1. Reconstruction Partners
Wise Decisions + Right Actions

2. Who We Are
RP3 group is a private investment partnership created by a
group of individuals with deep experience as founders, senior
executives, board members or investors. Our investment
partnership is focused on profitable businesses, emerging
brands and troubled companies with strong growth potential
and revenues in the range of $5 to $100 million. Our structure
allows us to take a flexible and strategic view toward value
creation while continuing the legacy of your company.

3. What We Do
Deal Flow & Investment Opportunities
RP3 group seeks profitable businesses, emerging
brands and troubled companies with strong growth
potential to provide business owners and managers
with liquidity and an alternative to traditional exit
options.

4. What We Do
Consulting Services
We can provide Emerging Brands, Troubled
Companies, Franchisors, Private Equity Groups &
Senior Lenders with critical initiatives essential for
realizing revenue growth. Whether assessing
business challenges and opportunities, designing
solutions

5. Investments
RP3 group seeks profitable businesses, emerging brands and troubled
companies with strong growth potential to provide business owners and
managers with liquidity and an alternative to traditional exit options.
Often, company founders are looking to “cash out” or transition their
business to the next generation of leadership who will work to increase the
value of the company while maintaining customer and employee relations.
Unlike traditional private equity firms or strategic acquirers, RP3 group‟s
managing partners are seeking to acquire companies which they will
operate full time after acquisition. Therefore, we will customize the
acquisition to accommodate the goals of the seller to address important
issues associated with closely-held private companies.

6. Advantages & Industries
 Deal Flexibility  Healthcare
 Experience  Restaurant
 Personal  Franchising
Relationships  Energy
 Time  Entertainment

7. Consulting
We can provide Emerging Brands, Troubled Companies, Franchisors, Private
Equity Groups & Senior Lenders with critical initiatives essential for realizing
revenue growth. Whether assessing business challenges and opportunities,
designing solutions, or leading teams through implementing complex
projects, we can get it done.
 Focused Business Strategy  Leadership Change
Development & Implementation  Business Process design
 Interim-Turnaround Management  PMO Design, Setup & Evaluation
 Mergers, Acquisitions and Divestiture  Program Management
Management  Supply Chain Management
 Restructuring  Refranchising
 Due Diligence  JV Alignment
 Branding, marketing and concept  Organizational Design
Solutions
 Board, Private Equity, Owner and
 Customer Experience Optimization Management Relations
 Margin Optimization
 Project Viability & Opportunity
assessment

8. Our Team
Our team has 100+ years combined C-level
experience within companies ranging in value
from $25,000,000 to $2,000,000,000. The
companies are within multiple industries both
public and private.

9. Steve Lynn
Reconstruction Partners: Founder & Managing Partner
Back Yard Burgers, Inc. - Non-Executive Chairman
Lynn led a group of investors in acquiring Back Yard Burgers at the end of 2007. BYBI operates and franchises
approximately 180 restaurants throughout the south and Midwest. Since completing the acquisition the corporate
headquarters has been relocated to Nashville.
Cummings Incorporated – Chairman and Majority Stockholder
At over 60 years old, the company is the oldest national sign company in the USA, with customers including Chevron,
Chrysler, KFC, Holiday Inn, Taco Bell, Church‟s, Wells Fargo Bank, Bank of America, Pizza Hut, Fleet Bank, CVS, Long
John Silver‟s, and A&W and with Sales in the $65,000,000 range.
Shoney’s, Inc. - Chairman and CEO
In April 1995, Lynn was named of Chairman and CEO. Shoney‟s was the owner and franchisor of more than 1,500
Shoney‟s, Captain D‟s, Pargo‟s and Fifth Quarter Steakhouses.
Sonic Corporation - Chairman and CEO
Lynn spent 12 years as Chairman and CEO. He built the top-notch management team, which transformed a struggling
company into the nation‟s largest chain of drive-in restaurants and the „number two‟ hamburger chair in the Southwest, with
over $3 billion in system-wide sales. Lynn acquired the company in a leveraged buyout in 1986 and Sonic experienced
unprecedented same store sales growth with an average increase of eight percent per year over his tenure. A key factor in
the establishment of Sonic‟s success was an “ownership” culture where unit managers own part of their restaurants. The
leadership team that Lynn put together built Sonic from a Market Cap of $5 Million to over 2.3 Billion.
International Franchise Association – Past Chairman and inducted into the
IFA Hall of Fame

10. Wallace Hite
Reconstruction Partners, LLC –Co-Founder & CEO
Hite formed Reconstruction Partners with Steve Lynn and Lee Cohn to offer Strategy, Restructuring, Re-Franchising and Interim
Management Services to Chain Restaurant companies.
Back Yard Burgers, Inc. – Chief Operating officer & Chief Reconstruction Officer
Mr. Hite acted in an advisory role during the acquisition of Back Yard Burgers and provided strategic guidance on an interim basis as the
Chief Reconstruction Officer & Chief Operating Officer of Back Yard Burgers responsible for refranchising, International development &
operations, mergers and acquisitions, operations, purchasing, marketing and restaurant benchmarking
Strategic Advisory Partners, LLC -Founder & CEO
Strategic Advisory Partners acquired Weichmann-Hite Partners in June of 2005. The firm‟s primary focuses is working with emerging
brands in three related areas, Strategic Planning, Financial Advisory, and Mergers & Acquisitions. Since its inception, SAP has
completed 20 transactions and opened three regional offices.
Weichmann-Hite Partners - Co-Founder & Managing Partner
Weichmann-Hite Partners is a boutique M&A firm specializing in emerging brands within the restaurant & retail sectors. Our practice
extends into financial advisory and strategic planning which comprises a fair percentage of our business. Weichmann Hite completed
over 57 transactions in three years.
IMAG – President & Managing Partner
IMAG is a professional consulting firm with five offices across the United States specializing in franchise development both domestically
and internationally.
Al Homaizi International Management – Group Director of Development
Al Homaizi is a management company with multiple franchise brand restaurants and retail operations throughout the Middle East. The
brands included Brands include Applebee‟s, Popeye‟s, Wolfgang Puck Café‟s, Il Fornaio Bakeries, Marche Restaurants, Al Rifai and
Arby‟s.
Sonic Corp. Executive Vice President
Sonic Industries was the franchisor of Sonic Drive-In Restaurants. A partner in the LBO, a going private transaction and in the IPO

11. Lee Cohn
Reconstruction Partners-Founder & Managing Partner
Mr. Cohn is recognized as one of the leading experts in restaurant concept development, management
and operations in the United States. With over 35 years experience in the industry in a number of
executive roles with leading concepts, he is a critical component to our efforts in the restaurant sector. He
currently serves as a leading restaurant consultant and advisor, with recent projects including the sale of
Mastro‟s Steak House Group, creating foodservice facilities for a leading casino in Louisiana and creating
a restaurant concept in Hong Kong. Mr. Cohn‟s credits include co-development of Ed Debevics with Rich
Melman of Lettuce Entertain You and consultation assignments in the US and Asia. He was awarded the
first Entrepreneur of the Year Award from Arizona State University in 1984. Mr. Cohn began his career by
co-founding Big 4 Restaurants, Inc. where he created Lunt Avenue Marble Club, Steamers, Oscar Taylor
Butcher, Baker & Bar, and Harvey‟s Neighborhood Bar & Grill and 10 other concepts.
Mr. Cohn has served on the Board of Directors of Morton‟s Restaurant Group, Marie Callendar‟s,
McCormick & Schmick‟s, and currently with Quaker Steak and Lube, Mastro‟s Steak House Group and
Real Food Daily. Mr. Cohn has served on several community boards, including Valley Big Brothers and
Sisters, The Phoenix Thunderbirds, Boys Hope-Girls Hope, The Phoenix Ballet, The Fiesta Bowl and
Young President‟s Organization.

12. R. Wallace Hite C. Stephen Lynn Lee Cohn
Founder & Managing Partner Founder & Managing Partner Founder & Managing Partner
Reconstruction Partners, LLC Reconstruction Partners, LLC Reconstruction Partners, LLC
18 Annandale 18 Annandale 4340 E. Indian School Rd. #463
Nashville, TN 37215 Nashville, TN 37215 Phoenix, AZ 85018
Tel: 615.377.1120 Tel: 615.377.1120 Tel: 602.405.0353
Wallace@reconstructionpartners.com Steve@reconstructionpartners.com Lee@reconstructionpartners.com
Hunter Hayes Josh Lynn
Associate Associate
Reconstruction Partners, LLC Reconstruction Partners, LLC
2918 Royal Oaks Crest 18 Annandale
Houston, TX 77082 Nashville, TN 37215
Tel: 760.622.2544 Tel: 615.377.1120
Hunter@reconstructionpartners.com Josh@reconstructionpartners.com