
John Madden is the Managing Partner and a founding investor of Sequel
Holdings. Over the past 15 years, he has worked in various capacities
with J.C. Bradford & Co., Bankers Trust Company, and Dean Foods
Company and its affiliated companies (Kaminski Engles Capital Corporation,
Engles Management Corporation, Suiza Foods Corporation and Reddy Ice
Corporation). Mr. Madden was actively involved in the growth of Dean
Foods from the company’s initial dairy acquisition in Puerto Rico
in 1993 until he resigned in 2002 to form Sequel.

Alan Bernon is a founding investor of Sequel Holdings and a member of its advisory board.
He is also senior advisor and president of the Affiliate Division of Dairy Farmers of
America. Prior to joining DFA in 2008, Mr. Bernon was President of the Dairy Group
of Dean Foods Company. Mr. Bernon and his brother sold their family business,
Garelick Farms, along with their plastics company, Franklin Plastics, to Suiza Foods
(predecessor of Dean Foods Company) in 1997.

Gregg Engles is a founding investor of Sequel Holdings and a member
of its advisory board. He is also Chairman and Chief Executive Officer
of Dean Foods Company, one of the leading food and beverage companies
in the United States. Mr. Engles founded the company, beginning with
the 1988 acquisition of the Reddy Ice division of The Southland Corporation.

Michael Crow is a Senior Vice President and
CFO of Sequel Holdings. Prior to joining Sequel in March 2006, he was a Managing
Director of Growth Capital Partners, LP, where he also served as head of GCP’s Dallas
office and Equity Sponsors Group. Prior to joining GCP in 2001, Mr. Crow was a
Managing Director for Donaldson, Lufkin & Jenrette Securities Corporation.

Ron Klein is a Managing Director of
Sequel Holdings and is responsible for sourcing, executing, and monitoring the firm’s
investments in the food and beverage industries. Previously, Mr. Klein held various
senior level positions with Dean Foods Company, with responsibilities including mergers and
acquisitions, strategy, and capital markets transactions. Mr. Klein has also held top
operating responsibilities at Dean Foods Company, most recently leading its cultured
products group.

Lynn Rundle is an Operating Partner of
Sequel Holdings with responsibility for sourcing, evaluating and managing investment
opportunities in the agribusiness and related food products sectors. Mr. Rundle
brings 30 years of experience in agribusiness and lends his extensive expertise to the
business operations of the firm’s portfolio companies in these sectors. Prior
to joining Sequel, Mr. Rundle served as founder and CEO of 21st Century Grain Processing,
a leading specialty grain-based ingredient manufacturer, from its inception in 1997 through
its successful sale in 2010.