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DISTRIBUTOR AND SERVICE PROVIDER FOR MAJOR BOILER, BURNER, CONTROLS AND EQUIPMENT MANUFACTURERS Ontario CAN #67790 BUSINESS HIGHLIGHTS The Company has been operang for over 25 years and is posioned as a primary source in the commercial and industrial heang sector. The customer base is well diversified, with 90.0% from Commercial Contractors, highlighng experse in project‐specific soluons. Serving School Boards & Government Instuons (9.0%) reflects commitment to specialized needs, and collaboraon with other wholesalers (1.0%) which strengthens supply chain contribuons. The Company's customer market segmentaon has historically been as follows: Commercial Contractors – 90% of total revenue; School Boards & Government Instuons – 9%; Other Wholesalers – 1% Products and Services. The Company maintains an extensive inventory of top‐quality brand name products, reflecng leading‐edge technology. The Company takes pride in its ability to source hard‐to‐find items, even those disconnued by manufacturers. The Company's inventory includes major brands with established partnerships which ensure clients have access to the latest advancements in commercial and industrial heang soluons. As a percentage of revenue, the Company's key brands of products were: Supplier A – 12%; Supplier B – 12%; Supplier C – 8%. Mike Hammer Senior Managing Director, M&A Email: mhammer@generaonal.com Phone: 416‐782‐5222 INVESTMENT BANK OF THE YEAR 2016 - 2017 - 2018 DISCLAIMER: All informaon contained in this document has been provided by the subject company to Generaonal Equity and while believed to be correct has not been verified. Accordingly, Generaonal Equity makes no representaons or warranes as to the accuracy and truthfulness of such informaon. The recipient hereof acknowledges that Generaonal Equity shall not be liable for any loss or injury suffered by said recipient in any way connected to the delivery by Genera‐ onal Equity of this document. At all mes Generaonal Equity and/or its affiliate network members are agents for the seller and not for the buyer. Generaonal Equity's fees are paid by the seller. FYE APRIL 30 REVENUE / EBITDA INVESTMENT APPEAL Superior Name and Reputaon. A 25 + year reputaon for the quality of its products, experse, dependability, and superior customer support, has built considerable brand equity in its market segment. Secure a Highly Skilled Workforce. Operator success depends on the skill of engineering, technical and markeng employees that acvely assist customers in specifying their needs and in determining the appropriate products to meet those needs. Outstanding Growth Opportunies. Given sufficient resources, the business has tremendous opportunies to grow revenues and profits by expanding its product and services offerings, aggressively promong its capabilies, growing its customer and geographic markets, and hiring experienced sales professionals to aract new customers. Diversified Customer Base. The business has developed an excellent reputaon within the industry for supplying high quality and high value products. Over the historical period, the Company experienced no significant customer concentraon. Strong Management Team. The management team has a tremendous amount of industry experience. and is focused on providing quality, mely, innovave, and cost‐effecve products, coupled with proacve and responsive customer service. Management Will Remain Through Transion. The owners are willing to remain through the transion period, in order to preserve operaonal cohesiveness. Generaonal Equity 125 Park Avenue , 25th Floor New York, NY 10017 SIGN NDA ► $15.3M 2024 Revenue (PROJ.) $3.2M 2024 EBITDA (PROJ.) OPERATIONS CENTERS Office 5,300 SF Warehouse 1 2,200 SF Warehouse 2 2,475 SF Warehouse 3 and Office 15,000 SF CUSTOMER RETENTION RATE 2024 95% KEY CUSTOMER VOLUME Customer A (1996) 4% Customer B (1996) 3% Customer C (1996) 3% Customer D (1996) 2% Customer E (pre‐2013) 2% GEOGRAPHIC MARKETS Canada—All Provinces 100% REVENUE SOURCES Commercial Contractors 90% Schools and Government 9% Wholesalers 1% EXPERIENCED TEAM Sales 8 Accounng and Administraon 3 Shipping and Receiving 2