Giving Back 2020
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Giving Back 2020 Our Values in Action Table of Contents Mission and Values 2 CEO Message 3 Our Portfolio Companies 6 Our Colleagues 12 American Securities Foundation 18 2020 Giving Back Day 22 Giving Back Days Through the Years 26 Breadth of Activities 36 GIVING BACK 1 Our Mission Generate superior returns by making investments in great businesses and helping management better them. Our Va lues We maintain the highest personal and corporate ethics through honesty and fair dealing. We are dedicated to a true partnership with our management teams, our colleagues, our investors, and all others who help us achieve our mission. We aim to be respectful in all of our interactions. Our focus is always on the long-term best interests of the companies and investors we serve. We are committed to fostering an inclusive environment that promotes and values diversity. We seek to continuously build human capital. Our success is grounded in hard work and rigorous analysis. We enjoy our work and the relationships that come from it. We hope to make the world a better place by giving back to the communities in which we live and work. 2 AMERICAN SECURITIES CEO Message Our Values are a credo by which we express the type of Firm and people we hope to be. Each individual value is important and expressed in many different ways. This report profiles how our colleagues and the companies with which we partner demonstrate our Giving Back value: “We hope to make the world a better place by giving back to the communities in which we live and work.” COVID-19 had a profound impact on Respect for Diversity, Equity, and the global community in 2020. While Inclusion (DEI) has long underpinned Partnership, Relationships, and Hard our Giving Back value. The original Work are Values we seek to embody investors in American Securities were in our day-to-day efforts, and all the heirs of Julius Rosenwald, who were critical as we managed through was the primary owner and President the early days of the pandemic, they of Sears Roebuck in the early 1900s. also enabled our colleagues and our Julius was an early proponent of portfolio companies to contribute to “giving while you live” and dedicated the universal effort to overcome this the majority of his fortune to charity. pandemic’s challenge. He firmly believed that the racial divide in the United States could The examples contained herein of not be mended unless those with individual and Firm contributions to privilege worked in partnership with the fight against COVID-19 highlight marginalized communities to further only a small portion of the volunteer their progress. Since 2018, we have commitments and philanthropic worked alongside DEI consultants to activities that the greater American implement internal trainings, revamp Securities family undertakes in an external recruiting and internal effort to make the world a better place. review processes, and partner with The companies in which American organizations like SEO, Toigo, and Out Securities’ funds have had the privilege Leadership, among other initiatives. to invest also live this value through We continue to develop actionable DEI their numerous undertakings. goals at the beginning of each year and GIVING BACK 3 believe strongly that these efforts are in 2020, our Shanghai colleagues were maintained and sustained only through able to maintain the tradition while our continuous focus and development. colleagues in the United States found In turn, we formalized Diversity as our other ways to contribute their time to ninth value in June: “We are committed valuable causes. to fostering an inclusive environment that promotes and values diversity.” Since 2017, American Securities has supported a grassroots organization In the spirit of helping others, we providing educational and medical elected to make our annual holiday services to Syrian refugee children contribution to the West Side in Lebanon. Included in this book is Campaign Against Hunger (WSCAH), a profile of the fourth project that which alleviates hunger by ensuring we funded in partnership with that all New Yorkers have access with Refugee Protection International dignity to a choice of healthy food (RPI) and Multi Aid Programs (MAPs) and supportive systems. WSCAH has to support the education of Syrian been at the forefront of innovation refugees in Lebanon. for 40 years, developing the first customer-choice supermarket-style This year has been challenging and pantry in the United States in 1993, unique, but individual and collective which became the model for other actions to help the global community programs across the country. Due to have been inspiring. I hope that you the effects of the COVID-19 pandemic, share our pride in reading this book more than 50 million people may and that each of us will further dedicate have experienced food insecurity in personal time and treasure in service to the United States in 2020, including a others in 2021. potential 17 million children. Since 2017, American Securities colleagues have Sincerely, volunteered and connected further with WSCAH through annual Giving Back Days in New York. We are proud to contribute to this long-time partner Michael G. Fisch addressing a critical need within our Founder & CEO local community. While COVID-19 precluded our annual Giving Back Days in the United States 4 AMERICAN SECURITIES GIVING BACK 5 Our Portfolio Companies The companies in which we have invested share many of American Securities’ values, including Giving Back, and their activities are inspiring. This year, we profile Air Methods, Amentum, BELFOR, Chromaflo, CPM, Emerald, GTL, MW Industries, North American Partners in Anesthesia, and United PF, all of which sought to do their part in easing the burden of COVID-19 within the communities they serve. Air Methods and North American Partners in Anesthesia Air Methods is the largest domestic air ventilator medical transport provider, with 4,500 shortages team members delivering lifesaving care were a major to more than 70,000 people every year. concern. North American Partners in Anesthesia Leveraging (NAPA) is one of the nation’s leading their unique single-specialty anesthesia and positions within the health ecosystem, perioperative management companies, and upon learning of these shortages, serving more than 3 million patients Air Methods clinical teams from air annually in more than 500 healthcare medical bases across the country facilities nationwide. quickly collected 34 portable, critical- care ventilators and shipped them to At the peak of the first wave of the New York, where NAPA delivered them pandemic in New York City in the to a large New York health system. spring of 2020, hospital capacity and 6 AMERICAN SECURITIES “This was a fantastic team effort, from Methods for gathering the ventilators the support of our clinical leadership to support New York and encourage to our supply chain teammates getting others to source solutions to combat the ventilators quickly out the door this global crisis and follow the for delivery to those patients most in example set by Air Methods.” need,” said Air Methods CEO JaeLynn Williams. “And working with NAPA As the pandemic persists, Air Methods was just another example of how this and NAPA continue to lend a hand on country and the medical community the front lines. Air Methods repurposed have worked together to fulfill our teams focused on car accidents and mission of caring for and protecting other emergencies to assist in Imperial our patients.” County, California. Imperial County is a rural and impoverished region in Air Methods operates more than 275 Southern California with a population bases serving 48 states, where its of about 180,000 people and had aircraft function as flying intensive care been a COVID-19 hotspot. At one units around the clock. point, the county was averaging about 900 infections per 100,000 people, “During times of crises, we all must compared with 371 in Los Angeles think outside the box and pursue County during the same two-week every opportunity and relationship period. NAPA employees volunteered to support our communities and our to create COVID-19 intubation and PPE country,” said John F. Di Capua, MD, kits, raised their own funds to provide CEO of NAPA. “We are proud to have PPE to partner hospitals, and traveled partnered with Air Methods as both across the country to provide support our companies played an expanded at locations most in need. role in the fight against the COVID-19 pandemic. We are grateful to Air GIVING BACK 7 GTL GTL is a leader in transformative all we can to help corrections technology that improves prepare individuals outcomes for inmates and facilities. to reenter society GTL offers innovative product solutions and build toward a successful life including offender management after release,” said Deb Alderson, GTL systems, case management systems, President & CEO. “We understand the and inmate phone and tablet systems. importance of communication and also recognize the barriers that lower- At the onset of the pandemic, GTL income and fixed-income families face and more than 400 of its correctional when a loved one is incarcerated.” facility customers implemented changes to inmate communications In September 2020, GTL expanded the practices and rates to ensure that permanent program to cover those in inmates were still able to connect with county jails. GTL’s free communication loved ones during the suspension of program reaches one out of every two in-person visitation. During this time, incarcerated people in the United States GTL (i) provided more than 14 million and the company continues to seek free calls in March and April 2020, (ii) ways to use its products to increase provided more than 5 million minutes of communication in ways that benefit all free video visitation in March and April of the company’s stakeholders.