BACKGROUND OF THE PRINCIPALS

 


David L. Canedo
Managing Director
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David Canedo, Managing Director, joined Carlisle in 1994 and has more than 30 years experience in general management, finance and quality management in aerospace and general manufacturing industries. He is an executive skilled in leading diverse organizations in increasing bottom line results through restructuring, strategically focused planning, quality improvements and proactive employee involvement. His hands-on experience encompasses the entire spectrum of financial management from the capital markets to cost control.

For most of his career, Mr. Canedo served in a variety of roles with Rohr Industries, Inc., a major aerospace subcontractor with revenues in excess of $1.4 billion. In his last position as Vice President-General Manager of Rohr's Riverside, California and Hagerstown, Maryland manufacturing facilities, he led an organization of 2,600 employees with revenues of approximately $400 million to the best results in their history, improving cost efficiency by over $30 million.

As Vice President, Financial Management, he developed the Strategic and Business Planning processes that contributed to Rohr's rise to number one in its market niche, as Rohr increased revenues from $500 million to over $1.4 billion and improved cash flow in excess of $200 million. While Vice President, Quality he turned around an organization that was over-staffed, had poor relations with its customers, and was deeply demoralized to one that was structurally efficient and re-energized.

Mr. Canedo previously served as Chairman and Chief Executive Officer of Duro Industries, a former Carlisle Enterprises portfolio company. He also formerly served as Co-Chief Executive Officer of Hyco International, Inc., (a portfolio company of Carlisle's equity partner, Centre Partners Management LLC). Prior to his involvement with Duro, he was the Chief Financial Officer and served on the board of Fiberite, Inc. and served as interim Chief Executive Officer of Brand Services, Inc., both former Carlisle Enterprises portfolio companies.

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James S. Carlisle
CEO
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Jim Carlisle, Chief Executive Officer and a founder of Carlisle Enterprises in 1990, has over 30 years of experience in mergers and acquisitions in a wide variety of industry segments. His experience also includes serving as President and/or Chief Executive Officer of several companies, including businesses he has acquired. Since 1975 Mr. Carlisle has acquired companies for himself and investor partners. During his acquisition career, Mr. Carlisle's responsibilities have included locating, evaluating and valuing acquired companies, as well as handling acquisition negotiations, raising capital, and managing divestitures.

Prior to 1975, Mr. Carlisle managed an automotive manufacturing, engineering and testing company, which he brought from losses to substantial profitability and then assisted in its sale. In addition, he was involved with the simultaneous turnaround of four subsidiaries of Armco Steel and assisted with many acquisitions for Whittaker Corporation.

Mr. Carlisle served on the board of Brand Services, Inc. until its sale in October 2002. He formerly served on many public and private boards including Fiberite, Sorvall Products (predecessor to Kendro Laboratory Products), Garrett Aviation Services (all former Carlisle Enterprises portfolio companies), as well as Chairman of the Board of Fourth Generation Technology, Inc.

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Richard W. Detweiler
Managing Director
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Rich Detweiler, Managing Director, joined Carlisle in 1996, and brings 30 years experience in general management, manufacturing and finance in an unusually diverse array of product technologies, service industries and global environments. As Chairman and Chief Executive Officer of Precision Aerotech, Inc. from 1990 to 1996, Mr. Detweiler completed a complicated restructuring and turnaround of a diversified, publicly traded, manufactured products company. While profit improvement, cash flow, asset utilization, consolidation and debt restructuring initiatives were being implemented, Mr. Detweiler developed and successfully put in place business diversification strategies that led to a doubling of sales over a three-year period.

In 1982, while directing product manufacturing operations for Caterpillar's Solar Turbines, Inc., industrial power systems business, Mr. Detweiler was asked to assume overall general management responsibility to turn around its aerospace gas turbine systems division. As a result of improvements in profitability, return on assets, meeting customer commitments and a three-fold increase in sales to $120 million, Sundstrand Corporation acquired the division and incentivised Mr. Detweiler to continue with the business. Mr. Detweiler's senior manufacturing responsibilities followed his extensive experience in finance and planning as the Chief Financial Officer of the $400 million Solar Turbines business.

Mr. Detweiler formerly served as Co-Chief Executive Officer of Hyco International, Inc. (a portfolio company of Carlisle's equity partner, Centre Partners Management LLC). He also was the former interim Chief Operating Officer of Linc.net and served on the board of Precision Partners, both former Carlisle Enterprises portfolio companies. Mr. Detweiler currently is on the boards of Aeromet Holdings, Hyco International Inc. and Smith Power Products and previously was a director of a number of public and private companies, serving manufacturing and industrial service industries.

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Dennis A. Dunn
Managing Director
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Dennis Dunn, Managing Director, has 20 years of private equity mergers and acquisitions experience. Since joining Carlisle in 1992, Mr. Dunn has been actively involved in all phases of Carlisle's acquisition program. He generated and led the acquisitions of Alpha Technologies, Aviation Systems International, Contractors Wire & Cable and MSA Aircraft Products.

Mr. Dunn led the development of the firm's Small Business Initiative ("SBI"), a lower middle market strategy which leverages Carlisle's traditional strengths in acquiring companies in the firm's historical targeted industry sectors. He also developed and executed marketing programs for the SBI, including securing new investors to complement Carlisle's legacy investors in this strategy.

Prior to joining Carlisle, Mr. Dunn led acquisitions in industrial manufacturing, distribution and service segments, developing a portfolio of leading companies in truck body and accessories manufacturing, steel distribution, specialty metal alloy investment casting and machining, and floor coverings manufacturing and distribution.

Prior to his acquisitions experience, Mr. Dunn worked with McKinsey & Company, an international general management consulting firm. Mr. Dunn contributed to a number of strategic management, marketing, organizational, and internal efficiency improvement engagements while at McKinsey, building the competitive positions and profitability of Fortune 100 clients and their subsidiaries.

Mr. Dunn began his professional career with Conoco Inc. , now a part of ConocoPhillips, an international, integrated energy company, in the company's domestic oil and gas exploration division. He holds a B.S. in Administrative Science from Yale University and an M.B.A. from the Graduate School of Business at Stanford University. He currently serves as director of MSA Aircraft Products and previously served on the boards of Alpha Technologies and Aviation Systems International.

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Dale L. Ziegler
Managing Director
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Dale Ziegler, Managing Director who joined Carlisle in 1993, is a broad-based business generalist with over 30 years of experience in a wide variety of businesses. Mr. Ziegler has extensive experience as a senior financial executive, and possesses particular expertise in operational controls, including profit improvement/cost reduction actions, cash flow management and asset management. His extensive experience in problem-solving environments includes business evaluation, planning and strategy formulation, crisis management, restructuring and product line/facility pruning. Mr. Ziegler also is experienced and knowledgeable in all aspects of both buyer and seller sides of acquisition and divestiture transactions.

For 15 years prior to joining Carlisle, Mr. Ziegler held a variety of positions with Abex, Inc. (and predecessors), most recently as Chief Financial Officer of Pneumo Abex Corporation, an $800 million corporate-sponsored LBO consisting of five operating units serving the aerospace and industrial markets. Previously, Mr. Ziegler was one of the original Managing Directors of The Henley Group when it was spun-off from Allied-Signal. In earlier years, Mr. Ziegler held a variety of executive financial positions with The Signal Companies and Wheelabrator-Frye, both also predecessors of Abex, Inc.

Prior to joining a predecessor of Abex in 1978, Mr. Ziegler was employed from 1972 to 1978 by Rockwell International in various assignments in automotive, industrial and consumer business units and in their corporate finance staff. Mr. Ziegler began his career with LTV Steel from 1968 to 1972.

Mr. Ziegler currently serves on the board of Benetech, Inc. and formerly served as a director of Kendro Laboratory Products, until its sale in 2001, both Carlisle Enterprises portfolio companies. Until 1999, he served as Chief Financial Officer of Sorvall following its acquisition from DuPont and during the merger with Heraeus Instrument Group to form Kendro. Previously, Mr. Ziegler served as Director, Vice President and Chief Financial Officer of Garrett Aviation Services, a Carlisle Enterprises portfolio company until its sale in 1996.

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