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Merion Announces New Investment in Athletic Clubs

Merion Investment Partners III, L.P. is pleased to announce a new investment in Tru Fit Athletic Clubs. Merion provided capital to complete the recapitalization of Tru Fit Athletic Clubs and the simultaneous acquisition of Freedom Fitness (collectively the “Company”), the two largest fitness club chains in the Rio Grande Valley. Headquartered in McAllen, Texas, the Company has a growing membership base across 13 locations throughout the Rio Grande Valley and San Antonio operating under the Tru Fit brand.

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Polonez Parcel Services, a Merion portfolio company, announces partnership with UPS

ATLANTA, Ga., and W. SPRINGFIELD, Ma. – Oct. 4, 2017 – UPS (NYSE:UPS), the world’s largest package delivery company and Polonez Parcel Service, a consumer-to-consumer consolidated shipping service into Poland and other countries, today announced an innovative agreement that provides Polonez Parcel Service customers in the United States an easy parcel drop-off point at more than 8,700 UPS Access Points™ including 5,000 The UPS Store® locations.

Polonez Parcel Service customers can experience the ease of transacting business online at www.polonezparcelservice.com and then drop-off their pre-paid shipments at convenient UPS Access Point locations throughout the United States. UPS Access Point locations are a nearby The UPS Store,® dry cleaner, hardware store, convenience store or other neighborhood retail establishment. UPS Access Point™ addresses can be found at www.ups.com/accesspoint.

“The UPS Access Point locations augment our existing Authorized Shipping Outlet network and give us extensive coverage for convenient and cost-effective connections, so our consumers can ship to more than 30 countries,” said Polonez Parcel Service, CEO Tom Nightingale.
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Energage raises $15M, plans Philly office, new hires

Philadelphia, PA – October 5, 2017 – Energage, the Merion portfolio company previously known as Workplace Dynamics, has raised $15 million from investors and is looking to open a new office in Philadelphia, using 10 years’ worth of corporate employee surveys as a basis for new “HR tech” services it expects will elevate its profile among clients and technology investors.

 “Our model has changed quite a bit. We have a whole new round of offerings in our employee-engagement platform, just two weeks ahead of the HR Tech Conference in Las Vegas,” said Fraser Marlow, director of research at Energage, which employs 110. Part of the money will be used for expansion. Energage wants to open an office in Philadelphia to hire more “creative staff and programmers,” said Marlow, a GE veteran who is among several senior managers joining the company in the last year. “We’ve interviewed quite a few who wanted to work for us” he said.
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Merion Announces Exit from Energage, formerly known as WorkPlace

Merion Investment Partners is excited to announce a successful exit from WorkplaceDynamics, LLC (“WorkplaceDynamics”), a leading provider of employee engagement solutions. Headquartered in Exton, PA., WorkplaceDynamics has leveraged years of deep experience in workplace research and neuroscience to develop the industry’s first employee-centric end-to-end engagement platform.

Merion, as the sole institutional investor, originally invested in the company in 2013 to support a management recapitalization which left the current CEO as controlling shareholder. Over the next several years the company was successful in increasing service offerings and growing sales at a 29% CAGR. Merion believes this transaction reflects the profile of how we work directly with management to provide capital and resources to small businesses in order to help them achieve the next level of growth.

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Merion Exits Databank through an Acquisition by Strategic Buyer Kyocera

Merion is pleased to announce a successful exit from DataBank Holdings, LLC (“DataBank”), a leading outsourced imaging and information management provider, to KYOCERA Document Solutions (“Kyocera”).

Headquartered in King of Prussia, Pennsylvania, DataBank is the country’s premier provider of business process automation solutions, with offices across the United States. Since 1991, the company has helped organizations maximize productivity and reduce operational costs by streamlining document, data and workflow business processes. The new relationship with Kyocera will open new service opportunities for DataBank.

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Svoboda Capital Partners Completes Sale of DataBank to KYOCERA

Chicago, IL – August 2, 2017 – Svoboda Capital Partners (“SC”) has sold its interest in leading outsourced imaging and information management provider DataBank Holdings, LLC (“DataBank”) to KYOCERA Document Solutions (“Kyocera”).

Headquartered in King of Prussia, Pennsylvania, DataBank is the country’s premier provider of business process automation solutions, with offices across the United States. Since 1991, the company has helped organizations maximize productivity and reduce operational costs by streamlining document, data and workflow business processes. The new relationship with KYOCERA will open new service opportunities for DataBank.

Chuck Bauer, CEO of DataBank, and the rest of the management team will continue forward with the Company. “Our partnership with SC has been positive and enhanced the long-term growth and success of DataBank,” Bauer said. “Coming together with KYOCERA is a tremendous opportunity for our existing and prospective customers. The acquisition will enable us to offer innovative new solutions and services tailored to rapidly changing market needs.”
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Merion Announces New Investment in E-commerce Sports Nutrition Brand

Merion Investment Partners III, L.P., is excited to announce a new investment in Sheer Strength (the “Company”), one of the fastest growing sports nutrition companies in the United States. Merion provided subordinated debt and equity to support Baymark Partners and its acquisition of the Company.

Sheer Strength uses only the highest-quality, most effective ingredients available, carefully formulated and manufactured for optimum results. All of the products are built on a solid foundation of proven science and real results with accurate and transparent labeling. The Company has become one of the leading supplement brands sold through several e-commerce channels.

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Merion Announces New Investment in Healthcare Services Company

Merion Investment Partners III, L.P., is excited to announce a new investment in Medical Physics Holdings (the “Company”), a leading provider of medical physics staffing and support services throughout the United States. Merion provided subordinated debt and equity to support L2 Capital Partners and its acquisition of the Company (operating as Associates in Medical Physics LLC and Radiation Management Associates LLC).

The Company provides highly technical staffing solutions to major oncology centers, as well as machine diagnostic and related regulatory services to hospitals, independent centers, imaging centers and private practices.

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Merion Sells Midwest Automotive Designs to REV Group

Merion Investment Partners is excited to announce a successful exit from Midwest Automotive Designs LLC, a leading custom van upfitter, through an acquisition by REV Group (REVG) a $2+ billion manufacturer of industry-leading specialty vehicle brands and leading provider of parts and services.

Merion acted as the lead investor and teamed with Petra Capital Partners in the purchase of the company in partnership with Pegasus Capital. We are pleased to have had the opportunity to work with the excellent management team we recruited to the company to support its founder, Tim Gray, who remained a significant shareholder, in accelerating the growth of the business. Merion believes this transaction reflects the profile of how we work with partners and sponsors to support change of control transactions in our lower middle market focus industries.

Headquartered in Elkhart, IN, Midwest develops and manufactures luxury vehicles for end segments including motorhomes, shuttle vans, limousines, and customized executive transportation vehicles. During Merion’s investment period, the company grew revenues and EBITDA at a CAGR of 32% and 24% respectively.

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Crestcom, a Merion Portfolio Company, Receives 2017 Lead Award

As part of its mission to continually monitor the training marketplace for the best providers of training services and technologies, Training Industry has named Crestcom, a Merion portfolio company, to its 2017 Leadership Training Companies Watch List.

By applying new leadership competency models, research-based training courses, and launching a new online Learning Portal, Crestcom has made incredible innovations to its proven leadership skills development model over the past year.

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