RELEVANT INDUSTRIAL - Key Persons

Job Titles:

• Partner
• Partner, Luther King Capital Management

Andrew D. Zacharias is a Partner of LKCM Headwater Investments. Mr. Zacharias currently serves on the boards of Relevant Solutions, TestEquity, Resource Minerals, Building Controls & Solutions, Relevant Rental and RPS along with several civic and charitable boards in Fort Worth. Mr. Zacharias previously served as Vice President for Pacesetter Capital Group, executing and managing private equity and mezzanine debt investments in the media, manufacturing and service sectors. Prior to joining Pacesetter, he served as the CFO and COO of Street Advisor, an independent equity research provider. Prior to Street Advisor, he was in the Corporate Finance Group at Bear Stearns where he focused on equity and debt offerings, mergers and acquisitions and private placements across numerous industries in the Southwest US. While in undergraduate school, Mr. Zacharias started his career in finance as an intern analyst for two years for LKCM. Mr. Zacharias graduated with a Bachelor of Business Administration in Finance and Accounting from Texas Christian University. He completed a joint Masters of Business Administration and Masters in Engineering Management fellowship at Northwestern University's Kellogg School of Management, where he received the distinction of Austin Scholar. Mr. Zacharias is a candidate for the Turnaround Management Association's Certified Turnaround Professional Designation (CTP).

Job Titles:

• Independent Director

Mr. French has served in a variety of executive management and board of director roles over the course of a 40-plus year career. He was a director of Fab Tech Industries from 2000 to 2009; a director of Houston Plating and Coatings Company from 2002 until 2007; a director of Rawson LP from 2003 until 2009; and non-executive chairman of the board of Rawson Holdings, LLC from 2009 to 2010. He has also been a member of the advisory board of Main Street Capital Partners, LLC and a limited partner of Main Street Mezzanine Fund, LP. Mr. French currently serves as an advisor to LKCM Capital Group, LLC, the alternative investment vehicle for Luther King Capital Management. Until1999, Mr. French was Chairman and Chief Executive Officer of Metals USA Inc., taking the company through a successful IPO in 1997. Earlier, he served as Executive Vice President and a director of Keystone International, Inc. Mr. French began his career as a Sales Engineer for Fisher Controls International, Inc., where he held various titles over 23 years, concluding as company President and Chief Operating Officer, and a board director. A helicopter pilot and Captain in the United States Army Corps of Engineers, he is a graduate of Texas A & M University, with degrees in Mechanical Engineering and General Business.

Job Titles:

• Director
• Member of the Relevant Board of Directors

Mr. Andrews became a member of the Relevant Board of Directors in 2020. He previously served as Chief Operations Officer of Relevant Solutions, LLC beginning 2016 and in 2017 was promoted to Chief Executive Officer. He has over 20 years of experience creating shareholder value with a focus on organization and operation excellence. He adds optimum leadership in operational efficiency planning, employee development and implementation of sales strategies to Relevant Solutions. Mr. Andrews had several executive roles throughout his career, most notably as Executive Vice President of GHX Industrial, LLC. He is a Certified Public Accountant in the State of Texas. He earned a Bachelor of Business Administration with an emphasis in Accounting degree from University of Texas at Austin.

Job Titles:

• Member of the Executive Leadership Team
• Senior VP of Strategic Marketing

Chris joined Relevant in April of 2018 as part of their Rotating Equipment business. Prior to Relevant, Chris worked for Ingersoll Rand for 18 years, serving in multiple leadership roles in IR's compression technologies and industrial tools divisions. He has held many positions that included sales, marketing, service operations and product management. In his final role with Ingersoll Rand, Chris was responsible for driving sales process improvement globally the Compression Technology business. Prior to that, he directly managed a major region of IR's Compression Technology service centers and was responsible for the leadership of 300+ employees and $100M in revenue. Throughout his career, Chris has a proven track record of profitable growth; a strong customer focus; and development of diverse, high performing teams. Chris holds his bachelor's degree in management and leadership from Judson University and his MBA from Liberty University.

Job Titles:

• Independent Director

Dr. Barry Lawrence has served on the Relevant Solutions Board of Directors since 2014. A professor at Texas A&M University, Dr. Lawrence is Coordinator of the Industrial Distribution Program; Director of the Thomas and Joan Read Center for Distribution Research and Education; and Director the Global Supply Chain Laboratory. He also holds the prestigious Leonard and Valerie Bruce Leadership Chair. His faculty duties include teaching graduate, undergraduate and professional continuing education classes in logistics, Supply Chain Management, distribution information systems and distribution strategy, and working on funded research projects, publications and industry presentations. He is a frequent speaker for distribution associations and companies on topics in his areas of research, ranging from optimizing growth and market share, to sales and marketing optimization, inventory and other asset management, network improvements, transportation and logistics, and best practices and information systems for distribution operations. He has worked on many large industry projects and had more than 12 years of industry experience in sales and retail business before joining Texas A&M. Dr. Lawrence holds a Ph.D. degree in Information and Operations Management from Texas A&M University, a Master of Business Administration degree from Texas State University and a bachelor's degree in Finance from the University of Texas at Austin.

Job Titles:

• Managing Partner & Financial Sponsor
• Managing Partner of LKCM Headwater Investments
• Managing Partner, Luther King Capital Management

J. Bryan King is a Managing Partner of LKCM Headwater Investments. As an investment manager, Mr. King has been responsible for micro and small-capitalization public and private investments since 1994. King has acted as the Founder and Managing Partner of LKCM Capital Group since 2000, managing the long/short, microcap, private equity and other alternative investment strategies offered by LKCM. Mr. King established the LKCM Distribution Holdings oversight advisory board of operating partners and thought leaders to support investment activities in the distribution, packaging, shop, field and engineering services, and rental focused businesses. Lawson, TestEquity, Relevant Solutions, Leading Quality Assurance, Archer Systems, Independent Life, Industrial Distribution Group, Rawson, and Golden State Medical Supply are among some of the businesses where Mr. King has served as chairman of the board of directors and the managing partner. He also serves and has served in various capacities on many other boards of both public and private companies as well as numerous civic organizations. Mr. King graduated with a Bachelor of Arts in History from Princeton University, received a Ranch Management degree from Texas Christian University, and received a Masters of Business Administration from Harvard Business School.

Job Titles:

• Principal
• Principal With LKCM Headwater Investments

Joel D. Stewart is a Principal with LKCM Headwater Investments. He is responsible for originating new investment opportunities, conducting due diligence, structuring transactions and working with our portfolio companies. Prior to LKCM, Mr. Stewart was a Vice President at The Presidio Group in San Francisco, where he invested in lower-middle market companies and advised clients on M&A and private placement transactions. Previously, Mr. Stewart was a Principal of 6Pacific Partners, a boutique merchant bank focused on the food, beverage and nutrition industries, and he began his career as an Investment Banker at JPMorgan. Mr. Stewart holds a Bachelor of Business Administration in Finance and Economics from Baylor University and a Masters of Business Administration from The McCombs School of Business at the University of Texas.

Job Titles:

• Member of the Executive Leadership Team
• Senior VP of Sales

John joined Relevant Industrial as a result of the acquisition of Precision Fitting and Gauge in October 2019. John accepted his current position with Relevant Industrial in November 2020. John Butts is a seasoned executive with over three decades of dynamic leadership in the field of sales and process control. Currently serving as the Senior Vice President of Sales at Relevant Industrial, John brings a wealth of experience and expertise to the organization. With a career spanning 36 years, John has held multiple positions from Account Management to Process Controls Business Development during which he consistently demonstrated his prowess as a knowledgeable sales leader, known for his strategic acumen and exceptional ability to drive revenue growth. His extensive background in process control further enriches his skill set, allowing him to provide holistic solutions to clients and navigate complex industrial landscapes. One of John's standout strengths lies in his adeptness at leading sales organizations. Through his hands-on approach and strategic vision, he has consistently motivated and empowered teams to exceed targets and achieve remarkable results. John's leadership style is characterized by a unique blend of mentorship, innovation, and a relentless pursuit of excellence. Beyond his professional achievements, John is committed to continuous learning and staying at the forefront of industry trends. He is known for his strategic foresight, which enables him to anticipate shifts in the market and proactively position organizations for success. This capability is demonstrated with his participation and leadership in the significant growth of Precision Fitting and Gauge throughout his career there. As the Senior Vice President of Sales at Relevant Industrial, John Butts continues to lead with passion, integrity, and a commitment to delivering results. His contributions have been instrumental in driving the company's growth and solidifying its position as a key player in the industrial sector. With John at the helm, Relevant Industrial is poised for even greater success in the years ahead. John has a bachelor's Degree in Marketing and a MBA with a focus of Organizational Leadership.

Job Titles:

• Chief Executive Officer
• Member of the Executive Leadership Team

Mr. Carte brings over 30 years of industrial distribution experience to Relevant. During his 27+ years with MRC Global, he held positions in sales, operations management, marketing, supply chain, and executive leadership. As Senior Vice President for valves, automation, and instrumentation globally, John led the development and execution of the global strategy for the $1.9 billion segment, with direct responsibility for procurement and product business development. John joined Eads Distribution in 2015 as COO. Following the successful sale of Eads to FCx Performance, he was promoted to Division President of FCx Performance, and led the $180M+ business unit, overseeing company sales and growth plans, strategic initiatives, marketing, finance, branch operations and supply chain. John's has an Associate's degree in Management, a Bachelor's degree in Marketing and an MBA in Organizational Leadership.

Job Titles:

• Member of the Executive Leadership Team
• Senior VP of Corporate Development

John has over 38 years of industrial distribution experience. Starting at Wilson Mohr in 1985 he has held leadership positions in the fabrication shop, warehouse, inside sales, HR and all aspects of company operations. John was instrumental in helping Wilson Mohr grow from 3 million in revenue to over 50 million in revenue in 2010 when the business was sold to LKCM. John is currently involved with Relevant' s Acquisition Opportunities, Corporate Insurance Coverage, Contracts and Fleet Management.

Job Titles:

• Chief Information Officer
• Member of the Executive Leadership Team

Mr. Ryan has over 25 years of experience in the field of information technology. He brings more than 15 years of experience building out a complete IT organization including ERP, Network, Hardware, Acquisition Integration, and Supply Chain Integration. Mr. Ryan has a diverse background in Industrial Distribution having worked for DXP, United Distribution Group and Eads Distribution. Jonathan's goal is to leverage the IT team to be a strategic resource for the business while executing on strategic goals that lead to operational efficiencies. He is a strong believer in continuing education and has recently completed the Leadership and Innovation program at MIT. Jonathan earned a bachelor's degree from San Diego State University.

Job Titles:

• Member of the Executive Leadership Team
• HR Executive
• VP of Human Resources

Krisztina Merritt is a seasoned HR executive with a proven track record of driving organizational success through effective human resource strategies. As the Vice President of Human Resources at Relevant Industrial, Krisztina is dedicated to elevating the human resources function, ensuring that it remains a cornerstone in the company's journey towards continued success and innovation. With more than 20 years of experience in the field, Krisztina brings a wealth of expertise in areas such as talent acquisition, employee development, and organizational effectiveness. She is a champion of creating a workplace environment that promotes open communication, empowers employees to reach their full potential, and fosters organizational efficiency. She has a track record of successfully implementing performance management and employee engagement strategies, resulting in decreased regrettable turnover, enhanced manager effectiveness, and an overall better employee experience. In addition to her current role at Relevant Industrial, Krisztina has held key leadership roles in a variety of industries including oil and gas, electronics, and the finance sector. She is committed to fostering a diverse and inclusive work culture that values the contributions of each and every employee. Krisztina holds a Bachelor's degree in Psychology, and an MBA with a focus on Organizational Change.

Job Titles:

• Chief Financial Officer
• Member of the Executive Leadership Team

Mr. Singleton has over 20 years of finance experience in manufacturing, fabrication, distribution and e-commerce industries. He spent most of his career in Finance Director and CFO roles for private equity backed companies. In these roles, he partnered with senior management teams to execute strategic goals, developed accounting organizations to ensure efficiencies and scalability, and led successful acquisition integrations. Most recently he has worked in the e-commerce industry with Black Rifle Coffee Company and the fabrication industry with Patriot Erectors. Mike earned a Master of Business Administration degree from the Freeman School of Business at Tulane University and a Bachelor of Science degree in Biology from Spring Hill College.

Job Titles:

• Chief Operating Officer
• Member of the Executive Leadership Team

Dr. Kirkpatrick brings over 30 years of aerospace, automotive, and industrial experience to Relevant. During his 24 years with Caterpillar, he held leadership positions in Engineering, Manufacturing and Supply Chain. In his role as Facility Manager in Newberry, South Carolina, he led the introduction of 6 new product lines, increasing facility revenue from $160M to $750M. As Global Supply Chain Manager for the Electric Power Division, he led the transformation of a $3.5bn supply chain, reducing inventory by $500M, reducing operating costs by $39M and improving product lead times by 35%. Immediately prior to joining Relevant, he was a Director with Alvarez & Marsal, specializing in operational performance improvement. Sam holds a Master's degree in Mechanical and Manufacturing Engineering, a Doctorate in Engineering and an MBA. He is a Chartered Engineer and an APICS Certified Supply Chain Professional.

Job Titles:

• Vice President
• Vice President With LKCM Headwater Investments

Scott F. Oman is a Vice President with LKCM Headwater Investments and is responsible for originating new investment opportunities, conducting due diligence, structuring transactions and working with our portfolio companies. Prior to joining LKCM, Mr. Oman was a Senior Associate with Hudson Advisors, an affiliate with Lone Star Funds, where he was responsible for executing and managing private equity and debt investments across North America. Before Hudson, Mr. Oman was an Investment Banking Analyst with Bank of America Merrill Lynch in Houston, where he focused on M&A advisory work and public capital raises within the energy industry.

Job Titles:

• Independent Director
• Member of the Board
• Director, Luther King Capital Management

Mr. Comstock is a current board member for Relevant Solutions, Test Equity and Relevant Power Solutions. Previously Mr. Comstock was CEO of Rawson from February 2003 until December of 2016 ( It was sold by LKCM to ERIKS in 2013). Prior to joining Rawson, Mr. Comstock was the Chief Operating Officer of Furmanite, a petrochemical service company. Mr. Comstock spent 16 years with Keystone International, a flow control company, and served as President of the Keystone International's Industrial Valve Group in Europe for three years. Mr. Comstock received an MBA and a Bachelor of Science in Computer Science from Texas A&M University.

Job Titles:

• Independent Director

Mr. Felter, who has an impressive tenure in sales and executive management, was elected to the Luther King Capital Management Industrial Distribution boards as a member, partner and consultant. He had previously been a consultant for several large industrial valve, automation and instrumentation companies, such as Flowserve and SSP Instrumentation, as well as a Louisiana CPA firm. Earlier, in 1996, he joined Carter Chambers, LLC in Baton Rouge, Louisiana, and held a variety of leadership positions there, eventually serving as President and Chief Executive Officer from 1999 to 2009, when the company was sold to Pon Holdings. Afterward, Mr. Felter was the Director of Business Development for PVI Holdings, a subsidiary of Pon Holdings, until October 2012. Before joining Carter Chambers, Mr. Felter managed accounts for valves and automation at Valvax Corporation. He had spent the previous 11 years at the Duriron Company (now Flowserve Corporation) in a succession of ever larger management roles within the industrial and control valve divisions, and in many different locations. Mr. Felter began his career at the Olin Corporation in Baton Rouge after graduating from Louisiana State University with a bachelor's degree in Finance.