CRONUS PARTNERS - Key Persons

Job Titles:

• Member of the Board of Advisors
• Senior Advisor

Alan Canzano has spent more than fifteen years in the technology industry, originally as an investment banker to tech companies, then as a product leader at Salesforce (formerly Demandware), and now at EngageSmart as Executive Vice President, Corporate Development and Strategy. EngageSmart creates vertically-tailored customer engagement and integrated payments solutions that drive engagement between its customers and their clients. Mr. Canzano has extensive experience in traditional software, SaaS and cloud businesses related to the retailing, ecommerce, consumer analytics, and supply chain industries. An experienced executive, he has owned full P&L responsibility of both an independent financial services provider and the operating division of a national public accounting firm. Prior to EngageSmart and Salesforce, Mr. Canzano was a co-founder and Managing Director of Cronus Partners. He has broad experience as a technology banker with particular expertise in enterprise application software, including for the supply chain and retailing industries. His transaction experience includes the sale of public and private companies, acquisitions, mergers, divestitures, leveraged recapitalizations and other capital raises. Previously, Mr. Canzano was with Goldman Sachs in its Merger and Strategic Advisory group and worked on numerous investment banking assignments in the B2B services sector and in logistics and supply chain management. A lawyer by training, he clerked at Dewey Ballantine LLP and at Buchanan Ingersoll PC and was admitted to the New York bar in 2001. Education Harvard Law School, J.D. Yale University, M.A. Princeton University, A.B.

Job Titles:

• Partner

Andrea Chase has extensive experience in the energy and industrial sectors and leads the firm's efforts in marketing and business development. A former Vice President at J.P. Morgan and a senior member of the energy and power group, she was responsible for marketing advisory services and leading execution teams. Prior to joining J.P. Morgan, Ms. Chase was a Vice President at Commercial Union Capital Group in project finance and development. Immediately prior to joining Cronus, she created and ran a financial, managerial and marketing consulting company for the not-for-profit sector. Education The Stern School of Business, New York University, M.B.A. Barnard College, Columbia University, A.B.

Job Titles:

• Associate

Aurel Serani provides transaction and analytical support, performing due diligence, industry research and financial modeling. Prior to joining the firm, he was a Financial Analyst with Kaman Aerospace, a subsidiary of NYSE-listed Kaman Corporation, and an Operations Analyst for RockIT Solutions, a technology-enabled Family Office service provider. Education Central Connecticut State University, M.B.A. Boston College, B.S.

Job Titles:

• Senior Advisor

Charlie Carson has extensive experience in environmental and industrial services, process control, and instrumentation and monitoring systems. Prior to co-founding Cronus Partners, he co-founded and spent 15 years as a financial advisor to middle-market companies at Quirk Carson Peppet. Mr. Carson also served as a principal with a $125 million private equity fund formed by Churchill Capital and as Vice President and Treasurer of City Investing Company, an $8 billion conglomerate. He began his finance career at Citibank, where he was also a Vice President. Mr. Carson served as an officer in the United States Army. Education Harvard Business School Program for Management Development Hamilton College, B.A.

Job Titles:

• Member of the Board of Advisors
• Senior Advisor

Charlie Agreda is the former President and Owner of Evolution Aero located in South Windsor, CT and Condor Industries located in Fort Lauderdale, FL. After 39 years in the aerospace industry, he retired in 2019, selling both companies to The Whitcraft Group, and is now the owner of Golden Gears Car Club. Evolution and Condor provide high quality machining services and the production of rigid tube assemblies in a wide array of exotic materials servicing the aerospace and power generation industries. The companies utilize the latest technologies to bring a job from concept to completion with 3-D Prototyping, including additive manufacturing using direct metal laser sintering, 3-D plastic modeling, precision CNC milling, turning, water jet, EDM and tube bending. Mr. Agreda began his career in 1980 as a tool room apprentice working alongside his father at a machine shop in East Hartford, CT. Over the next several years, he became a department supervisor for the CNC milling department and moved to a new company as Operations Manager. In 1987, he rejoined forces with his family at C&P Machine Co. which had been established in 1980 as a 2,500 square foot facility in South Windsor, CT. In 1997, the company built a 9,000 square foot facility, expanding to 14,500 square feet in 2001. In 2008, Mr. Agreda acquired Empire Manufacturing of Bridgeport, CT, and in 2010, Aero Tube Technologies was formed to purchase the assets of Tube Bends, Inc. in Newington, CT. In 2011, he consolidated the three companies into a 98,000 square foot facility and rebranded as Evolution Aero - Where Innovation Takes Shape. Mr. Agreda serves on the Foundation Board of Goodwin University, and from 2014 - 2017, served on the Foundation Board for Manchester Community College. In 2012, he initiated a plan to partner with local educational institutions to develop a workforce to meet the demand of the industry. Mr. Agreda believes that introducing people to manufacturing and engineering trades, educating them on the industry, and allowing them to witness the opportunities available first hand can influence them to enter these fields. Companies that invest in and embrace existing and developing technologies provide boundless opportunities for students or individuals seeking a career change.

Job Titles:

• Member of the Board of Advisors
• Senior Advisor
• Senior Executive
• Board Member of PDG Environmental, Inc

Most recently, Mr. Kilpela was President and CEO of Soil Safe, Inc. with total profit and loss responsibility for a market-leading provider of soil treatment and placement services, serving commercial real estate, infrastructure development, and industrial customers. He transitioned the company from a 100% family-owned and operated business to a professional enterprise. Under Mr. Kipela's leadership, EBITDA more than doubled and the company was sold at a 4.6x return to investors. Previously, he was President of Noxso Corporation, a technology development company in the environmental air pollution control industry, and President of Ansaldo Ross Hill Corporation, an automation equipment company. Mr. Kilpela also spent 30 years at Westinghouse Electric Corporation, last as General Manager, Environmental Services Divisions, a full-service environmental business with annual revenues of $500 million and 4,000 employees at 20 major locations in the U.S. and Europe, providing services for the management of hazardous, radioactively contaminated, and municipal solid waste. Prior to this position, he was General Manager, International Operations and Vice President, International Marketing and Sales. Mr. Kilpela is a Board member of PDG Environmental, Inc. and Brother's Brother Foundation and an Advisory Board member of several private equity groups. He was affiliated with the Westinghouse Chairman's Forum (limited to the 50 top corporation executives) from 1993 - 1996 and with the Environmental Technology Council Executive Committee from 1992 - 1995. Education University of Pittsburgh, M.B.A. Carnegie Mellon University, Mechanical Engineering, B.S. Ed Kilpela is a senior executive with significant general management leadership experience and recognized achievements in profit center management, including new business development, engineering, service operations, marketing and sales across diverse technical industries. He has had success applying strategic management skills to the growth and operation of small and mid-sized businesses worldwide.

Job Titles:

• Member of the Board of Advisors
• Senior Advisor

Jim Hattler has been involved in the environmental services industry since 1974 and is a seasoned business executive with experience in financial analysis, M&A, strategic planning, sales, marketing, and IT, having served in various senior level positions throughout his career with both large and small corporate organizations. Currently, he is President and Chief Executive Officer of Nickel City Ventures, Inc. (Nickel City), a company he founded in 2000 to aid clients seeking to leverage his diverse environmental services background and access to a network of private capital contacts that specialize in the environmental funding sector.

Job Titles:

• Managing Partner

Jeff Rubin leads the firm's efforts in manufacturing and B2B services, with an extensive operational background in heavy industry. He is also an experienced technology banker. Prior to co-founding Cronus Partners, Mr. Rubin served as Co-Managing Partner of Windsor Group Securities. Previously, he had been Vice Chairman of Vanstar Corporation, Executive Vice President of Nynex Corporation, and Senior Vice President for Planning and Development of GTE. Mr. Rubin also served as Chief Financial Officer of Combustion Engineering and Chief Financial Officer of the Anaconda subsidiary of Atlantic Richfield Co. He is a C.P.A. Education University of Southern California, M.B.A. City College of New York, B.B.A.

Job Titles:

• Partner

John Quirk leads the firm's efforts in the environmental and maritime transportation and logistics sectors. He was previously a member of the Cronus Board of Advisors and a Director of Corporate Development for Donjon Marine Co., Inc., a family-owned marine service company involved in marine transportation, dredging, salvage, wreck removal, heavy lift services and shipbuilding and repair. He is a seasoned financial executive having worked almost twenty years in various financial positions at two major international corporations, City Investing Company and W.R. Grace & Co. At City Investing, he held the position of Senior Vice President, Treasurer and Chief Fiscal Officer. Mr. Quirk also has over twenty years' experience in the environmental industry, including both investment banking and private equity. Prior to joining one of his former investment banking clients, Donjon Marine, in 2009, he spent eight years as a Managing Director of Morgan Joseph, an investment bank targeting middle market companies. At Morgan Joseph, Mr. Quirk headed the firm's environmental practice which focused principally on companies in solid waste, hazardous waste, waste transportation, recycling, alternative energy, air and water. He was also a co-founder of an investment bank that specialized in the environmental sector, a co-general partner of the Environmental Opportunities Fund, and a Principal of Churchill Capital's $125 million Environmental Equity Fund. Education Darden School of Business, University of Virginia, M.B.A. Georgetown University, B.A

Job Titles:

• Managing Director

Ken Leung has had a long career providing advisory and financial services to private and public companies in solid waste, hazardous waste, recycling, nuclear, engineering and consulting, and air and water pollution. Mr. Leung was named an "All-Star Analyst" by Institutional Investor for 21 years, and as Chief Investment Officer for Environmental Opportunities Fund I and II, which represented $113 million of private equity funds, he provided seed capital for such companies as Eastern Environmental Services, subsequently sold to Waste Management, as well as IESI and Capital Environmental Resources, both now part of Waste Connections. In addition to having served as editor of both Environmental Review and Pollution Control Monthly, he has written extensively for various environmental publications and been a frequent speaker at environmental and financial conferences. Before joining Cronus, Mr. Leung was a Managing Director and the Head of Environmental Services at Wunderlich Securities and Madison Williams, and prior to 1994, he was a Managing Director at Smith Barney, focusing on environmental investment research. Education Columbia School of Business, Columbia University, M.B.A. Fordham College, B.A

Job Titles:

• Marketing Associate

Lisa Johnson provides marketing and administrative support to the firm, including event coordination and database management. Prior to joining the firm, she worked at Hewitt Associates and ADT Security Systems. Education St. Vincent's College

Job Titles:

• Member of the Board of Advisors
• Senior Advisor

Mark Spano was the founder, President and Chief Executive Officer of PM Recovery Inc., a metal trading and physical brokerage firm headquartered in Harrison, NY with regional offices in Dallas TX, Portland OR, Charleston SC, Mystic CT, New Castle PA, and Althofen, Austria. The company was sold in 2016. He was previously Chairman and Chief Executive Officer of PM Kalco, a specialty metals and alloys manufacturer and worldwide supplier to the investment casting, aerospace, dental, and medical industries; Chairman of PM Metals and Carbides, a metals recycling company; Director of IPMR-International Precious Metal Refiners, an American-Emerati partnership in Abu Dhabi to refine gold and silver mining feed; and Chairman of Duratherm Inc., a hazardous waste treatment and disposal facility in San Leandro TX, processing oil and residual refinery secondary materials and metal catalysts for the oil refinery industry. Mr. Spano is currently on the Board of Directors of the WGA-World Golf Association Caddie Scholarship Foundation. He also has served as a member of the Regional Advisory Board of HSBC and a member of the Provident Bank Business Leaders Council. Education Emerson College, B.S.

Job Titles:

• Member of the Board of Advisors
• Senior Advisor
• Managing Member of Minerva Advisors

Mike Persico is a Managing Member of Minerva Advisors, continuing his participation as a Board Director or Senior Advisor to remediation, transportation, and disposal businesses. These environmental services businesses include wastewater treatment facilities, nation-wide oil spill response organizations, hazardous and non-hazardous transfer stations, soil roasters, and environmental consulting. He has been a key advisor in the acquisition or expansion of a variety of permitted facilities and numerous real estate transactions concerning permitted and/or environmentally impaired properties. Mr. Persico was previously President and a Member of the Board of Directors of both Clean Venture and Cycle Chem, Inc. He provided the direction, planning, sales, and marketing for the companies which collectively provide the environmental contracting, transporting, treatment, and disposal of hazardous and petroleum products. The companies have more than $100 million in sales and 350 employees at eight offices, a soil roaster, and three licensed hazardous waste transfer, storage, and disposal facilities. Previously, Mr. Persico was a Facility Environmental Specialist at AT&T/Bell Laboratories, Project Manager at Cecos International, and a chemist at Peabody Coastal Services. Education Wagner College, B.S.

Job Titles:

• Associate

Nathan Johnson provides transaction and analytical support, performing due diligence, industry research and financial modeling. Prior to joining the firm, he was a Deals Experienced Associate - Valuation & Business Modeling at PricewaterhouseCoopers, a Client Services Analyst - Investment Operations at Nasdaq, and an Investment Research Intern at Canterbury Consulting. Education University of California, Irvine - The Paul Merage School of Business, B.A.

Job Titles:

• Managing Director

Paul Nowak specializes in providing financial advisory and capital raising services to clients in the environmental services industry. He has enjoyed a 20-year career advising public and private middle market companies and entrepreneurs. Mr. Nowak was previously a senior member of the investment banking departments of Wunderlich Securities, Madison Williams and Company, Sanders Morris Harris, and Crest Advisors LLC, and a member of Smith Barney's Mergers & Acquisitions and Advisory Groups. He has worked on a variety of mergers, acquisitions and corporate finance transactions in multiple industries, including insurance, communications, energy, industrial services, healthcare, retail, and security services. Education McIntire School of Commerce, University of Virginia, B.S.

Job Titles:

• Member of the Board of Advisors
• Senior Advisor
• Senior Executive

Russ Peppet is a senior executive with a long and successful career in management consulting and private equity investing. Since 2001, he has been the General Partner of Park Avenue Equity Partners, responsible for the investment of funds in midsized growth companies and the development of the management of these companies.