Yellowstone Capital Partners, LLC

Yellowstone Capital Partners, LLC is a Private Equity firm based in Houston and New York. Founded in 1993, it is an investment company and family office focused on acquiring and investing in small-to-medium-sized businesses. Yellowstone makes its acquisitions and investments employing both a majority investor "buyout" approach, as well as a venture capital/minority investment model. ▪ We mainly use our own capital and strategically include others ▪ We rely on existing management and industry operating partners as 'added value investors' in a leading role ▪ We believe in capital commitments and equity incentives by/for our portfolio companies’ management teams in order to lead and think as owners As a lead, majority investor, Yellowstone's primary objectives are to: ▪ Sponsor proven, entrepreneurial-minded management teams ▪ Provide the necessary resources to grow ▪ Unconstrained by lengthy approval processes or a predetermined fund life, we have the flexibility to make decisions and structure transactions quickly and efficiently to create value and time our opportunistic exits Yellowstone is pursuing acquisitions of established companies with the following characteristics: ▪ Revenues of $10-50 million in revenues for stand-alone acquisitions ▪ Positive cash flows and stable operating margins ▪ Differentiated business ▪ Competitive advantage ▪ Basic management team in place and /or viable transition by seller