Fred Beilstein Sr.

Beilstein is currently a Founder and Managing Partner of Equicorp Partners, LLC, a private investment and advisory firm. He most recently served as Vice Chairman and Chief Financial Officer for Goldco, LLC, a 110 unit Burger King franchise headquartered in the Southeast. Goldco, LLC, is currently a portfolio company of PNC Riverarch Capital.

Beilstein served as a Director, President and Chief Executive Officer of Townsends, Inc. a $500 million in sales, 3,000 employee poultry processing company headquartered in Delaware. He was asked by its lenders to join the Board and to assume the CEO role as a result of the company’s default under its credit agreements. He spearheaded the effort to sell the company through a 363 bankruptcy sale, achieving an enterprise value much higher than that anticipated because of the very difficult industry environment caused by extremely high domestic grain costs.

He is also the former Chief Financial Officer of AFC Enterprises, one of the world’s premier restaurant and specialty beverage companies. AFC was the franchisor and operator of Popeyes® Chicken & Biscuits. At the request of the AFC board, he returned to AFC in March 2007 to serve as Interim Chief Executive Officer until the appointment of a permanent CEO in November 2007.

As Chief Financial Officer, Beilstein oversaw the Company’s financial matters and was responsible for determining and implementing the most effective strategies for AFC to leverage its financial flexibility and maximize shareholder value. These strategies included a significant refinancing, the sale of all but one of the operating companies, and the payment of a one-time dividend to shareholders as a result of the cash generated through the restructuring.

Beilstein joined AFC with considerable financial and transaction-related experience, having first been the CFO of Days Inn of America, where he was instrumental to the company’s initial public stock offering, private debt placements and public debt offerings. Following that responsibility, Blackstone Capital Partners, L.P. recruited Beilstein to critically evaluate Edgcomb Metals Company where he served as CFO and eventually spearheaded the sale of the business to Usinor Sacilor, a French steel

company. Beilstein then became Treasurer and CFO of The Actava Group Inc. (formerly Fuqua Industries, Inc.), a diversified holding company with interests in the manufacturing and service industries, where he drove the company’s acquisition and divestiture related activities. He then became President and COO of the ERA Real Estate Division of Cendant Corporation assuming management responsibility of ERA that included the oversight of franchise support and sales initiatives. Beilstein was then recruited by Kelso & Company to become CFO of URS Logistics. His focus was to strategically sell the business to Vornado Realty Trust and Crescent Real Estate Equities, and then to combine the business with Americold Corporation, a second acquired business by Vornado and Crescent. He then orchestrated two strategic add-on acquisitions thus forming the largest refrigerated warehouse/logistics company in North America.

Prior to joining AFC, Beilstein had been the Principal and founder of Beilstein & Company, a financial and operational consulting practice with concentration in advising companies on strategic issues such as refinancing and recapitalization opportunities. One of his clients included Americold Logistics, LLC. Beilstein holds a Bachelor of Science degree in accounting from Benjamin Franklin University, now a part of George Washington University, and is a Certified Public Accountant.