Investments All Current Exited Industrials Business Services Consumer Supply Chain/Logistics Aerospace & Defense Website dispatchtrans.com Headquarters Fontana, CA Leadership Bruce Degler, Founder and CEO; Kim Pugmire, President Date of Investment September 2011 Status Exited Structure Control, with significant management ownership Company Profile Full-service hauler and broker of dirt and aggregates in California and Nevada. Dispatch has operated for almost 60 years and is considered a leader and “brand name” in its markets. Within nine months of Balmoral’s investment, Dispatch expanded into Northern California through the purchase of certain assets of a local company. Industry Logistics / Transportation Transaction Type Asset purchase from a bank via UCC Article IX purchase Balmoral Opportunity Dispatch was an opportunity for Balmoral to invest alongside its founder in one of the most significant dirt and aggregate hauling companies in the region and to reinvigorate itself with a strengthened balance sheet. The new liquidity has allowed Dispatch the opportunity to pursue large projects, acquire a business in an adjacent territory and invest in growth. Website igps.net Headquarters Orlando, FL Leadership Jeff Pepperworth (CEO) Date of Investment June 2013 Status Active Structure Majority, in Shared-Control Structure Company Profile Operator of the world’s first plastic pallet rental service featuring lightweight, 100% recyclable plastic pallets with embedded radio frequency identification (RFID) technology. The company’s plastic pallets and integrated technologies yield significant savings for product manufacturers (of beverages, foods, pharmaceuticals, agriculture, etc.) and their customers who receive such products (e.g. retailers). Industry Logistics / Mobile Assets Transaction Type Turnaround followed by growth investment in 2019 Balmoral Opportunity Partnered with experienced and successful operators and a private equity firm (whose foreign affiliate had manufactured 10 million pallets that iGPS has purchased) to acquire the only U.S.-based plastic pallet rental/pooling business. The new management will implement strategies focused on greater logistics efficiency, faster velocity of the assets in use and lower loss/damage rates.