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RFE Investment Partners Invests in ThreeBridge Solutions, LLC

New Canaan, CT – December 13, 2017 – RFE Investment Partners (“RFE”) is pleased to announce that it has completed a recapitalization of ThreeBridge Solutions, LLC (“ThreeBridge” or the “Company”), through which it has acquired a majority ownership interest in the Company. The Company’s founders, CEO Jim Kelly and President Jason Elder, will continue to lead ThreeBridge, and will retain a significant stake in the Company. ThreeBridge provides value-added information technology and business consulting services for a diverse set of Fortune 500 and Fortune 1000 clients in the Midwest. The Company offers solutions in the areas of ERP Integration, Agile Enterprise, Business Transformation, Program Management, Project Delivery, and innovative junior consultant development through its Boom Lab program.

ThreeBridge, headquartered in Minneapolis, Minnesota, is focused on serving the growing market opportunity between global strategic consulting firms and local staffing companies. The ThreeBridge model attractively blends thought leadership and execution expertise to deliver solutions and resources to clients in a highly flexible manner. By making significant investments in training and mentoring programs that support its consultants’ career objectives, interest, and skills, the Company has become the “employer of choice” for consultants within its core markets.

ThreeBridge’s future growth will be driven by a combination of greenfield expansion and completing strategic add-on acquisitions that will further expand its geographic presence and continue to broaden its service offerings with the existing footprint.

“Given RFE’s track record of partnering with management teams to successfully grow their companies to the next level both through organic initiatives and add-on acquisition strategies, it was clear to Jason and I that ThreeBridge and RFE represented an ideal fit,” said CEO Jim Kelly.

“RFE is excited to partner with founders Jim Kelly and Jason Elder, two seasoned industry veterans who are well suited to grow the business and capitalize on the increasing demand for ThreeBridge services,” added Jim Parsons, Senior Managing Director at RFE.

DECADES OF RECOGNIZING GROWTH OPPORTUNITIES
RFE is a seasoned team of business owners who partner with entrepreneurial management teams seeking to grow their businesses in the lower middle market. RFE has over three decades of recognizing growth opportunities, and our approach is simple: find good companies and help them reach their true potential.

RFE PURSUES GROWTH STRATEGIES IN NORTH AMERICAN SMALL MARKET COMPANIES.
We make control investments in businesses with initial enterprise values of $20 million to $150 million. The RFE team then works collaboratively with management to identify actionable channels of growth, both organically and through add-on acquisitions. Management will also have access to a network of operations and human capital resources that are available to support the team throughout the investment lifecycle.

THE FOUNDATION OF OUR SUCCESS IS THE QUALITY OF OUR TEAM AND THE ENDURING RELATIONSHIPS WE FORM.
RFE’s Managing Directors have worked together an average of 19 years and average 24 years of private equity experience.

RFE Investment Partners
36 Grove St
New Canaan, CT, 06840
(203) 966-2800
www.rfeip.com

December 13, 2017
RFE Investment Partners Exits Wind River Environmental

New Canaan, CT – April 6, 2017 – RFE Investment Partners (“RFE”) announced that it has completed the sale of one of its portfolio companies – Wind River Environmental (“Wind River” or “the Company”) to Gryphon Investors (“Gryphon”). Wind River is the leading provider of inspection, service, installation, repair, and maintenance of non-hazardous liquid environmental waste solutions in the United States.

Wind River was founded in 1999 and is headquartered in Marlborough, Massachusetts. Since acquiring the Company in July 2014, RFE worked closely with the management team to complete 15 strategic add-on acquisitions in order to increase the Company’s leadership position in its current markets and expand the geographic markets served. Consistent with RFE’s core value creation initiatives and to support Wind River’s rapid growth, multiple senior leadership searches were also completed over this time period to build out the management team. These efforts resulted in a tripling of EBITDA during RFE’s ownership period.

RFE Managing Director, Jim Parsons, noted, “We are very pleased with the significant growth of Wind River during RFE’s ownership. The Company has built a clear leadership position in the U.S. non-hazardous liquid waste management industry. Wind River is led by a terrific management team and is well positioned to continue its rapid growth.”

Wind River CEO, John O’Connell, said, “Over the last several years, RFE has been a value added partner in our successful growth efforts. We found RFE to be true partners with our management team and their approach has been very collaborative and effective.”

During the transaction, William Blair & Company acted as the financial advisor to Wind River and Finn Dixon & Herling served as legal counsel to the Company.

About Wind River
Wind River Environmental (www.wrenvironmental.com) and its affiliated companies inspect, service, repair and install a broad array of non-hazardous liquid waste systems, including septic tanks, grease traps, pumping and industrial waste systems. The Company offers a full array of services to residential, commercial and municipal systems from Maine to Florida. In 2016, the Company serviced 25,000 commercial and 52,000 residential sites. Operating in the Northeast, Tri-state, Mid-Atlantic and Southeast regions, Wind River has the largest fleet in the industry and all 500+ of Wind River’s team members are graduates of Wind River University, including 350+ technicians.

DECADES OF RECOGNIZING GROWTH OPPORTUNITIES
RFE is a seasoned team of business owners who partner with entrepreneurial management teams seeking to grow their businesses in the lower middle market. RFE has over three decades of recognizing growth opportunities, and our approach is simple: find good companies and help them reach their true potential.

RFE PURSUES GROWTH STRATEGIES IN NORTH AMERICAN SMALL MARKET COMPANIES.
We make control investments in businesses with initial enterprise values of $20 million to $150 million. The RFE team then works collaboratively with management to identify actionable channels of growth, both organically and through add-on acquisitions. Management will also have access to a network of operations and human capital resources that are available to support the team throughout the investment lifecycle.

THE FOUNDATION OF OUR SUCCESS IS THE QUALITY OF OUR TEAM AND THE ENDURING RELATIONSHIPS WE FORM.
RFE’s Managing Directors have worked together an average of 19 years and average 24 years of private equity experience.

RFE Investment Partners
36 Grove St
New Canaan, CT, 06840
(203) 966-2800
www.rfeip.com

April 6, 2017