Acquisition Strategy: Current Timing for Business Deals Brief Update on State of the Lower Middle Market – Q1 2019 Byron Center, MI-Based Fabtec Enterprises, Inc., Acquired by an Individual Investor! Grand Rapids, MI-Based Pipeline Products Distribution Company, Power Supply, Inc. Acquired! In Q1 2019 the Business Market Trend Was Harder to Predict Niles MI-Based Sheet Metal Manufacturer C.N.C. Products, Inc. Acquired by Parker Holding Southwest Michigan-based GP Manufacturing acquired by Central Industrial Manufacturing! Precision Engineering & Manufacturing of West Michigan acquired by Individual Investors! Q4 2018 Report: Still a Seller’s Market but the Clock Is Ticking What is Exit Planning? A Q&A with Vincent Mastrovito Physical Capital vs. Intellectual Capital Grand Rapids-based CGI Design Agency Think Chromatic, LLC, acquired by an Individual Investor! Grand Rapids Internet Marketing Firm Corporate Conversions, LLC Acquires SLB Networks, LLC 2018 Q3 Survey Gives a Good Continued Outlook for Sellers Grand Rapids Manufacturer Performance Die Cutting Acquired by Investor! How ROBS Arrangements Can Enable a Business Purchase Calder Founder Max Friar Wins 2018 ACG Dealmaker of the Year Finalist Award! Patrick Robey Sources & Closes ACG’s Deal of the Year