MINNEAPOLIS (July 10, 2018) — Yukon Partners (“Yukon”), a provider of mezzanine capital for middle market private equity transactions, is pleased to announce that it has partnered with Grey Mountain Partners (“Grey Mountain”) in its investment in 48forty Solutions (“48forty” or the “Company”), formerly a division of Brambles and formerly known as CHEP Recycling.

Headquartered in Atlanta, Georgia, 48forty is the largest whitewood pallet recycler in North America, recycling over 90 million pallets annually across its network of 73 company locations and more than 225 network facilities. 48forty has approximately 2,400 employees and serves over 2,700 customers, including manufacturers, distributors and retailers in the distribution & logistics, food & beverage, packaging, durables, and non-durables industries. The Company sources used pallet “cores” from the end of supply chains, repairs the pallets, and then re-sells them to manufacturers/distributors at the top of the supply chain.

Yukon provided mezzanine capital to facilitate the transaction and acquired a minority equity interest. Dorsey & Whitney LLP served as legal counsel to Yukon.

Bill Ross, Vice President of Grey Mountain commented, “We are excited to partner with Yukon and appreciate their flexible approach as the Company enters its next phase of growth as a standalone business outside of Brambles. We believe 48forty’s reputation as the industry leader and commitment to customer excellence will position the Company nicely for continued, profitable growth.”

Aaron Arnett, Principal of Yukon, added, “We are looking forward to partnering with Grey Mountain, as well as with the management team at 48forty, to support the Company in further penetrating the North American recycled whitewood pallet market. The Company’s diverse customer and supplier base, and network of over 225 facilities across the United States and Canada, are key differentiators relative to competitors, allowing the Company to provide a comprehensive one-stop-shop solution for both national and regional customers.”

About 48forty

48forty is the largest whitewood pallet recycler in the North America, recycling over 90 million pallets annually. The Company is headquartered in Atlanta, GA, and has 67 locations in the U.S. and 6 locations Canada, with approximately 2,400 total employees. The Company purchases used whitewood pallets, repairs them, and then re-sells the pallets to manufacturers and distributors. For more information about 48forty, please visit www.48forty.com.

About Yukon Partners

Yukon Partners is an independent and unaffiliated junior capital provider, primarily serving middle market private equity sponsor led business transactions in the U.S. and Canada. The transactions in which Yukon invests include buyouts, growth and platform strategies, recapitalizations, mergers/acquisitions, and public-to-private buyouts. Yukon typically invests $10 to $50 million per transaction and currently manages approximately $1.2 billion across three funds. Yukon Partners is based in Minneapolis, Minnesota. For more information, please visit www.yukonpartners.com.

About Grey Mountain Partners

Grey Mountain Partners is a Boulder, Colorado-based private equity firm that focuses on partnering with management teams to create lasting value through operational improvements and by supporting strategic growth initiatives. The firm invests in lower middle-market companies across a wide range of industries and has approximately $700 million of assets under management. For more information about Grey Mountain Partners, please visit www.greymountain.com.

For more information, please contact:

Aaron Arnett

Principal

Yukon Partners

612-435-7820