3 North Concrete Asset Sale3 North

3 North The People

Mike Popp, Ric Popp and Andrew Ferris have teamed up to acquire the

assets of 3 North Concrete. 3 North focuses on conveying concrete for

Wind turbine foundations. The assets of 3 North consist of 18 Putzmeister

Telebelts, 2 mobile repair trucks, and 2 mobile vulcanizing units(used to fuse

the belts together in the field).

Mike Popp has been in the concrete business for over 30 years. Starting with

Grayhawk Construction, Mike placed concrete for many different residential and

commercial projects. In 2012, Mike purchased Meyer Concrete Pumping. Starting

with 3 pumps and now running 30 pumps, Meyer Covers GreenBay to Chicago to

Southern Michigan.

Ric Popp, Mike’s son, has been brought into the business to help modernize and

control back office functions. 3 North and Meyer will be combining HR, clerical and

accounting functions under Ric’s control.

Andrew Ferris has 20 years of experience building residential and commercial

structures. Some of these were built by Grayhawk construction. The last 8 years have

been spent as Director of Operations for a tier one auto parts manufacturer for

underbody structures, overseeing 1500 employees and $400m in revenue.

3 North Fleet

Fleet Statistics

• Average age of fleet is 9 years old

• 3 older units have been repowered in the last 2 years

• 7 units are 2016 or newer

• 2 Putzmeister 130’s are on order for delivery in July 2022 to take the fleet total to 20

• 14 Units are Putzmeister 110’s

• 4 Units are Putzmeister 130’s

Repair Facility

• All units are brought back to Milwaukee during the down months for refurbishment

at our repair facility

• 30,000 sqft. With overhead crane. We are capable of full rebuild on all of our units

3 North Co Competitive Adv.

3 North Competitive advantage

• Current reputation for having the best equipment in this field

• Largest owner of telebelts (specialized equipment for turbine foundations)in North America

• 2 mobile repair trucks for increased up time

• 2 mobile vulcanizing units for repairing belts

• With the largest fleet in the country, spare units can be stationed strategically to limit downtime on the job

3 North Past and Current Work

2021 Work

IEA

• Alto

• Ranchland

• Jayhawk

• Plymouth

• Panorama

• Argonne

White

• Lincoln

• Glacier

• Shady Oak

• Heartland

Barton Malow

• DTE

• FRW

2022 Work in Progress

IEA

• 7 Cowboy, Dill City Ok

• Castle Gap, Goldthwaite TX

• Ames IA, starting soon

Blattner

• Edmonton, Garden City TX

White

• Sapphire Sky, Leroy IL

• Deerfield, Deerfield MI