Management Team Expanded Team
Management Team

The EFO Private Equity management brings together individuals with extensive investment and operating expertise as well as diverse industry knowledge and experience. The Private Equity group frequently taps a wide array of resources at EFO Holdings - resources normally found in much larger investment firms - for portfolio company assistance and investment support.

William P. Esping, Managing Partner, Managing Director and a principal of the Manager. Mr. Esping is responsible for the origination, structuring, and monitoring of transactions. Mr. Esping is the co-founder and Managing Partner of EFO Holdings, L.P., a private investment company in Dallas, Texas with assets under management in excess of $300 million. Mr. Esping currently is responsible for the day-to-day management of EFO including the origination, structuring and monitoring of private equity transactions. EFO has a diversified portfolio of investments in private and public companies and real estate properties. Prior to founding EFO Holdings, Mr. Esping was the operating officer of J and L, Inc., a high-end fashion, apparel company. Mr. Esping has served as a director on numerous boards in the past and currently serves as a director for three of EFO.s portfolio companies: Melbourne Greyhound Park, LLC, Palm Beach Tan, Inc. and Laser Spine Institute, LLC. Mr. Esping received his B.S. in business administration from Southern Methodist University.

Ballard O. Castleman, Managing Director and a principal of the Manager. Mr. Castleman is responsible for the originating, structuring and monitoring of transactions. Mr. Castleman is a partner at EFO and is responsible for managing the day-to-day activities of EFO.s private equity investments including the originating, structuring and monitoring of transactions. Prior to joining EFO in 1997, Mr. Castleman was with Heller Financial's Corporate Finance Group (1995-1997), most recently as a Vice President, where he was responsible for originating, underwriting, and structuring leveraged debt and mezzanine transactions of private buy-outs and acquisitions. Prior thereto, Mr. Castleman was in merchant banking with BNP Paribas and in operations with a privately-held steel fabricator. He has served as a director on numerous boards in the past and has served on the Advisory Board for two private equity investment partnerships of CHB Capital Partners. Mr. Castleman currently serves as a director for five of EFO.s portfolio companies: Waste Corporation of America (NASD: WCAA), Navigator Communications, LLC, NTE Aviation, Ltd., Stampede Holdings, Inc. and Melbourne Greyhound Park, LLC. Mr. Castleman received an M.B.A. from the University of Texas at Austin, McCombs School of Business and a B.A. from Vanderbilt University.

Robert Payne Lancaster, Jr., head of EFO.s public equity investment activities and a partner of EFO. Mr. Lancaster is responsible for the management and oversight of EFO.s public equity investment activities. Prior to joining EFO in 1998, Mr. Lancaster most recently worked as an investment professional at Richmont Capital, the investment arm of Mary Kay Cosmetics, and prior thereto as an investment professional working for Mario Gabelli. Mr. Lancaster has served on the board of several private and public compaies including Waste Corporation of America (NASD: WCAA). Mr. Lancaster received his M.B.A. from the University of Texas at Austin, McCombs School of Business and a B.A from Vanderbilt University.

Robert P. Grammen, a partner of EFO and the Manager of EFO's Florida office is responsible for the origination, analysis, structure and execution of direct debt and equity investments. Prior to joining EFO in 1999, Mr. Grammen served as a Vice President of International Trading Group focusing on the purchase, restructure and sale of distressed municipal bond debt, and prior thereto as a Vice President of Landbase, Inc. (1987-1994) working in 13 countries as a resort development investment banker. Mr. Grammen served as a director and principal of several EFO portfolio companies including Laser Spine Institute, LLC, Cypress Lending Group, Ltd., Family Access Exchange, and Melbourne Greyhound Park, LLC. Mr. Grammen received his B.A. in Economics from Bethany College and conducted advanced business studies in Oxford, England.

Julie Krupala, Ms. Krupala is responsible for directing the day-to-day operations of EFO and providing financial oversight. In this capacity, her responsibilities include policy formation, business planning and quality control with respect to the services rendered by EFO. Prior to joining EFO in 1999, Ms. Krupala was Financial Reporting Manager for Pillowtex Corporation, a billion dollar publicly-traded home textile manufacturer. Ms. Krupala was responsible for consolidating multi-subsidiary locations, SEC reporting and system consolidations. Preceding Pillowtex Corporation, Ms. Krupala held various positions with Lane Gorman Trubitt, LLP, a public accounting firm. She is a CPA and holds a B.B.A. from The University of Texas at Arlington.

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