Daniel Kipp Email & Phone Number

Centrica is a UK based Global Residential, Commercial & Industrial Energy & Services company which operated in North America as Direct Energy prior to the sale to NRG in May 2021. Direct Energy focused on building a residential home services capability to expand capabilities to its 3m energy customers in North America, similar to what Centrica achieved in the UK with British Gas Energy & Services. After selling RSG to Centrica in 2004 (see below), we acquired Maintenance, Repair, Replacement and Home Warranty capabilities in the US and integrated those capabilities onto a common platform. This resulted in $1.2b of branded end customer revenue through owned and franchised operations under the One Hour Heating & Air Conditioning, Benjamin Franklin Plumbing, Mister Sparky Electric, Home Warranty of America Protection Plans and Airtron HVAC New Construction brands. 2004 to 2011: Reviewed ~ 50 potential acquisition candidates, closed and integrated eleven of these candidates (including two transformational acquisitions) and divested / shutdown eight non-strategic businesses to minimize losses in the HVAC New Construction business during the 2008 financial crisis. Acquired businesses represented ~ $500m in annual branded revenue at time of acquisition.2012 to 2014: Led Information Technology, Success Group International (Affinity Membership), Buy Max (Procurement), Success Academy (Training), Success Ware 21 (Software) and the National Call Center business units supporting owned, franchised and affinity businesses. Led cost optimization initiative across the North American services business representing ~ $25m in annual savings. 2015 to 2019: Migrated 6 of 8 acquired software platforms to Microsoft Dynamics AX and Hitachi Field Service Automation. Standardized business processes and transformed sourcing and supply chain activities across the enterprise to support this initiative.

RSG was formed to acquire the Residential HVAC & Plumbing New Construction, Maintenance, Repair & Replacement business operating in the Midwest, Mid-Atlantic, Southeast and Central United States, from Encompass Service Corporation in June 2003 (see below). Wellspring Capital Management was the private equity partner. Reported directly to the CEO with P/L responsibility for the Residential HVAC Maintenance, Repair & Replacement business representing ~ $60m in annual revenue. Grew the business 10% while focusing accountability on net maintenance plan growth (thereby allowing technicians to be in more homes to capture repair & replacement opportunities), rationalizing pricing and bringing consistent processes / tracking across the portfolio to identify low performers and take corrective action. Shoring up the HVAC services business to align with the highly profitable HVAC new construction business ultimately solidified value in the sale of RSG to Centrica, plc in October 2004 (see above).

Commercial, Industrial & Residential HVAC, Plumbing & Electrical New Construction, Maintenance, Repair & Replacement Services throughout the US.ESC was formed in February 2000 through the merger of GroupMAC (see below) and Building One Services Corporation (“Building One”), creating a NYSE Fortune 500 company with revenue approaching $4.0b. Apollo was the PE partner. GroupMAC & Building One were both start-up and NYSE listed businesses formed in October 1996 & November 1997, respectively, to consolidate the highly fragmented facilities services industry. ESC operated in over 250 locations from acquisitions completed by GroupMAC & Building One over a 3-year period from 1997 to 2000. Due to the convergence of many events, ESC filed Chapter 11 in November 2002 and emerged in May 2003.Reported directly to the CEO as part of a 5-member senior management team. Focused on the integration & operation of the combined portfolio of ESR. Most accountabilities included consolidating disparate functions in all acquired businesses to a consolidated platform within ESC:IT: Accountable for applications development & technical infrastructure for 7,400 users. Implemented Hyperion, HRizon, Frame Relay WAN, Microsoft Enterprise Agreement, Microsoft Exchange and standard VPN for all the acquired businesses & JDEdwards for the $300m Cleaning Systems business.People: Accountable for all aspects of HR including leadership development, top-grading, accountabilities planning & review, training & development, compensation & benefits, and employee & labor relations for 31,000 employees.Risk / Safety: Accountable for property & casualty insurance, $500m bonding line, accident prevention & claims management. Corporate Communications: Developed the internal and external communication strategy for the Chapter 11 filing.Restructuring & Chapter 11: Worked directly with outside restructuring firm & bankruptcy attorneys. Sold the Residential business to RSG in June 2003 (see above).

Residential, Commercial & Industrial HVAC, Plumbing & Electrical New Construction, Maintenance, Repair & Replacement Services throughout the United States.Reported directly to the CFO as one of the first 10 employees of GroupMAC, leading all Accounting and Information System functions and supporting the following significant activities during the rapid acquisition of the portfolio:Initial Public Offering: $100m in November 1997 completing 11 acquisitions prior to and 13 acquisitions in connection with the IPO, generating $320m in annual revenue. Led the acquisition (diligence through closure) of the 3 largest of the 24 companies representing $180m of this revenue. Raising Capital: Increased credit facility capacity four times (from $175m to $800m) and a $130m high yield transaction (including rating agency interaction & support) for acquisition growth .Acquisition Integration & Corporate Function: Integrated 60+ acquisitions after the IPO and growing to $1.5b in annual revenue. Developed the corporate infrastructure to support these businesses from completion of the first acquisition in May 1997 through the merger with Building One.SEC Compliance: Completed numerous initial and periodic filings including Form S-1 IPO filing, several Form S-4 filings, Form 10Q and 10K filings, and all filing requirements for the merger of GroupMAC and Building One. Software Deployment: Implemented Hyperion & Ceridian software for all acquisitions to consolidate financial and payroll data to meet reporting & administration requirements.

Technology & Insurance Services to the Mortgage Banking Industry in the United States. Prior to the sale to ZC Sterling in 1998, ASC was a leading provider of outsourced hazard insurance tracking services and forced place insurance to mortgage servicers to meet their regulatory obligation to ensure borrowers maintain homeowner’s insurance to protect underlying collateral. With clients from the Top 100 mortgage servicers, ASC monitored insurance on 6 million loans. Established and managed executive level relationships, securing new business of $40m in revenue & $5m in pre-tax profits over the contract term, utilizing a consultative sales approach over a 12-to-36-month sales process.

Environmental Services. ARI was the largest glass recycler and powdered glass processor in the United States with 25 processing facilities serving manufacturers of fiberglass insulation, highway glass beads and bottled glass. Reported directly to the President as part of a decentralized top management team of three individuals (President, COO and VP Finance) responsible for strategy, operations, and growth. Led all finance and administrative functions. Business tripled in revenue during this period through internal expansion, an exclusive partnership with Owens Brockway to provide all recycled glass requirements to four California glass bottle plants and completion of four strategic acquisitions. Assumed P/L responsibility for seven West Coast facilities during 1993 resulting from the termination of the President, COO and five other key employees involved in illegal business practices. Reported directly to the Chief Operating Officer of Allwaste, Inc. and maintained all financial and administrative duties during this period. Assisted the Federal Bureau of Investigation in the conviction of the President / COO. Designated 1993 Employee of the Year for this effort.

Global Public Accounting Firm. AA was formerly one of the “Big Five” global accounting firms providing auditing, tax, and consulting services. Managed numerous public and private client engagements including a $1.3 billion multinational conglomerate requiring technical assistance in various complex areas. Responsibilities included consulting top management regarding the financial considerations of business acquisitions and dispositions, evaluating management information systems and financial controls, auditing / reviewing financial components of annual reports to shareholders, public offering documents and SEC filings and communicating effectively with investment bankers, attorneys and all levels of management and the board of directors.