Dennis Gunson Comments from Executives

Huron Capital Partners

John Higgins, Senior Partner We engaged Acclaro Growth Partners to conduct market and industry diligence for an add-on acquisition at one of our portfolio companies. Acclaro, led by Dennis Gunson . demonstrated they understood the !alue dri!ers in our business and then quickly identified the critical diligence issues and information we needed to !alidate the in!estment thesis and growth opportunities. "hey also de!eloped a great rapport with the management team of the target. We#d recommend Acclaro to any pri!ate equity firm looking for market or industry due diligence with a strategic bent.

Tonka Ba E!uit

Peter "# $ooman, %anaging Principal We engaged Dennis Gunson to assist us as an operating partner on an attracti!e acquisition opportunity. As a Pri!ate $quity firm we knew enough about the industry to be dangerous but were attracted to the business do to its high margins. Dennis not only knew the industry well but had actually worked in it. %e ga!e us instant credibility with the management team and helped us understand the risks and the growth opportunities. Dennis was professional and knowledgeable, and we would use Dennis again. We strongly recommend him to other Pri!ate $quity firms looking at acquisition opportunities.

Partners

&'()* B)+$ of SC'T*)+D

)n,re- S# "ein.erg, Senior /ice Presi,ent & ha!e known Dennis since '((' when he stepped in as )$* of one of our portfolio companies, Atlantic $+trusions )orporation. As a lender and an obser!er at all the board meetings, & ha!e had the pleasure of working with Dennis although through a !ery difficult situation as the company was not performing and facing a liquidity crisis. During the past couple of years, Dennis demonstrated his keen sense of the important roll the debt and equity constituencies play in working a company through a turnaround. %e walked into a challenging situation, to say the least, and did an outstanding ,ob restructuring the )ompany and its balance sheet. %e was also able to grow the businesses with little capital. Dennis brings a sharp business mind and quickly establishes credibility with employees and customers, as well as the lenders and equity holders. We wish he had been on board a few years earlier because & ha!e no doubt that

he would ha!e made a difference. "herefore, & would highly recommend Dennis for a leadership role in running a company. %e is a quick learner, has a firm understanding of capital structure and can dri!e the top line of the business. & also found him to be a superb communicator to the company#s board of directors and employees at all le!els. &f you ha!e any questions or would like to discuss further, please do not hesitate to contact me -'.'-/(.-.00(1.

+E" E+G*)+D B0S1+ESS E2CH)+GE

Steve %a,,en, Presi,ent & had the opportunity to work with Dennis in di!esting an underperforming business unit, as the e+clusi!e in!estment banker. Dennis presented a straightforward, fair and honest assessment of the business to all prospecti!e buyers. )reati!ely, he pro!ided se!eral options on how the business could be positioned for both financial and strategic acquirers. %e quickly connected with prospecti!e buyers who appreciated the knowledgeable and credible approach. 2urther & found him to be !ery responsi!e, thorough and communicati!e throughout the process. 3ltimately we were able to place the business with a strategic and former competitor. &4d highly recommend Dennis for a leadership role in running and growing a )ompany

)/'+D)*E P)&T+E&S, 1+C#,

&ick %artinko, Presi,ent & ha!e known and worked, on a 5oard of Director le!el, with Dennis Gunson for appro+imately .( years. 6r. Gunson is a seasoned business e+ecuti!e with superb leadership, organi7ational and general business skills. *n my recommendation to the 5oard of Directors of a troubled portfolio company, 6r. Gunson was asked and accepted the role of )$* and President of a company with significant challenges. &n a reasonably modest timeframe Dennis impro!ed the market position, personnel complement and cash flow of a company that had significant negati!e trends is a !ery competiti!e industry. %e also spearheaded the acquisition of a ma,or competitor that significantly impro!ed the core businesses# position in the global market. &n a fi!e year period under 6r. Gunson leadership the referenced company#s free cash flow increased by more than three hundred percent. 6r. Gunson is a high caliber pro!en business leader with superb skills who can build significant equity !alue. & would gladly work with him again with another of my portfolio companies.

)CC*)&' G&'"TH P)&T+E&S

)hristopher 89it: ;isle As a partner at Acclaro Growth Partners, a research-based strategy consulting firm, & am pleased to offer this letter of recommendation for Dennis Gunson. & was introduced to Dennis in '((<, by the pri!ate equity group that had recently in!ested in =utland Plastic "echnologies, &nc. Dennis was the ).$.*. of =utland at the time. 6any )-suite e+ecuti!es of middle market companies bristle when they are encouraged to spend hard-earned cash on third-party consultants. "hey do not appreciate their pri!ate equity owners meddling in the affairs of running their businesses. >et Dennis embraced the opportunity to learn, and we de!eloped a mutual respect from that point forward. %e was thirsty for insights, knowledge, and a leg up on the competition. "hroughout the process, despite his busy schedule, Dennis was acti!ely engaged and offered all the time my team needed to do our ,ob effecti!ely. &t was a collaborati!e, interacti!e, and iterati!e process. We learned as much from Dennis as he learned from our work process. 3nlike many ).$.*.s for whom we ha!e worked, Dennis was full of candor. %e is a straight shooter, and tells it like it is. %e was clear on the strengths, and the weaknesses, of his )ompany, its positioning in the market, and relationships with customers. "hat le!el of insight and candor from our client enabled us to perform our ,ob more effecti!ely. 2inally, Dennis ultimately accepted the data as it fell. Although our results were not always positi!e, and we contested some elements of his original strategy, he recogni7ed that we had the research to back up our findings. ;etting the cards fall as they may is not necessarily a common characteristic among our clients. "herefore, & would highly recommend Dennis for a leadership role in running a company.

3ormer Executive, &utlan, Plastic Technologies

Gary Da!is now the )hief *perations Director of the 5runson )orporation

& ha!e known Dennis since '((? when he assumed the role of President @ )$* of =utland Plastic "echnologies, &nc. As a Aice President of two different di!isions within =utland working directly for Dennis, Automoti!e @ &ndustrial Bales and )orporate *perations, & had the pri!ilege of working with Dennis through a !ery challenging transition as the company was performing poorly and facing internal breakdowns within all le!els of the company.

Dennis was able to quickly analy7e the root causes of the poor company performance and implement a !ery successful plan to restructure the company in a positi!e direction, impro!ing the bottom line and $5&"DA dramatically. %is unique ability to gain ownership with his management team and the members of the board enabled Dennis to rally the company behind him to implement these !ery painful, but positi!e changes !ery quickly. &n addition, it was a pri!ilege to be a part of the team and obser!e how he was able to na!igate our company through a !ery tumultuous time in '((C @ '((D, and continue to grow the business during that time. & would recommend Dennis for a Benior $+ecuti!e role in leading a company. %is grasp of operations, finance, and sales growth initiati!es can dri!e any company in a positi!e direction quickly and effecti!ely.

3ormer Emplo ee 4 Direct &eport

&t is with great pleasure that & am writing this testimonial letter regarding 6r. Dennis Gunson. 1 have kno-n %r# Gunson for seven ears, .oth as his emplo ee at Pol 'ne Corporation from 5667 through 5668, an, as a professional colleague# 6r. Gunson ,oined Poly*ne in '((/ to e!aluate the custom compounding business. %e was quick to assess the issues and recommend that Poly*ne create a new 5usiness 3nit called Producer Ber!ices. %is e!aluation included the e!aluation of three separate manufacturing operations, pricing strategy, product mi+ and sales approach. %e made the necessary changes in organi7ational structure, management team and operating discipline. %e sought our opinion and was quick to recogni7e the work we had done to prepare the business for earning growth. 6r. Gunson was instrumental in transforming the Producer Ber!ices 5usiness into a profitable contributor to Poly*ne#s business portfolio. 6r. Gunson#s leadership style and business acumen is among the best & ha!e seen. %e has the dri!e and energy necessary to see comple+ pro,ects through to completion, creating a results oriented team en!ironment. %e is a true professional who wins the respect of others through his integrity, creati!ity and unwa!ering desire to perform. &f & may pro!ide you with any further information in your consideration of 6r. Dennis Gunson, please feel free to contact me. BincerelyE April 5arnett )ommercial 6anager

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