ABOUT APPROACH ESG TEAM PORTFOLIO UPDATES CONTACT LP LOG IN ALL COMPANIES Peterson American Corporation VISIT WEBSITE Investment Date: April 2019 Exit Date: Current Fund: Fund I Sector: Spring Manufacturing, Wire Forming Headquarters: Southfield, MI Footprint: 12 facilities across the US, Canada, Mexico and the UK Revenue: ~$135 million End Markets: Industrial, Racing, Automotive Aftermarket, Truck & Trailer, Automotive OEM Peterson American Corporation is a designer and manufacturer of highly engineered springs, wire forms, retaining rings, clamps, stampings, and a variety of related sub-assemblies. The Company serves a diverse set of end markets that span automotive OEM, industrial, motorsport/racing, truck & trailer, heavy equipment, and consumer products. ADD-ON CRITERIA Geography: North America Size: $1.5M+ of EBITDA End markets: racing/motorsport, high margin industrial Products/applications: racing springs, valvetrain components, specialty fasteners, medical/aerospace wire forms Capabilities/services: machining, wire forming, assembly PETERSON COMPANY MANAGEMENT Mike Putz President Mike joined Peterson in 2020, after having most recently served as Alco’s President & CFO. Prior to joining Alco, Mike spent eight years at MPI Products, including four years as Chief Financial Officer and four years as Chief Operating Officer. Mike holds a B.A. in Accounting and an M.B.A. from Wayne State University. Jay Brown CFO Jay Brown joined Peterson Spring in April 2020 as the Chief Financial Officer. He previously spent ten years and nine months as the VP-Restructuring; Division C.F.O.; Corporate Treasurer at Revstone Industries, L.L.C. Jay earned his M.B.A. in Finance, Production Operations from Michigan University – Stephen M. Ross School of Business. INDEPENDENT BOARD MEMBERS Barry Green Partner at HunterPoint Management Consultants Barry Green is a turnaround specialist, implementing change in companies undergoing or requiring transformation, and has served on a number of boards in both executive and independent roles. Barry is a UK Chartered Accountant, holds an MBA from The Wharton School, and a BA in economics from Manchester University in the UK. John Miller Self Employed John spent 30+ years in senior procurement and operations roles at Honda, Motorola, Nissan and Whirlpool, most recently as SVP Global Sourcing for Whirlpool. MIDDLEGROUND AFFILIATION JOHN STEWART Founding Partner LAUREN MULHOLLAND Founding Partner SCOT DUNCAN Founding Partner RYAN MCCOMB Vice President VISWA MARAMREDDY Vice President SARAH VARGHESE Associate HAYDEN WILKERSON Analyst MIKE BRIDGE Director of Operations DOUG BROWN Director of Operations KRISTEN BAILY Vice President, Human Capital BILL MCINTYRE General Counsel DOWNLOAD OUR FACT SHEET PRIVACY POLICY TERMS OF USE SUBSCRIBE TO OUR NEWSLETTER © 2021 MiddleGround Capital Website Design by MVP Marketing + Design