MEP was formed under the laws of the State of Delaware in May of 2006. Founded in 2007, MEP is a successor to Cravey, Green & Wahlen, Inc. which was founded in 1984. MEP is owned by its executives (and/or their respective estate planning vehicles), and an unaffiliated institutional investor, none of which own greater than 25% of the Company. MEP provides investment management services and investment advice to MSouth Equity Partners II, L.P., and MSouth Equity Partners III, L.P., and MSouth Equity Partners IV, L.P. (the “Funds”) through entities controlled by or under common control with MEP which serve as the general partners of the Funds (together, the “MEP Affiliates”). The Funds are private investment vehicles organized to make private equity investments in lower middle market companies located primarily in the Southern United States (the “South”). MEP generally considers the South to be comprised of Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Maryland, Mississippi, North Carolina, Oklahoma, South Carolina, Tennessee, Texas, Virginia and West Virginia. Investment management services and investment advice are provided directly to each Fund and not individually to the investors of the Funds. MEP manages the assets of each Fund in accordance with the terms of the governing documents (and other related documents) applicable to each Fund (the “Fund Documents”). The Company’s strategy for the Funds generally is to acquire controlling interests in management buyouts of lower middle market companies in the South. MEP expects to invest primarily in business services, healthcare services, media & telecom, specialty distribution and niche manufacturing companies whose strategies permit

growth rates above those of their respective underlying industries. MEP primarily targets businesses that have sustainable and leverageable cash flows, readily understandable business models and a defendable product, service or market position. The businesses are often in mature industries that MEP believes possess unrealized growth opportunities. In addition to investing in established companies, MSouth will continue to evaluate, in partnership with experienced management, opportunities to build companies starting initially with a small business that can be grown through add-on acquisitions as well as organic growth over the investment's holding period. MEP originates and recommends investment opportunities for the Funds, identifies, structures, monitors and evaluates portfolio investments, recommends the manner and timing of dispositions of portfolio investments and provides such other services (including certain administrative services, such as periodic reporting, performed in connection with the operation of the Funds) related thereto as are set forth in the Fund Documents. The Funds are structured as limited partnerships. Limited partnership interests in the Funds are not registered under the Securities Act of 1933, as amended (the “Securities Act”), and the Funds are not registered under the Investment Company Act of 1940, as amended (the “Investment Company Act”). Accordingly, limited partnership interests in the Funds are offered and sold exclusively to investors satisfying applicable eligibility and suitability requirements in private transactions within the United States. The Funds have regulatory assets under management of approximately $1.563 billion as of December 31, 2023.