May 12, 2020

Gauge Capital 2020 Q1 Activity

We hope that you and your family are staying healthy and safe during this unusual time. We are very thankful to all the healthcare workers risking their lives on the front line battling this virus – they are our wives, husbands, friends, and relatives and we are incredibly appreciative.

During these unprecedented times, we assure you that Gauge will continue to put capital to work. We are dedicated to supporting and partnering with businesses across an array of industries. Our deal criteria and structure remain flexible, including minority transactions, and will continue to evolve with the changing market conditions.

Add-On Acquisitions

Gauge completed four add-on acquisitions for four different portfolio companies in the 1st Quarter of 2020:

• Pediatric Dental Providers made a strategic acquisition of Cabezon Orthodontics, an orthodontics group based in Albuquerque, New Mexico

• Chaac Foods tripled its Pizza Hut location count through its acquisition of ADF, a franchisee of 100+ Pizza Hut locations in the Northeast

• Schlesinger Group strengthened its online quantitative business segment through the acquisition of Market Cube, an online sample and research operations company

• Comprehensive EyeCare Partners expanded north through its acquisition of Sierra Nevada Eye Center, an ophthalmology group based in Reno, Nevada

Add-On Searches

Business Services

• Infosoft Group | Criteria: Providers of technology-enabled compliance solutions

• irth Solutions | Criteria: SaaS-based solutions in the field service management sector

• Schlesinger Group | Criteria: Remote qualitative data collection and quantitative data collection companies

• TVC | Criteria: Service provider to the independent trucking market

Consumer

• Chaac Foods | Criteria: National brand quick-service and casual dining restaurant franchisees

• Lilly Lashes | Criteria: Branded beauty products focused on the eye (false lashes, mascara, etc.)

Healthcare

• Comprehensive EyeCare Partners | Criteria: Ophthalmology and retina providers in the Western USA

• Miami Beach Medical Group | Criteria: Primary care providers in Florida with a high percentage of Medicare Advantage patients

• Pediatric Dental Providers | Criteria: Pediatric dental and orthodontics providers in Arizona and New Mexico

Themes

Food Safety

• Certification and Traceability

• Lab Testing and Services

• Protective Products

Healthcare

• HCIT

• Home Health

• Outsourced Services

Technology

• Compliance

• Information Services

• Training and Certification