Richard (Rick) Surett

CFO of Grant Thornton. Portfolio company of New Mountain Capital.

Owned by I Squared Capital, TEN is the largest full-service trailer leasing company in North America.

CFO of the largest U.S. stevedore and marine terminal operator. Responsible for leading corporate finance, operational finance, financial planning & analysis (FP&A), mergers & acquisitions (M&A), treasury, capital markets, insurance, tax, accounting and internal audit.

Responsible for all financial analysis, budgeting, reporting, capital markets, treasury and M&A. Notable Accomplishments Include: ● Recruited and trained entirely new FP&A and Corporate Development groups ● Three of the five business unit CFO's were promoted from within my group ● Led the $800 million global refinancing ● Presented to over 50 different investor groups ● Led numerous acquisitions and joint ventures with an aggregate value of over $1 billion ● Restructured the entire internal reporting and budgeting process ● Led the five year strategic plan ● Presented and prepared materials for the Board of Directors

Director, Corporate Development (2007 - 2010) Senior Manager, Corporate Development (2005 - 2007) Manager, FP&A and Corporate Development (2004 - 2005) Responsible for mergers & acquisitions, equity investments, partnerships and strategic financial analysis. Lead the M&A process from initial market research and company identification through due diligence, valuation, negotiation and transaction structuring. Direct strategic projects related to profitability improvement, growth initiatives, competitive benchmarking, and optimal capital structures including dividend policy and stock repurchase programs. Notable M&A Transactions Include: ● $900 million acquisition of Nortel Enterprise Solutions (acquired in bankruptcy; carve out) ● $600 million acquisition of Tenovis (European telecom equipment vendor) ● $45 million divestiture of 59% stake in Indian reseller AGC Networks ● $45 million acquisition of Nimcat Networks (telecom application company) ● Divestment of five international business units (non-core carve outs) ● Acquisition of Adomo (voicemail application company) ● Acquisition of Agile Software (contact center application company) ● $8 billion sale of Avaya to two private equity firms ● Divestment of Databurg (data center business in Germany) ● Acquisition of Traverse Networks (voice mobility application company) ● Divestment of the carrier services business unit ● Acquisition of Route Science (adaptive network solutions company) Notable Non-M&A Projects Include: ● Restructuring of a large legacy business in Europe into two separate business with distinct management ● Led the analysis of an outsourcing partner which revealed the company’s deteriorating financial condition and resulted in the decision to seek an alternative vendor ● Conducted detailed analyses of new growth strategies and initiatives ● Benchmarked competitors and best-in-class practices

Responsible for advising financial institutions on mergers & acquisitions and capital raising (equity and debt) at Citigroup Global Markets and previously at Northeast Capital & Advisory. ● Evaluated numerous institutions for M&A transactions. ● Valued companies using major valuation methodologies, including comparable companies, precedent transactions, sum-of-the-parts, and discounted cash flow analysis. ● Created advanced financial models for acquisitions, divestitures and restructuring initiatives. ● Evaluated transactions using NPV, IRR, ROI, ROA, ROE and EPS accretion/dilution. ● Assessed transactional impact on earnings, capital structure, credit ratios and ownership. ● Analyzed companies with respect to equity and debt financing transactions including IPO’s. ● Drafted sales and marketing materials for equity and debt offerings. ● Assisted in drafting merger proxy statements, SEC registration statements and NASD compliant private placement memoranda. Notable M&A Transactions Include: ● $650 million sale of JSB Financial to North Fork Financial ● Camden National Corporation's purchase of Acadia Trust Company ● Salisbury Bank's acquisition of a branch of the People’s Bank ● Lake Sunapee Bank's purchase of the Charter Trust Company

Responsible for lending to middle market companies with revenue ranging from $10 million to $500 million. ● Authored detailed credit memorandums to make lending decisions on senior and subordinated debt. ● Prepared detailed financial models for structuring debt offerings. ● Drafted commercial loan agreements. ● Analyzed companies for debt capacity and capital needs. ● Prepared analyses related to debt defaults including restructuring alternatives and liquidation projections. ● Completed rigorous corporate credit training program.

Responsible for providing auditing and tax services to corporate clients (CPA). ● Audited and reviewed financial statements for corporations and partnerships. ● Provided accounting and business consulting services to middle market companies. ● Prepared business valuations for bankruptcies and dispute resolutions. ● Evaluated tax implications of various corporate initiatives including asset sales, recapitalizations and acquisitions. ● Prepared projections for corporate bankruptcy proceedings including detailed turnaround plans. ● During tenure, consistently #1 in billable hours.