A. Describe your advisory firm, including how long you have been in business. Identify your principal owner(s). CapitalWorks, LLC, dba “CW Industrial Partners, LLC,” together with its fund general partners (unless otherwise specified) (“CWI” or the “Firm”), founded in 1999, is a Midwestern focused private equity firm based in Cleveland, Ohio that encourages knowledgeable investors to partner with the Firm in finding, vetting and owning companies. CW Industrial Partners acquires lower middle-market companies east of the Rockies and gives them the capital, support and freedom to grow. Sources for acquisitions include privately held businesses, private equity firms and larger private and public companies divesting a non-core business. CW Industrial Partners serves as the investment manager for and provides discretionary investment advisory services to private funds exempt from registration under the Investment Company Act of 1940 (the “Investment Company Act”). CW Industrial Partners’ clients include the following private funds Short Vincent Partners III, L.P. and Short Vincent Partners III(A), L.P. (collectively “Fund III”); and CapitalWorks Fund IV, L.P. (“Fund IV”) (collectively referred to throughout this brochure as “Funds” unless the context otherwise requires). For more information about the CW Industrial Partners Funds, please see the Firm’s Form ADV Part 1, Schedule D, Section 7.B.(1) Private Fund Reporting. In certain circumstances, as more fully described in Item 7 below, CW Industrial Partners also permits certain investors and third parties to co-invest directly into a portfolio company. Such direct co-invests are not considered Funds or clients of CW Industrial Partners. Each Fund is affiliated with a general partner (“General Partner”) with authority to make investment decisions on behalf of the Funds. The following General Partners are deemed registered under the Investment Advisers Act of 1940, as amended (the “Advisers Act”) pursuant to CW Industrial Partners’ registration in accordance with SEC guidance. CapitalWorks SVP III, LLC (the General Partner of Fund III); and CapitalWorks IV GP, LLC (the General Partner of Fund IV). While the General Partners maintain ultimate authority over the respective Funds, CW Industrial Partners has been delegated the role of investment adviser. Principal Owners/Ownership Structure CW Industrial Partners is owned by W. Todd Martin, Chief Executive Officer and President. For more information about CW Industrial Partners’ owners and executive officers, see the Firm’s Form ADV Part 1, Schedule A. B. Describe the types of advisory services you offer. If you hold yourself out as specializing in a particular type of advisory service, such as financial planning, quantitative analysis, or market timing, explain the nature of that service in greater detail. If you provide investment advice only with respect to limited types of investments, explain the type of investment advice you offer, and disclose that your advice is limited to those types of investments. CW Industrial Partners provides investment advisory services as a private equity fund manager to its Funds. Interests in the Funds are privately offered to qualified investors in the United States and elsewhere. The Funds invest through privately negotiated transactions in operating companies. CW Industrial Partners’ investment advisory services to the Funds consist of identifying and focusing a value-oriented approach that is research and due diligence intensive and emphasizes preservation of capital and return on investment. Investments are made predominantly in small, middle-market companies. When such investments consist of portfolio companies,

the senior principals or other personnel and/or third parties appointed by CW Industrial Partners will generally serve on such portfolio companies’ respective boards of directors or otherwise act to influence control over management of portfolio companies held by the Funds. Investor Communications and Delivery of Documents From time to time, CW Industrial Partners may be required to deliver certain documents to the investor. Investor, to the extent that the investor has email capability and/or web access, hereby consents to the Firm’s use of electronic means, such as email, to make delivery of required and other documents. This delivery may include notification of the availability of such documents on a website, and investor agrees that such notification will constitute “delivery.” In conjunction with any relevant agreement, the investor agrees to provide us with the investor’s email address and to keep this information current at all times by promptly notifying us of any change in email address. C. Explain whether (and, if so, how) you tailor your advisory services to the individual needs of clients. Explain whether clients may impose restrictions on investing in certain securities or types of securities. CW Industrial Partners does not tailor its advisory services to the individual needs of investors in its Funds; CW Industrial Partners’ investment advice and authority for each Fund are tailored to the investment objectives of that Fund. These objectives are described in the private placement memorandum, limited partnership agreement, investment advisory agreement, side letters and other governing documents of the relevant Fund (collectively, “Governing Documents”). The Firm does not seek or require investor approval regarding each investment. Fund investors cannot impose restrictions on investing in certain securities or types of securities, other than through side letter agreements. Investors participate in the overall investment program for the applicable Fund, and generally cannot be excused from a particular investment except pursuant to the terms of the applicable Governing Documents. CW Industrial Partners has entered into side letters or similar agreements with certain investors who make substantial commitments of capital that have the effect of establishing rights under, or altering or supplementing, a Fund’s Governing Documents. Such rights include advisory board membership, co-investment preferences, most favored nations status and waivers of interest for the initial capital contribution, among others. These rights, benefits or privileges are not always made available to all investors nor in some cases are they required to be disclosed to all investors. Once invested in a Fund, investors generally cannot impose additional investment guidelines or restrictions on such Fund. D. If you participate in wrap fee programs by providing portfolio management services, (1) describe the differences, if any, between how you manage wrap fee accounts and how you manage other accounts, and (2) explain that you receive a portion of the wrap fee for your services. CW Industrial Partners does not participate in wrap fee programs. E. If you manage client assets, disclose the amount of client assets you manage on a discretionary basis and the amount of client assets you manage on a non-discretionary basis. Disclose the date “as of” which you calculated the amounts. As of December 31, 2023, CW Industrial Partners managed approximately $211,886,212 in regulatory assets on a discretionary basis. CW Industrial Partners does not manage any assets on a non- discretionary basis.