Penhall Company Appoints Lynn Schrier-Behler as Chief Financial Officer

Penhall Company (Penhall or the Company), the market leader in concrete cutting, coring and removal services, today announced the appointment of Ms. Lynn Schrier-Behler as Chief Financial Officer. Ms. Schrier-Behler will succeed Mr. Bruce Lux, who will be leaving the Company to pursue other opportunities.

Ms. Schrier-Behler has more than 28 years of experience in leadership roles for several public and private companies as well as major management consulting firms. She is a seasoned CFO with more than 17 years of experience in leading the Finance & Accounting function.

Ms. Schrier-Behler was most recently Managing Director for Laurel Management & Consulting Services LLC, a consulting firm providing management consulting and executive advisory services in both the federal and private sectors. Prior to joining Laurel, Ms. Schrier-Behler was the North American Regional CFO for WS Atkins plc, a London-based global design, engineering, and project management consultancy firm. Before that, Ms. Schrier-Behler was SVP, Finance and CFO for Parsons Transportation Group, a business unit of Parsons Corporation. Ms. Schrier-Behler graduated from University of Miami (FL) with an MBA in Finance and has been published in the Quarterly Review of Economics and Business.

I am excited to join Penhall, which has a great brand and a rich history. said Ms. Schrier-Behler. I look forward to being part of the executive team and working with our exceptional employees.

Mr. Jeff Long, CEO for Penhall, added Lynns consultative approach and emphasis on process improvement and business transformation will help continue to strengthen and grow our business. Mr. Long added: Id like to thank Bruce for his contributions to Penhall over the past eight years, which have included assisting with the refinancing of the business, the majority investment by Centerbridge Partners, and the acquisitions of Concrete Coring of Hawaii, Graff and SGG.

About Penhall Company

Founded in 1957, Penhall Company is a market leader in concrete cutting, sawing, drilling, breaking, scanning and related concrete construction services. Serving customers nationwide with the newest fleet and equipment available, Penhall continually invests in emerging specialty technologies and capabilities. Spanning 41 locations in 21 states and Canada, Penhall employs 1,300 professionals, who are dedicated to upholding a safe workplace, providing superior service to our customers, and meticulously maintaining the equipment.

About Centerbridge

Centerbridge Partners, L.P. is a private investment firm based in New York City and currently has approximately $ 25 billion in capital under management. The firm focuses on private equity and credit investments. The firm is dedicated to partnering with world-class management teams across targeted industry sectors to help companies achieve their operating and financial objectives.


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