ACQUISITION CRITERIA Lion Equity will consider acquisitions of middle market companies operating in a broad range of industries. Our acquisition candidates will typically possess the following characteristics: TRANSACTION TYPE Corporate carve-outs and special situations Businesses experiencing financial, operational or industry-driven challenges TRANSACTION SIZE Typical transaction values of up to $50 million, although we have the ability to consummate larger transactions Revenues between $20 and $150 million GEOGRAPHIC AREA Headquartered in the United States or Canada We will also consider North American divisions of foreign parent companies INDUSTRY FOCUS All industries will be considered Experience in industries such as business services, software and technology, telecommunications, distribution, print and publishing, healthcare, manufacturing and transportation Acquisition Process » Denver Office 260 N. Josephine St. Suite 220 Denver, CO 80206 P (303) 847-4100 F (303) 872-0156 ©2021 Lion Equity Partners, LLC. All rights reserved. Web design by Relish Studio Contact Sitemap

INVESTMENT PROFILE We seek platform investments of companies in various industries that share certain common profile characteristics: MARKET LEADERSHIP Companies should have a product or service with a strong market position to help sustain and grow profitability, and provide a foundation to expand into new markets. ESTABLISHED PRODUCTS OR SERVICES Businesses should present a compelling value proposition for their customers and have a proven ability to withstand changing market conditions. SCALABLE INFRASTRUCTURE Because customer, supplier and industry demands can change rapidly, it is important that businesses have the ability to properly scale in response to dynamic market conditions. LONG-TERM CUSTOMER RELATIONSHIPS Long-term customer relationships provide a level of comfort that the company can generate predictable cash flows and also serve as a foundation for expansion into new products or markets. GROWTH OPPORTUNITIES Platform companies should display both organic growth potential, as well as opportunities to grow via strategic add-on acquisitions. TALENTED AND MOTIVATED EMPLOYEE BASE Properly aligning the interests of investors and employees will help ensure long-term success and value creation for all stakeholders. « Acquisition Process Operating Philosophy » Denver Office 260 N. Josephine St. Suite 220 Denver, CO 80206 P (303) 847-4100 F (303) 872-0156 ©2021 Lion Equity Partners, LLC. All rights reserved. Web design by Relish Studio Contact Sitemap