Overview of Qualifications

MERGERS & ACQUISITIONS

CAPITAL MARKETS

FINANCIAL RESTRUCTURING

FINANCIAL ADVISORY

SERVICES

HL.com

Overview of QualificationsGranite Equity Partners Stakeholder

TradeshowMay 23, 2012

Confidential

A Leading Investment Banking FirmOverview ofHoulihan Lokey

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Corporate Finance Financial Advisory Financial Restructuring

Mergers and Acquisitions

Capital Markets

² Sell-side & Buy-side Transactions

² Leveraged Transactions² Minority Equity Transactions

Ranked Among Top 10 M&A Advisors for Ten Straight Years

No. 1 Investment Banking Restructuring Advisor

² Debt & Equity Private Placements² High Yield² PIPEs Financings² Liabilities Management² Special Situations Advisory

² Fairness Opinions² Solvency Opinions² Valuation Opinions² Transaction Advisory Services² Tax & Financial Reporting Valuation² Portfolio Valuation & Advisory Services² Derivatives Valuation & Advisory Services² Dispute Resolution & Financial Expert

Opinions

² Chapter 11 Planning² Restructuring Debt and Equity² Debtor-in-Possession (“DIP”) Financing² Exchange Offers² Plans of Reorganization² Distressed Mergers and Acquisitions

M&A Advisor’s 2011Valuation Firm of the Year

2011 M&A Advisory RankingsU.S. Transactions Under $1 Billion

Rank AdvisorNumber of Deals

1 Houlihan Lokey 1032 Bank of America Merrill Lynch 913 Goldman Sachs & Co 804 Jefferies & Co Inc 735 Morgan Stanley 72

Source: Thom son R euters

Global M&A Fairness Advisory RankingsAnnounced or Completed Deals –2002 to 2011

Rank AdvisorNumberof Deals

1 Houlihan Lokey 5492 JP Morgan 5003 Bank of America Merrill Lynch 3384 Morgan Stanley 3375 Goldman Sachs & Co 289

Source: Thom son R euters

Global Distressed Debt & BankruptcyRestructuringRankings 2011

Rank AdvisorNumber of Deals

1 Houlihan Lokey 332 * Rothschild 282 * Lazard 284 Moelis & Co. 175 Blackstone Group LP 14

* denotes tie. Source: Thom son R euters, January 2012.

Serving the Evolving Needs of Our Middle Market Clients

Overview ofHoulihan Lokey

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Time

Size

² Valuation Opinions² Tax & Financial Reporting Valuations² Dispute Resolutions

² Financial Expert Opinions² Portfolio Valuation & Advisory² Transaction Advisory Services

² Derivatives Valuation & Advisory² Solvency Opinions² Fairness Opinions

Ongoing ClientNeeds:

Maturing

Startup

Rapid Growth

Stable Growth & Innovatio

nRelationship Building, Strategic Introductions

& Advice, Stock Option Planning

Growth Capital (Majority/Minority Equity

Investments, Debt Offering)

Acquisition and Divestiture Advisory, Recapitalization,

Refinancing

Investment Capital, Sale of Company

Debt and Equity Capital Markets Alternatives (IPO, High-Yield,

Private Placements)

Corporate Infrastructure Advice, Executive Personnel

Introductions

Covenant Resets, Restructuring

Strategic Acquisitions

Trusted Partner and Independent Advisor to Boards of Directors, Management Teams, Investors and Entrepreneurs

Strategic Global PresenceOverview ofHoulihan Lokey

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² Houlihan Lokey has approximately 850 employees in 14 offices worldwide

² With three offices in Europe and three offices in Asia, Houlihan Lokey has the global reach and local country presence tosupport international transactions

² In 2005, Houlihan Lokey partnered with ORIX Corporation (NYSE:IX), a leading integrated financial services group,headquartered in Tokyo, Japan

² In 2010, Houlihan Lokey expanded its presence into India and Singapore through a strategic minority investment in the AvistaAdvisory Group, a 25-person investment banking firm headquartered in Mumbai

Avista Advisory locations

ORIX Corporation locations

2009 M&A Advisory Rankings U.S. Transactions Under $1 Billion

Rank AdvisorNumber of Deals

1 Houlihan Lokey 712 Goldman Sachs & Co 573 Bank of America Merrill Lynch 554 JP Morgan 535 Lazard 516 * Credit Suisse 506 * Morgan Stanley 508 UBS 409 RBC Capita l Markets 38

10 * Cit i 3610 * Deutsche Bank AG 36

* denotes t ie.Source: Thomson R euters

Recent Highlights and AccomplishmentsIntroduction

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Closed More Mid-Cap Deals Than Any Other Firm Winner of Numerous Industry Awards

2009

2010

2008

² Investment Banking Firm of the Year

² Valuation Firm of the Year

´ Awarded by the M&A Advisor International Awards in September 2011

² Investment Banking Firm of the Year

² Financing Dealmaker of the Year

´ Awarded by the M&A Advisor Financing Awards in May2011

² 2010 Mid-market Financial Advisor of the Year – United States

´ Awarded by Financial Times and Mergermarket on December 13, 2010

² 2010 Investment Bank of the Year –North America

´ Awarded by InterContinental Finance Magazine on September 20, 2010

2008 M&A Advisory Rankings U.S. Transactions Under $1 Billion

Rank AdvisorNumber of Deals

1 Houlihan Lokey 1122 Goldman Sachs & Co 873 JP Morgan 854 Credit Suisse 785 Merrill Lynch 626 Morgan Sta nley 617 * Lazard 597 * UBS 599 Citi 57

10 Jefferies & Co Inc 56* denotes t ie.Source: Thom son R euters

2010 M&A Advisory Rankings U.S. Transactions Under $1 Billion

Rank AdvisorNumber of Deals

1 Houlihan Lokey 1172 Goldman Sachs & Co 993 Lazard 824 Bank of America Merrill Lynch 775 JP Morgan 736 Jefferies & Co Inc 727 Morgan Stanley 598 Credit Suisse 579 Barclays Capita l 56

10 RBC Capita l Markets 53Source: Thom son R euters

2011

2011 M&A Advisory RankingsU.S. Transactions Under $1 Billion

Rank AdvisorNumber of Deals

1 Houlihan Lokey 1032 Bank of America Merrill Lynch 913 Goldman Sachs & Co 804 Jefferies & Co Inc 735 Morgan Stanley 726 JP Morgan 677 UBS 608 Credit Suisse 559 Lazard 51

10 Barclays Capital 50Source: Thom son R euters

Fully Integrated Industry, Product and Financial Sponsors Capabilities

Introduction

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Aerospace • Defense • Government

Dedicated Industry Groups

Business Services

Consumer, Food & Retail

Energy

Financial Institutions

Financial Technology

Healthcare

Industrials

Infrastructure Services & Materials

Media & Telecom

Technology

Real Estate, Lodging & Leisure

Transportation & Logistics

Active dialogue

with a diversified group of private

equity firms, hedge funds,

capital alliances and

limited partners

Financial SponsorsProduct Expertise

Mergers & Acquisitions

Restructuring

Capital Markets

Financial Advisory

Contact InformationOverview ofHoulihan Lokey

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Kreg J. Jackson Jeffrey A. ArnesenManaging Director & Director & Head of FinancialHead of Financial Sponsor Coverage – UpperAdvisory Services – Midwest Midwest & CanadaP: 312.456.4748 P: 612.215.2260E: KJackson@HL.com E: JArnesen@HL.com