Cranemere Long term horizons We are a trusted partner for building outstanding businesses over the long term Learn More Who You Are You are the builder of a great company Your success is based on innovation and a relentless focus on execution. Your people – their communities, and the environment – matter to you. Your focus is on the long term and you seek a partner for the future. We founded Cranemere to be your partner Who We Are A trusted partner Cranemere is a distinct alternative For those considering private equity, going public, or being owned by a large corporation. Cranemere is a holding company for outstanding businesses in the United States and Europe. We are a long-term, values-aligned partner with permanent capital, business-building expertise, and a global network. Our lasting partnership enables innovative founders, entrepreneurs, and leaders to focus on the best long-term strategy and build exceptional companies. A distinct alternative We look beyond the horizon Too often outstanding companies are trapped in short-term cycles of being burdened by debt and repeatedly sold. Some are weighed down by quarterly reporting and myopic scrutiny. Others are subsumed and neglected by corporate giants. We create more value for all stakeholders: we are actively committed to the long-term success of our businesses, the wellbeing of people, the benefit of communities, and the safeguarding of the environment. We avoid the pitfalls of short-termism: the cost, inefficiency and distraction of being sold, the burden of excessive leverage, and the resulting missed opportunities to grow the business. We harness the power of compounding in a highly efficient model to generate greater returns for shareholders. Our Values Cranemere Values Long-Term Partnership We create lasting partnerships based on respect and fairness, where decisions are made together with a long-term mindset for value creation Principal Preservation We focus on careful management of risk with a conservative approach to leverage that enables ongoing strategic commitments to growth. Innovation Is Core to Enduring Success We believe that continuous entrepreneurial enterprise and creativity are essential components of enduring success. Business Should Be a Force for Good We look to mobilize the transformative power of business to have a positive impact on our stakeholders and the environment – unlocking further business value. Operating Companies Our Operating Companies Cranemere partners with leading companies for the long term. We seek to create shareholder value over decades, not quarters. Our long-term horizon makes us a differentiated partner for founders, management teams and family-owned companies. We are committed to social and environmental leadership, good governance, and considering the interests of all stakeholders in our decision making. A leading U.S. manufacturer of office furniture A leading European manufacturer of engineered stone bathroom products A major U.S. anesthesia services provider One of the largest commercial truck dealership groups in North America Back to Operating Companies Our People A team of partners Vincent Mai is Cranemere’s Founder, Chairman, and Chief Executive Officer. Prior to Cranemere, Vincent was CEO and / or Chairman of AEA Investors, a private equity firm founded to make investments on behalf of S.G. Warburg & Co., as well as the Rockefeller, Mellon, and Harriman families. During Vincent’s 20+ year tenure, AEA was ranked in the top 10 of 5,600 firms worldwide for the most consistent high performance by research firm Preqin1. At AEA Vincent served on numerous boards in a period where more than 80% of the value creation was driven by revenue growth and margin improvement. Vincent also served as Chairman of the AEA Mezzanine and Small Business funds. Vincent was the former chairman of the board of Sesame Workshop, producers of Sesame Street, has been a director of the Council on Foreign Relations, and has served on the boards of the International Center for Transitional Justice and the Juilliard School, among others. 1 Based the period of Vincent’s tenure, 1989 – 2011 Our Team Vincent is joined by a team of dedicated professionals with business building expertise across the United States and Europe who have collectively created several billion dollars of equity value and made more than 50 acquisitions. Europe London (Head Office) Rosario Corcione Managing Director Eddie Gandevia Principal Chad Rowe Finance Director Tim Farquharson Senior Vice President Catriona Brown Vice President - Legal Harry Milligan Corporate Secretary Bartlomiej Grabowy Associate Guillaume Iserin Associate North America New York & Washington DC Christopher Mahan Senior Managing Director Vivake Bhalla Chief Financial Officer Evan Farber General Counsel Eric Minkove Senior Managing Director Diana Propper de Callejon Managing Director Sanford Krieger Special Counsel Amy Stout Operating Partner Minesh Mistry Principal John Morley Principal Jackie Kier Senior Vice President Shilpa Rao Director, Health Care Hannah Wang Senior Associate Nick O’Mara Senior Associate Fiona Lam Associate Charlie Cellar Associate Lillian Jin Associate Max Mangum Associate Our Shareholders Our shareholders are individuals, families, and institutions from the United States, Europe, the United Kingdom, Latin America, and the Middle East. Many of our shareholders have built businesses over multiple generations. They share our vision of long-term value creation and play an active role by lending their expertise. Our shareholders have joined us because we manage risk carefully with conservative leverage; our model is a highly cost-efficient model for compounding free cash flow; we have an engaged, shareholder-led governance structure; aligned management incentives; and a long-term orientation that builds greater value in our companies. Our Story Strong foundations A conversation with Vincent Q: What inspired you to found Cranemere? A lifetime in finance and building businesses has taught me that, in an increasingly complex and uncertain world, among the best ways to create value is to own outstanding companies for the long-term. The traditional private equity structure requires that you sell those businesses within three to five years, regardless of whether that’s the right decision for the business. In fact, many of the industry incentives encourage selling the best businesses quickly. That doesn’t make sense! Selling a business incurs substantial costs and is a significant distraction for management. For the private equity firm, it creates the problem of having to buy a new and equally good company when you have just sold an excellent business you knew very well. Not only that, when you have a short-term mindset, commitments to innovation, expansion and the well-being of people and the environment are too often neglected – weakening both the businesses and society. Cranemere was established to solve this problem. We have permanent capital in a corporate structure that enables us to focus on the best strategy to create value over the long-term and aligns the incentives of shareholders, management and the companies we partner with. Read Full Interview What’s in a name? Vincent grew up next door to an iconic farm in South Africa called Cranemere, which is home to the national bird, the Blue Crane. The farm has been operated for seven generations by one family – each generation improving the farm before handing it on to the next. Our firm is inspired by this example of the power of private enterprise to steward lasting intergenerational growth with enduring values. Contact Partnership for good LONDON Floor 5, Smithson Tower, St. James's Street, London, SW1A 1HJ, United Kingdom +44 20 7060 6530 NEW YORK 152 West 57th Street, 42nd Floor, New York, NY 10019, USA +1 212 656 0300 WASHINGTON, DC 1225 19th St, NW, Suite 800 Washington, DC 20036, USA +1 212 656 0224 Media Contact: Adam Weiner, Arrowpath Advisors adam.weiner@arrowpath.com t: (212) 596-7701 © 2021 The Cranemere Group Limited contact@cranemere.com Legal Notices