Lubar & Co. is a Milwaukee-based private investment firm that drives the long-term growth of portfolio companies through strategic collaboration and guidance. After more than 50 years in business, we ontinue to invest our own capital in partnership with great management teams to help each enterprise reach its fullest potential – today, tomorrow and for many years to come.

1. Lubar & Co. is a Milwaukee-based private investment rm that
drives the long-term growth of portfolio companies through Partnering with
strategic collaboration and guidance. After more than 50 years in Companies to Drive
business, we continue to invest our own capital in partnership with
great management teams to help each enterprise reach its fullest
Long-Term Growth
potential – today, tomorrow and for many years to come. for over 50 Years
OUR PHILOSOPHY CONTACT OUR TEAM
At the heart of the Lubar & Co. investment philosophy is a
commitment to doing the right things, day in and day out. is Sheldon B. Lubar
Chairman
commitment is based on six key tenets:
shel@lubar.com
1. Acquire companies jointly with operating managers who are dedicated
to building their businesses and rewarded for doing so.
David J. Lubar
2. Operate each company on a world-class basis by providing
President & CEO
management with the operational, nancial and human resources
david@lubar.com
necessary to develop the business.
3. Create meaningful ownership opportunities for management through
an equity structure that aligns their interests with ours. Vince Shiely
Partner
4. Operate in an atmosphere of mutual trust, respect and the highest shiely@lubar.com
standards of integrity in all relationships.
5. Use common sense and sound judgment to guide our actions.
Dave Bauer
6. Build companies that produce reliable, growing earnings and reinvest CFO
the cash ow to fund future growth. is is a long-term investment bauer@lubar.com
strategy aimed at appreciation and compounding equity values.
INVESTMENT CRITERIA Dave Kuehl
General Counsel
• Revenues of $30 million or more kuehl@lubar.com
• EBITDA of $5 million to $30 million
• Enterprise values of $15 million to $200 million
• Midwest-based from the Great Lakes to Texas
OFFICE LOCATION
MARKETS & INDUSTRIES
700 N. Water Street, Suite 1200
• Niche manufacturing • Architecture, engineering and construction
Milwaukee, WI 53202
• Business services • Finance and asset management
414-291-9000 Phone
• Energy • Healthcare
414-291-9061 Fax
• Food • Banking
TYPES OF TRANSACTIONS
• Management-led buyouts • Generational changes of ownership Learn more at www.lubar.com.
• Recapitalizations • Corporate divestitures
• Growth capital • Majority or minority ownership positions

2. Lubar & Co. Representative Investments
Lubar & Co. has investment experience and a record of success with
portfolio companies in diverse industries in various stages of development.
e following companies represent a sampling of meaningful investments
where we serve a signi cant role as investor, director and advisor.
American Pasteurization Co. is a Approach Resources is a Fort Worth, e Milwaukee Brewers are based in
Milwaukee-based food processor that uses TX-based independent oil and natural gas Milwaukee, WI and are one of 30
high-pressure processing (HPP) to make company focused on exploring and professional baseball teams in Major League
fresh foods safer, taste better and last longer. producing unconventional oil and gas Baseball. www.brewers.com
www.pressurefresh.com reservoirs. www.approachresources.com
Cogdell Spencer is a Charlotte, NC-based Crosstex Energy is a Dallas-based Milwaukee, WI-based Lake Express is the
publically traded Real Estate Investment midstream natural gas company engaged in rst high-speed ferry in the United States.
Trust (REIT) that specializes in the design, the gathering, transmission, processing and e ship carries passengers and vehicles
build, development, ownership, management fractionation of natural gas and natural gas across Lake Michigan between Milwaukee
and leasing of medical o ce buildings and liquids. www.crosstexenergy.com and Muskegon, MI, in just 2 ½ hours, saving
healthcare-related facilities. www.cogdell.com passengers a lengthy drive through heavily
congested Chicago. www.lake-express.com
Rockland Industrial Products, LLC, Shared Imaging, LLC, is a leading, Zero Zone, Inc., based in North Prairie,
based in Red Wing, MN, is North America’s Streamwood, IL-based provider of CT, MRI WI, is a designer and manufacturer of
second largest manufacturer of laminated and PET/CT imaging systems, services and high-quality refrigerated display cases
wood ooring for the trailer and intermodal equipment to hospitals and other healthcare and electrical distribution systems for
container markets. e company also providers. www.sharedimaging.com supermarkets, convenience stores, drug
manufactures nished and un nished stores, ice arenas and cold storage industrial
oak cabinetry sold through major home applications. www.zero-zone.com
improvement retailers, distributors and its
own direct outlet. www.rockland ooring.com
Review our full portfolio at www.lubar.com/portfolio.
Lubar & Co. 700 N. Water Street, Suite 1200 Milwaukee, WI 53202
Phone: 414-291-9000 Fax: 414-291-9061 info@lubar.com