We are a newly organized blank check company. Our sponsor is an affiliate of the Yucaipa Companies, a premier investment firm that has established a record of fostering economic value through the growth and responsible development of companies. Founded in 1986 by Ronald W. Burkle, the firm has completed mergers and acquisitions valued at more than $40 billion in numerous sectors including retail, logistics, hospitality and entertainment. As an investor, Yucaipa works with management to strategically reposition businesses and implement operational improvements, resulting in value creation for investors. Yucaipa has over 40 employees and over 20 investment professionals and has had proven success at building market leaders and industry consolidation. While we do not consider ourselves to be sector-focused, we have historically focused, and expects to continue to focus, on industry sectors where our investment team and operating and governance personnel have established expertise and competitive advantages. We will utilize many of the strategies and techniques that have proven successful in the past.