Celebrating growth in the Carolinas. February 16, 2026 Feyen Zylstra is excited to announce two well-deserved leadership promotions within its Carolinas region - reflecting its continued growth, its commitment to developing strong leaders, and the bright future ahead for its Charleston and Charlotte teams. Mark Dornsife Promoted to Vice President of Sales and Operations - Carolinas Join Feyen Zylstra Corp. in congratulating Mark Dornsife on his promotion to Vice President of Sales and Operations for the Carolinas. Mark has led its Charleston branch for nearly a decade, playing a pivotal role in strengthening its foundation, expanding capabilities, and cultivating a strong, values-driven team culture. His leadership has directly influenced the branch's sustained growth and operational success. In recent years, Mark's contributions have extended beyond Charleston as he played a key part in expanding FZ's presence into Charlotte, helping establish and grow its operations in this new market. His vision, industry knowledge, and steady leadership continue to position FZ as a trusted partner throughout the Carolinas. In his new role, Mark will oversee both the Charleston and Charlotte branches, ensuring continued success, alignment, and strategic growth across the region. Troy Myers Promoted to Director of Sales and Operations - Charleston Region Feyen Zylstra Corp. is also thrilled to announce that Troy Myers has been promoted to Director of Sales and Operations for the Charleston region. Troy has been a dedicated member of Feyen Zylstra for more than eight years, consistently exemplifying what it means to live out FZ's core values and champion the FZ Way processes. His leadership, work ethic, and unwavering commitment to its customers and team members have significantly shaped the success of its Charleston branch. Throughout his tenure, Troy has played a key role in strengthening customer relationships, driving operational excellence, and supporting the development of his teammates. His strategic mindset and dependable leadership style have been instrumental in accelerating growth in one of FZ's most rapidly expanding regions. In his new role, Troy will oversee all sales and operational activities in Charleston, ensuring Feyen Zylstra Corp. continue to deliver exceptional service, execute on company objectives, and expand market presence. Additionally, Troy will join the corporate leadership team, further contributing to FZ's long-term strategy and organizational vision. At Feyen Zylstra, Feyen Zylstra Corp. believe strong leadership fuels strong teams - and these promotions reflect not only individual achievement but its ongoing investment in building a thriving, sustainable future for its employees, customers, and communities. Feyen Zylstra Corp. is proud of Troy and Mark and excited to see the impact they will continue to make.

Building & Infrastructure Services Q4 2025 report. Infrastructure services M&A in the middle market accelerated into year-end 2025 as improving capital conditions met sustained demand for mission-critical, recurring service models. While late-year rate cuts improved financing sentiment, buyers remained disciplined, prioritizing businesses with recurring or contracted revenue, clear pricing mechanisms, and defensible market positions. Infrastructure adjacent subsectors, particularly facilities services, electrical and mechanical trades, power-related services, and data-center-driven maintenance and reliability work, continued to command outsized interest due to long-term tailwinds tied to energy demand, digital infrastructure, and deferred capital spending across commercial and industrial assets. At the same time, transaction execution reflected a more mature and selective market. Buyers focused heavily on backlog quality, customer concentration, labor availability, safety and compliance practices, and insurance exposure, often favoring companies that demonstrated operational rigor and scalable processes. Valuations stabilized at normalized levels, with premium outcomes reserved for differentiated platforms rather than growth-at-any-cost stories. Deal terms were often structured thoughtfully to balance valuation expectations and perceived risk between buyers and sellers, underscoring a pragmatic approach to risk-sharing. Overall, Q4 2025 reinforced a clear theme: well-prepared infrastructure services businesses with resilient cash flows and strong operational fundamentals remained in high demand, while thoughtful positioning and readiness increasingly shaped successful outcomes. Market activity. Building & Infrastructure Services M&A activity. * The 4th Quarter showed a slight slowdown of 5% of M&A activity compared to the previous quarter but still maintained a large number of transactions for the quarter with 340 recorded closings in Infrastructure Services. * Engineering & Construction (E&C), along with Residential and Commercial Service companies represented the largest amount of activity for the quarter. E&C saw an increase in transactions by 11% with 80 transactions in the last quarter. Electrical and mechanical engineering firms making up a large portion of activity as strategic and financial investors are continually attracted to essential service characteristics. * Residential and Commercial service companies increased in activity in Q4 with 86 recorded closings for the quarter representing an 34% increase over the last quarter.Investors are not slowing down on service-based companies like HVAC, landscaping, security, pest and recurring revenue service business highlighting the nationwide emphasis on outsourced maintenance services and the fragmented nature of these markets. Activity is expected to continue in the coming years among existing investors and new investors getting into the space. * Comfort Systems USA, Inc. (NYSE:FIX) continues to expand its footprint with its acquisitions of Feyen Zylstra, LLC located in Grand Rapids, MI and Meisner Electric, Inc. in Boca Raton, FL. Overall, the company made 5 acquisitions in 2025 which is an increase in activity over the 2 acquisitions they made in 2024 and 2 in 2023 demonstrating the strength of their commitment to growing their nationwide coverage. * Landscape Workshop, LLC acquired 3 businesses in the quarter - Constant Care Grounds Maintenance in Grandview, MO, LIG Services in Fairhope, AL and Live Oak Landscape in Mint Hill, NC. Their acquisition activity has significantly increased over the past three years with 4 acquisitions in 2023, 5 acquisitions in 2024 and 10 acquisitions in 2025. Landscape Workshop was acquired by the private equity firm Ares Management in May of 2025 which indicates that acquisition activity is likely to increase over the coming years. * Fire and Security System companies continue to be attractive for both strategic and financial buyers.Pye-Barker Fire & Safety completed seven acquisitions for the quarter. As one of the most active consolidators in the fire and security protection industry, they have acquired approximately 99 companies in the last three years. Getting a clear understanding of your company's value shouldn't be complicated. Spend less than 10 minutes answering questions, and Focusbankers'll send you a confidential valuation estimate. Anna Brumby White, a FOCUS Managing Director, has over 25 years of experience as an influential business leader working with Fortune 500 companies and small businesses on multiple continents. Mrs. White has broad industry experience in mergers and acquisitions, business development, and transaction execution. Prior to joining FOCUS, Mrs. White served as a Principal at Walden Businesses, where she participated and closed on middle market sell-side and buy-side engagements in the businesses services, manufacturing, retail, e-commerce, and food and beverage industries. Mrs. White has consulted with hundreds of small businesses and secured over $30 million in funding while working for the University of Georgia's Small Business Development Center. For 10 years, Mrs. White worked for TSYS, the largest credit processing company in the world, on global expansion strategies including business development, mergers and acquisitions, company integrations, and lead origination. During her tenure working for TSYS in Europe and the U.S., she led a high growth sales team to secure millions of dollars in new business in domestic and international markets to expand the company's prepaid and loyalty footprint with large global banking institutions and businesses including Bank of America, Wells Fargo, Santander, HSBC, Mercedes-Benz, and Harley-Davidson. While serving as president and CEO of The Brumby Chair Company, Mrs. White secured strategic business alliances, positioned an experienced management team, streamlined operations, and developed an e-commerce platform launching the family-owned company into a new era of prosperity. While maintaining ownership of The Brumby Chair Company, Mrs. White is recognized as a trusted business strategist. She has been a frequent public speaker at international conferences, universities, and professional business organizations. As an ongoing advocate for small business owners, Mrs. White is a frequent guest on Fox Business News, 11-Alive, and WSB Atlanta. She holds a dual Bachelor of Science degree in both Political Science and Accounting from Presbyterian College and an MBA in Marketing from the University of Georgia's Terry College of Business. In addition, she attended the Certified Mergers & Acquisitions Professional Program at the Coles College of Business's Executive Education Program at Kennesaw State University.