1) Construction, Engineering, Building Materials & Products Market Monitor I Spring 2016 MOSS ADAMS CAPITAL LLC 

2) Representative Construction Transactions Construction, Engineering, Building Materials & Products 2 MOSS ADAMS CAPITAL LLC 

3) Contents Page CEBM&P Industry Update 4 Public Company Stock Performance & Valuations 5 Recent M&A Activity & Valuations 12 Mid-Market M&A Overview 14 Moss Adams Capital / Moss Adams Overview 15 Contact Information 19 Construction, Engineering, Building Materials & Products 3 MOSS ADAMS CAPITAL LLC 

4) Commercial Construction Continues Bullish Trend; Input Prices Fall Construction Spending Y/Y Growth(1) 35%  Total construction spending continues to rise. Increased industry demand for skilled labor is contributing to increased labor costs. 30% 25% Private Residential Construction 23.5% 20% 15% 10% 5%  Private Residential Construction spending continues to be very strong, with spending up nearly 24%, as compared to the same period in 2015. 0% -5% -10% Total Construction 17.9% Private Non-residential Construction 14.9% Public Non-residential Construction 14.0% -15%  Industry confidence levels among construction executives have declined from their early 2015 highs, as owners and managers believe the current high growth environment is likely to taper off in 2016. (1) Public Residential immaterial. Residential includes single and multi-family housing. 60 day moving average used. Materials and Construction Costs – Y/Y Growth  Raw material component prices declined in 2015 and early 2016 due to increased supply, but growth in demand for concrete, cement, and aggregates have stabilized materials costs. Sources: US Census, Engineering News Record (ENR), and Moss Adams Capital. Construction, Engineering, Building Materials & Products 4 MOSS ADAMS CAPITAL LLC 

5) Public Building Materials & Products Company’s Outperforming S&P • Building Materials, Building Products, and Construction companies continue to outperform the S&P 500 for the last twelve months. • Engineering companies have underperformed the S&P 500 for the last twelve months. • Projected NTM sales growth is lower compared to last quarter for all four of the industry niches tracked by MAC. Last Twelve Month’s Indexed Stock Price Performance 25% 20% Market Performance 15% Building Materials 9.7% 10% Building Products 3.3% 5% Construction -2.6% 0% -5% S&P 500 -3.4% -10% Engineering -3.4% -15% -20% -25% Note: The Construction, Engineering, Building Products & Materials indices are market cap-weighted indices comprised of the public companies included on pages 5-7. Source: S&P Capital IQ Construction, Engineering, Building Materials & Products 5 MOSS ADAMS CAPITAL LLC 

6) Overview of Quarterly Changes to Public Companies  Engineering Firms: While average LTM revenue, EBITDA, and EBITDA margins have declined for most of the Engineering Firms covered in MAC’s Engineering firms Index, projected (NTM) growth expectations for EBITDA have risen. However, given decreased revenue growth expectations for the next twelve months, compared to Q4 2015, the average TTM EBITDA multiple for MAC’s Engineering Firms Index has only slightly increased, from 8.7x to 9.0x, while revenue multiples remain flat.  Construction Firms: EBITDA growth and EBITDA margins of the companies tracked in MAC’s Construction Industry Index have remained flat since Q4 2015. Also, low 2016 EBITDA growth expectations have resulted in average Construction TTM revenue and EBITDA multiples remaining relatively unchanged, at, 0.6x and 8.2x, respectively, since our Q4 2015 report.  Building Materials Firms: Revenue growth over the past quarter remained flat for the Building Materials firms in MAC’s Building Materials Index. EBITDA margins also remained relatively unchanged during the same period. Despite recent slow growth, Building Materials firms are expected to experience additional increases in both revenue and EBITDA during 2016.  Building Products Firms: Building Products firms tracked by MAC have experienced growth similar to that of recent quarters, with some modest improvements in EBITDA margins and sales. Building Products firms have decreased NTM growth expectations from Q4 2015. The combined effect of increased EBITDA margins and decreased 2016 growth expectations have caused TTM revenue multiples to remain flat at 1.3x. Construction, Engineering, Building Materials & Products 6 MOSS ADAMS CAPITAL LLC 

7) Small/Mid-Cap Public Company Valuations: Construction Firms Construction Firm Index 3/8/16 Company Name Quanta Services, Inc NTM Est. Growth TTM Data ($US in millions, except where noted and per share amounts) 52 week Market Enterprise Sh. Price High/Low Cap Value EBITDA Sales EBITDA Margin EV Multiple TTM Sales EBITDA TTM NTM Sales EBITDA EBITDA $21.98 $35.33 / $18.46 $3,231 $3,961 $7,572 $497 6.6% (3.4%) 13.0% 0.5x 8.0x 7.0x Chicago Bridge & Iron 34.88 59.45 / 32.16 4,385 6,317 12,930 1,229 9.5% 9.2% 4.1% 0.5x 5.1x 4.9x EMCOR Group Inc 47.02 48.89 / 39.43 2,840 2,688 6,719 362 5.4% 1.2% 5.7% 0.4x 7.4x 7.0x MasTec, Inc. 18.42 29.41 / 14.48 1,309 2,580 4,208 250 5.9% 5.6% NM 0.6x 10.3x 6.8x Primoris Services Corp 23.00 29.57 / 15.97 1,026 1,346 1,929 136 7.0% 13.2% 28.4% 0.7x 9.9x 7.7x Granite Construction Inc 42.92 39.09 / 28.45 1,275 1,486 2,371 160 6.8% 6.8% 25.6% 0.6x 9.3x 7.4x Dycom Industries Inc 59.14 80.85 / 25.34 2,551 2,527 2,290 307 13.4% 6.7% 11.6% 1.1x 8.2x 7.4x Matrix Service Company 18.74 26.22 / 16.47 612 435 1,321 47 3.5% 13.7% NM 0.3x 9.3x 4.6x Comfort Systems USA Inc 30.36 30.89 / 13.84 1,125 1,084 1,581 113 7.1% 2.9% (11.5%) 0.7x 9.6x 10.9x MYR Group, Inc. 24.90 32.24 / 21.50 462 447 1,062 82 7.7% 4.5% 14.2% 0.4x 5.4x 4.8x Great Lakes Dredge & Dock 3.68 8.73 / 3.78 261 588 857 82 9.6% 4.4% 14.8% 0.7x 7.1x 6.2x Orion Marine Group, Inc 3.79 12.10 / 4.87 133 231 466 21 4.4% 39.3% NM 0.5x 11.2x 3.5x Sterling Construction Co. Inc 5.19 9.24 / 2.23 83 138 624 2 0.4% 5.1% NM 0.2x NM 7.7x Median $1,346 $1,929 $136 6.8% 5.6% 13.0% 0.5x 8.7x 7.0x Average $1,833 $3,379 $253 6.7% 8.4% 11.8% 0.6x 8.4x 6.6x Note: Not meaningful (NM) if EV/Sales is greater than 10x, or EV/EBITDA is greater than 50x. NA if denominator is 0 or not available. NTM figures are based on the median estimate of Wall St. analysts. Source: S&P Capital IQ Construction, Engineering, Building Materials & Products 7 MOSS ADAMS CAPITAL LLC 

8) Small/Mid-Cap Public Company Valuations: Building Materials Building Materials Firm Index 3/8/16 Company Name Vulcan Materials Company NTM Est. Growth TTM Data ($US in millions, except where noted and per share amounts) 52 week Market Enterprise Sh. Price High/Low Cap Value EBITDA Sales EBITDA Margin EV Multiple TTM Sales EBITDA TTM NTM Sales EBITDA EBITDA $102.41 $102.65 / $58.71 $11,878 $15,565 $3,422 $826 24.1% 5.9% 14.5% 4.5x 18.8x 16.5x 151.72 $178.67 / $103.09 9,942 11,491 3,268 767 23.5% 22.1% 23.4% 3.5x 15.0x 12.1x Eagle Materials Inc. 62.37 $94.78 / $65.48 3,378 3,650 1,115 312 28.0% 9.2% 37.2% 3.3x 11.7x 8.5x Headwaters Incorporated 17.64 $21.76 / $11.68 1,470 1,826 914 164 18.0% 4.5% 13.3% 2.0x 11.1x 9.8x US Lime & Minerals 53.27 $76.98 / $45.56 266 243 131 35 26.8% NM NM 1.9x 6.9x NA Median $3,650 $1,115 $312 24.1% 7.6% 18.9% 3.3x 11.7x 11.0x Average $6,555 $1,770 $421 24.1% 10.4% 22.1% 3.0x 12.7x 11.7x Martin Marietta Materials Inc Note: Not meaningful (NM) if EV/Sales is greater than 10x, or EV/EBITDA is greater than 50x. NA if denominator is 0 or not available. NTM figures are based on the median estimate of Wall St. analysts. Source: S&P Capital IQ Construction, Engineering, Building Materials & Products 8 MOSS ADAMS CAPITAL LLC 

9) Small/Mid-Cap Public Company Valuations: Building Products Building Products Index 3/8/16 Company Name Masco Corporation NTM Est. Growth TTM Data ($US in millions, except where noted and per share amounts) 52 week Market Enterprise Sh. Price High/Low Cap Value EBITDA Sales EBITDA Margin EV Multiple TTM Sales EBITDA TTM NTM Sales EBITDA EBITDA $29.15 $28.59 / $21.38 $9,173 $11,748 $7,142 $1,053 14.7% 6.7% 3.9% 1.6x 11.2x 10.7x Owens Corning 45.11 47.90 / 30.82 5,279 7,127 5,350 841 15.7% 4.4% 5.0% 1.3x 8.5x 8.1x USG Corporation 21.66 32.88 / 24.61 3,808 4,765 3,776 522 13.8% 6.2% 19.2% 1.3x 9.1x 7.7x Armstrong World Industries 41.65 60.70 / 44.00 2,847 3,102 2,420 286 11.8% 3.4% 39.7% 1.3x 10.8x 7.8x Simpson Manufacturing 36.01 38.20 / 31.02 1,807 1,498 794 141 17.7% 1.6% 3.3% 1.9x 10.6x 10.3x NCI Building Systems Inc 11.55 20.85 / 9.55 775 1,299 1,611 122 7.6% 4.2% 19.3% 0.8x 10.6x 8.9x Trex Co. Inc 43.70 57.72 / 31.73 1,305 1,320 441 92 20.9% 6.0% 18.6% 3.0x 14.3x 12.1x Universal Forest Products 78.54 72.60 / 46.89 1,429 1,611 2,887 177 6.1% 7.9% 4.9% 0.6x 9.1x 8.7x Builders FirstSource, Inc 9.84 16.69 / 5.18 1,379 2,950 3,564 175 4.9% NM NM 0.8x 16.8x 8.7x Quanex Building Products 17.14 21.93 / 17.03 669 882 719 73 10.2% 9.6% 10.1% 1.2x 12.0x 10.9x Gibraltar Industries 25.73 22.30 / 13.44 682 932 1,041 90 8.7% (0.9%) 0.9% 0.9x 10.3x 10.2x Median $1,611 $2,420 $175 11.8% 5.2% 7.6% 1.3x 10.6x 8.9x Average $3,385 $2,704 $325 12.0% 4.9% 12.5% 1.3x 11.2x 9.5x Note: Not meaningful (NM) if EV/Sales is greater than 10x, or EV/EBITDA is greater than 50x. NA if denominator is 0 or not available. NTM figures are based on the median estimate of Wall St. analysts. Source: S&P Capital IQ Construction, Engineering, Building Materials & Products 9 MOSS ADAMS CAPITAL LLC 

10) Small/Mid-Cap Public Company Valuations: Engineering Firms Engineering Firms Index 3/8/16 Company Name NTM Est. Growth TTM Data ($US in millions, except where noted and per share amounts) 52 week Market Enterprise Sh. Price High/Low Cap Value EBITDA Sales EBITDA Margin EV Multiple TTM Sales EBITDA TTM NTM Sales EBITDA EBITDA Fluor Corporation $50.89 $69.69 / $40.61 $6,575 $6,120 $18,114 $1,116 6.2% 10.6% 9.0% 0.3x 5.5x 5.0x Jacobs Engineering 40.76 49.90 / 36.05 4,870 5,362 11,776 558 4.7% 1.9% 32.9% 0.5x 9.6x 7.2x Teledyne Technologies 88.94 111.81 / 83.08 2,964 3,702 2,298 372 16.2% 2.9% (0.7%) 1.6x 10.0x 10.0x KBR, Inc 14.54 20.77 / 14.00 2,685 1,305 5,096 209 4.1% 1.2% 48.9% 0.3x 6.2x 4.2x AECOM 28.44 35.40 / 24.04 4,405 8,708 18,077 987 5.5% 3.5% 12.5% 0.5x 8.8x 7.8x Stantec Inc 22.26 38.09 / 28.77 2,392 3,111 1,711 210 12.3% NM NM 1.8x 14.8x 8.9x 4.09 5.93 / 2.10 1,283 1,226 3,070 279 9.1% (8.0%) (42.8%) 0.4x 4.4x 7.7x Tetra Tech Inc 28.10 27.84 / 22.98 1,602 1,748 1,703 183 10.7% 4.4% 15.1% 1.0x 9.6x 8.3x CACI International Inc 99.30 92.20 / 70.87 1,993 3,368 3,336 306 9.2% 1.4% 2.8% 1.0x 11.0x 10.7x Tutor Perini Corporation 14.85 29.25 / 14.95 791 1,505 4,920 147 3.0% 8.8% NM 0.3x 10.2x 5.2x VSE Corp 64.67 84.06 / 33.52 232 605 534 77 14.4% (6.5%) NM 1.1x 7.8x NA 3.79 5.01 / 3.32 47 54 64 5 8.4% 5.8% 11.7% 0.8x 10.1x 9.1x Median $2,429 $3,203 $245 8.7% 2.9% 11.7% 0.7x 9.6x 7.8x Average $3,068 $5,892 $371 8.6% 2.4% 9.9% 0.8x 9.0x 7.7x McDermott International Perma-Fix Environmental Note: Not meaningful (NM) if EV/Sales is greater than 10x, or EV/EBITDA is greater than 50x. NA if denominator is 0 or not available. NTM figures are based on the median estimate of Wall St. analysts. Source: S&P Capital IQ Construction, Engineering, Building Materials & Products 10 MOSS ADAMS CAPITAL LLC 

11) Public Building Material Companies Valuations Normalizing    Public Engineering and Construction multiples are holding steady, in the 7-8x EBITDA range, significantly below the overall S&P 500 Index. Public Market Valuations: EV / EBITDA Building Products companies experienced little growth during 2015, and are expected to continue to have low to moderate growth in 2016.  Public Building Material Companies, whose valuation multiples continue to decline from the very high levels of mid2013, are currently trade in the 15-16x EBITDA range – well above the S&P 500 Index. Building Materials companies are expected to experience increased growth in early 2016, leading to an uptick in their trading multiples. Next 12 Months: Estimated Sales & EBITDA Growth 25.00x Market Performance 20.00x Building Materials 15.0x 15.00x 10.00x 5.00x S&P 500 10.6x Building Products 10.2x Engineering 7.7x Construction 7.3x 0.00x Note: The Construction, Engineering, Building Products & Materials indices are market cap-weighted indices comprised of the public companies included on pages 5-7. Source: S&P Capital IQ Construction, Engineering, Building Materials & Products 11 MOSS ADAMS CAPITAL LLC 

12) Selected Small/Mid-Cap M&A Transactions $ in millions Announced Date Acquirer/Investor Target Transaction Value Target Description 2/26/2016 Wildan Energy Solutions, Inc. Genesys Engineering, P.C. Genesys Engineering, P.C. is a power engineering company for facilities and building complexes. 01/08/2016 Zhejiang Hailiang Co., Ltd. JMF Company JMF Company manufactures rough plumbing and HVAC products. Metric $12.56 0.4x Rev $30.00 1/7/2016 Communications Sales & Leasing, Inc. PEG Bandwidth, LLC PEG Bandwidth, LLC provides infrastructure solutions for wireless operators and enterprises. $422.29 12/3/2015 Wood Group, Inc. The Infinity Group. The Infinity Group is an industrial construction and maintenance contractor. $192.00 11/11/2015 Salini Impregilo S.p.A. Lane Industries Incorporated Lane Industries Incorporated offers general contractor services in the United States. $406.00 0.3x Rev 11/1/2015 Team, Inc. Furmanite Corporation Furmanite Corporation, together with its subsidiaries, provides specialized technical services. $359.70 0.7x Rev; 9.9x EBITDA 10/27/2015 Westinghouse Electric CB&I Stone & Webster, Inc. CB&I provides engineering, design, procurement, construction management and other services. $229.00 10/14/2015 Intertek Group plc Professional Service Industries PSI provides consulting engineering and testing services . $330.00 10/12/2015 USD Partners LP Casper Crude to Rail, LLC Casper Crude to Rail develops, constructs, and operates crude oil rail infrastructure. $224.03 8/30/2015 Quanex Building Products WII Components Inc. WII manufactures and sells hardwood cabinet doors, components, and wood products. $248.50 8/27/2015 Oldcastle BuildingEnvelope C.R. Laurence Co., Inc. C.R. Laurence designs, engineers, manufactures, and supplies architectural hardware. 8/11/2015 Ductmate Industries, Inc. Lindab Inc. Lindab develops, manufactures, and markets sheet metal products for the HVAC industry. $10.66 8/7/2015 Dycom Industries Inc. TelCom Construction Inc. TelCom Construction Inc. provides utility contractor services in the United States. $48.60 8/5/2015 Orion Marine Group, Inc T.A.S. Commercial Concrete TAS provides concrete contracting services. 8/5/2015 Revolution Lighting Tech Energy Source Partners, LLC ESP engages in the design, installation, maintenance, and support of solar energy systems. $30.06 7/29/2015 Sioux Chief Manufacturing Watts Water Technologies, Inc Assets relating to Brass Fittings, Brass & Tubular And Vinyl Tubing acquired. $35.50 7/13/2015 CHS, Inc. Northstar Agri Industries, LLC Northstar Agri Industries operates a canola processing plant and refinery. 7/1/2015 NV5 Holdings, Inc. The RBA Group, Inc. RBA offers engineering, architectural, and planning services in the United States. 6/30/2015 CalPortland Company, Inc. Martin Marietta Materials, Inc. Martin Marietta Materials' Cement Business Manufacturing Assets acquired. $420.00 6/30/2015 Team, Inc. Qualspec Inc. Qualspec provides inspection, nondestructive examination, rope access, and specialty services. $265.00 1.6x Rev; 12.5x EBITDA 7.3x EBITDA 1.3x Rev; 8.3x EBITDA 8.0x EBITDA $1,300.00 0.6x Rev $142.83 1.5x Rev $127.00 $17.00 YTD Deal Size Revenue Multiple Transactions Represented High Median Mean Low 20 $1,300.0 $227.5 $139.4 $10.5 8 1.6x 0.6x 0.9x 0.3x 0.4x Rev EBITDA Multiple 5 12.5x 8.3x 8.9x 5.9x Highlighted deals in Overview of Selected Transactions on page 14. Source: S&P Capital IQ Construction, Engineering, Building Materials & Products 12 MOSS ADAMS CAPITAL LLC 

13) Overview of Select Recent Transactions Announced Middle Market M&A Transactions Wildan Group, Inc. (NasdaqGM:WLDN, Oakland, CA) acquires Genesys Engineering (Pelham, NY) 450 February 29th, 2016 Building Products & Materials Construction & Engineering  Wildan Group, Inc. (“Wildan”) announced it intends to purchase Genesys Engineering (“Genesys”) for $13 million (0.4x TTM Gross Revenue). The acquisition is expected to be financed with cash and stock, and is expected to close in early March. 400 127 350  Genesys is a New York based mechanical and electrical consulting and engineering  Wildan has frequently partnered with Genesys in the past and the acquisition provides Wildan with complimentary technical skills and a new group of longterm university and industrial customers. The acquisition also furthers Wildan’s ability to compete in the electrical energy industry, as power systems evolve toward distributed generation and microgrids. Wood Group PSN, Inc. (Houma, LA) acquires The Infinity Group (Clute, TX) December 3rd, 2015  Wood Group PSN, Inc. (“Wood Group”) a subsidiary of John Wood Group PLC, acquired The Infinity Group (“Infinity”), for $192 million (7.3x TTM EBITDA). The transaction is expected to be financed with cash.  Founded in 1952, and headquartered in Clute, Texas, with six additional locations along the Texas Gulf Coast. Infinity is a general contractor providing a range of services, including mechanical construction, fabrication, site preparation, and heavy civil works.  The purchase of Infinity gives Wood Group service line expansion, sector diversification, and entry into the U.S. petrochemical and downstream sectors, along with access to new clientele. 268 300 104 271 93 85 250 252 237 228 233 218 200 196 150 100 23 50 51 0 2008 2009 2010 2011 2012 2013 2014 2015 2016 YTD Note: Middle market M&A includes transactions with EV < $1000mm, and transactions with undisclosed EV. YTD as of March 09, 2016. Sources: S&P Capital IQ , company press releases, MAC Analysis, Reuters Construction, Engineering, Building Materials & Products 120 113 Number of Announced Transactions company providing services for the energy and utility infrastructure of major facilities and large building complexes. 124 131 13 MOSS ADAMS CAPITAL LLC 

14) Middle Market M&A Volume Declines in Q4 after Historic Q1-Q3 2015 • Overall, 2015 was a record year for M&A with transaction values totaling $4.7 trillion, according to Thomson Reuters. • EBITDA multiples in middle market transactions in Q4 2015 averaged 8.3x EBITDA, equal to the 5 year average for this metric and up from Q2 and Q3 2015. • In Q4 2015, U.S. middle market M&A deal volumes declined 15% from Q3 2015, and declined 26% from Q4 2015. • Q4 2015 EBITDA margins of reportable transactions surged also remained consistent with the 5 year average for this metric. Reported EBITDA margins in Q4 2015 were 9%, while the 5 year average for this metric is 8%. • U.S. middle market M&A activity, measured by deal values, remained consistent with prior quarters at $94 billion of aggregate transaction value closed in Q4. U.S. MIDDLE MARKET M&A 1 U.S. MIDDLE MARKET M&A VALUATIONS 2 1) Middle market M&A includes transactions with undisclosed values, and disclosed values where EV < $500 million. 2) Middle market M&A includes transactions with disclosed EBITDA, where EV < $500 million and EV/EBITDA between 3.0x and 15.0x. Note: transactions with disclosed EBITDA represent <5% of all transactions. Source: CapitalIQ. Construction, Engineering, Building Materials & Products 14 MOSS ADAMS CAPITAL LLC 

15) Moss Adams at a Glance: Leadership through Experience and Results Moss Adams Capital LLC Moss Adams LLP • • 100+ years old – Founded in 1913 • Largest accounting firm headquartered in the western U.S. Full-service investment banking and strategic advisor services • Dedicated industry specialists • Focus on privately owned and family-held companies • 2,400 employees in 28 offices • Fully integrated accounting, tax, and business advisory firm • Mergers and acquisitions • Middle-market specialists • Private debt & equity placements • • Mezzanine capital • Due Diligence preparation & advisory The Moss Adams Advantage: Discrete, highly leverageable transaction resources and services International Presence • Construction, Engineering, Building Materials & Products Major market affiliates throughout the U.S. and more than 100 countries around world 15 MOSS ADAMS CAPITAL LLC 

16) Expert Teams INDUSTRY KNOWLEDGE MATCHED WITH AN EXPERIENCED TEAM • Senior Level Attention • Commitment to our Clients • Professional Excellence • Objective & Independent Advice • Creating Value for Owners • Global Presence & Capabilities Premier accounting and financial services advice for middle market construction, engineering, building material & products companies. Construction, Engineering, Building Materials & Products 16 MOSS ADAMS CAPITAL LLC 

17) Moss Adams Capital Overview Full Service Mid Market Investment Bank Corporate Finance Comprehensive Industry Coverage  Capital Placement – Equity and Debt Aerospace, Defense & Government Services Food, Beverage & Agriculture Healthcare Services & Products Infrastructure & Construction Paper, Plastics, & Packaging Real Estate, Lodging & Leisure  Exclusive sales and divestitures Business & Marketing Services Industrials / Niche Manufacturing  Strategic alternatives assessment Automotive & Dealer Services Consumer, Retail & Apparel  Merger and acquisition advisory Technology, Communications, & Media Transportation & Logistics  Strategic planning  Management buy-outs  Recapitalizations  Fairness opinions  Restructuring and special situations advisory Highlights and Accomplishments  Completed more than 250 transactions  Access to key decision-makers among institutional investor universe  Coverage of relevant strategic partners  Average of 20 years of investment banking experience among senior leaders Construction, Engineering, Building Materials & Products 17 MOSS ADAMS CAPITAL LLC 

18) Global Reach A founding member of Praxity, AISBL, a global alliance of independent accounting firms, Moss Adams gives you access to trusted expertise in over 100 countries and territories around the world. Europe Austria, Azerbaijan, Belgium, Bosnia-Herzgovina, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Jersey, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Russia, Serbia, Slovakia, Slovenia, Spain, Sweden, Switzerland, Turkey, United Kingdom, Ukraine North America Canada, United States Asia Bangladesh, China, Indonesia, Japan, South Korea, Malaysia, Singapore, Taiwan, Thailand, Vietnam Middle East and Indian Subcontinent Latin America and Caribbean Argentina, Bermuda, Brazil, Cayman Islands, Chile, Colombia, Costa Rica, Dominican Republic, El Salvador, Guatemala, Honduras, Jamaica, Mexico, Nicaragua, Panama, Peru, Puerto Rico, Uruguay, Venezuela Construction, Engineering, Building Materials & Products Africa Angola, Benin, Botswana, Cameroon, Cape Verde, Djibouti, Egypt, Ghana, Ivory Coast, Kenya, Lesotho, Madagascar, Mauritius, Morocco, Namibia, Nigeria, Senegal, South Africa, Tunisia 18 Bahrain, India, Israel, Jordan, Kuwait, Lebanon, Oman, Pakistan, Palestinian territories, Qatar, Saudi Arabia, Sri Lanka, Tajikistan, United Arab Emirates Australasia Australia, New Caledonia, New Zealand MOSS ADAMS CAPITAL LLC 

19) Contact Us Contributing Authors James Rothenberger Vice President (206) 302-6777 james.rothenberger@mossadams.com Wiley Kitchell Managing Director (206) 302-6780 wiley.kitchell@mossadams.com Daniel Seubert Analyst (206) 302-6775 daniel.seubert@mossadams.com Moss Adams Capital LLC 999 3rd Avenue Suite 2800 Seattle, WA 98104 2040 Main Street Suite 900 Irvine, CA 92614 Richard Anderson Managing Director (949) 221-4006 rich.anderson@mossadams.com Tyler Dale Vice President (949) 221-4030 tyler.dale@mossadams.com Andrew Suen Vice President (949) 517-9428 andrew.suen@mossadams.com Harman Wales Managing Director (206) 302-6770 jet.wales@mossadams.com Robert Miranda Vice President (949) 221-4021 robert.miranda@mossadams.com Bradley Erhart Associate (949) 517-9452 bradley.erhart@mossadams.com Brandon Clewett Director (949) 512-9470 Brandon.clewett@mossadams.com Scott Porter Vice President (206) 306-6326 scott.porter@mossadams.com James Parr Analyst (949) 221- 4099 james.parr@mossadams.com Construction, Engineering, Building Materials & Products 19 MOSS ADAMS CAPITAL LLC