, and platform to help our clients go further and faster. This partnership allows us to stay true to who we are while expanding what’s possible for our team and the founders we serve.” “This acquisition aligns perfectly with FastLane’s long-term strategy of building a differentiated, vertically integrated platform across the franchising lifecycle,” said Josh Sylvan, Principal at Southfield Capital. “By expanding upstream into early-stage brand creation and readiness, FastLane is strengthening its recurring revenue profile, improving brand quality entering development, and building a more durable enterprise. We’re excited to have the opportunity to partner with Hossein and the Franchise Creator team to continue building on the Company’s momentum and strengthening both its market position and ability to serve franchisors and founders across the country.” TPG Twin Brook provided debt financing. Troutman Pepper Hamilton Sanders LLP provided legal counsel to FastLane and Southfield. Boxwood Partners acted as the exclusive financial advisor to Franchise Creator. About Southfield Capital Southfield Capital is a premier private equity firm with a foundational commitment to driving value at high-growth, lower middle market companies in the business services sector. The firm leverages its deep team of highly-experienced investment, technology and value-creation professionals, combined with fully-integrated AI-driven capabilities to partner with founders and manager-owned teams. For more information, please visit www.southfieldcapital.com About Franchise FastLane Franchise FastLane provides franchise development services. It manages the entire franchisee sales lifecycle from initial lead generation to prospect qualification through to deal closure. FastLane works with franchisors to perfect their discovery process, bring qualified franchisee leads, and drive strong growth. FastLane leverages a rigorous diligence and onboarding process, industry-leading technology platform, and exceptional sales executives to drive successful franchise development for its franchisor clients. For more information, please visit www.franchisefastlane.com About Franchise Creator Franchise Creator specializes in identifying and guiding early-stage franchisors through concept validation, franchise readiness, and foundational growth planning, helping founders build strong, scalable franchise models and provides back-end services like bookkeeping and marketing. For more information, please visit www.franchisecreator.com  Investor Contact Jason Perlroth Principal, Head of Business Development, Southfield Capital Email: jperlroth@southfieldcapital.com Tel: 203 813 4117 Media Contact Taylor Ingraham / Max Rayden Email: tingraham@ascadvisors.com / mrayden@ascadvisors.com Tel: 203 992 1230

AI-driven Full-Service Business Contextual.io Complements Southfield Capital's Mission to Enhance Value Creation for Founders and Manager-Owners

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 .