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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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Merion Announces New Investment in Accounts Receivable Collections Firm

Merion Investment Partners III, L.P., is excited to announce a new investment in Radius Global Solutions. Merion provided subordinated debt to support the merger between Radius Global Solutions and Northland Group.

Radius Global Solutions, headquartered in Blue Bell, PA, is a global technology-enabled provider of end-to-end accounts receivable and customer relationship management solutions. The company merged with Northland Group, a Minneapolis, MN based provider of accounts receivable and customer relationship management solutions primarily in the financial services sector.

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Radius Global Solutions, a Merion Portfolio Company, Merges with Northland Group

RADIUS GLOBAL SOLUTIONS MERGES WITH NORTHLAND GROUP

AMBLER, PA– November 16, 2016 – Radius Global Solutions LLC (“RGS”), a global technology-enabled provider of end-to-end accounts receivable and customer relationship management solutions, announced today that it has merged with Northland Group Inc. (“NGI”), a Minneapolis, MN-based provider of accounts receivable and customer relationship management solutions primarily to the financial services sector. Immediately following the transaction Northland Group will operate as a business unit of RGS.

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DataBank, a Merion Portfolio Company, Announces Alliance with KYOCERA

DataBank, North America’s leading business solutions provider, and KYOCERA Document Solutions America, one of the world’s leading document solutions companies, announced the formation of a business alliance, designed to provide business process improvement services to their mutual customers.

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Merion Announces New Investment in Installer and Servicer for Power Generation

iafd-tombstoneMerion Investment Partners III, L.P., is excited to announce a new investment in Industrial Air Flow Dynamics.  Merion provided subordinated debt for growth capital.

The company, headquartered in Glastonbury, CT., is a leading manufacturer and installer of replacement expansion joints for power generation applications.  The company provides its services nationwide to several different types of power plants, including gas and coal.

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Merion Announces New Investment in Commercial Sign Company

indigo-tombstoneMerion Investment Partners III, L.P., is excited to announce a new investment in Indigo Signworks. Merion partnered with  Marquette Capital Partners, Akoya Capital Partners and current management to purchase the company.

The company, headquartered in Fargo, ND, is a manufacturer of custom-made exterior and interior signage, offering a wide suite of services including design, manufacturing, installation and maintenance.  The company currently operates out of six locations throughout the Upper Midwest serving a diversified customer base representing multiple vertical markets.

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Midwest Automotive, a Merion Portfolio Company, Announces New Luxury Vehicle

September 20, 2016 – Elkhart, IN

Midwest Automotive, a Merion Portfolio Company, Recently Announced Their Addition of a New Luxury Vehicle.

In the world of exotic sports cars, the term Grand Touring has always designated a vehicle that blends style, performance and comfort – and turns any road trip into a highly enjoyable journey.  Now, a new luxury vehicle has emerged that brings the same level of refinement and motoring possibility to a very different sort of performance machine: The executive van.
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