creased from 3.3x at closing to 2.9x Nov. 2016 Follow-on Acquisition • Acquired Regal Maintenance for $6 mm or 3x EBITDA pro forma cost savings Debt Repayment/Bond Resilience • Bond division continues to perform. • FY2017 EBITDA of $44 mm • Repaid 32% of acq. debt to date Debt Repayment/Bond Resilience and Growth • Bo