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CEO of ITelagen, a Merion Portfolio Company, Announced as a 2015 Future 50 Award Winner

60 Greater New York companies to be recognized for their fast growth in New York SmartCEO’s Future 50 Awards program

11/18/2014
ITelagen Press Release

Jersey City, NJ: November 18, 2014 — ITelagen is pleased to announce that John O’Keefe, CEO, has been recognized by New York SmartCEO as a 2015 Future 50 award winner. The Future 50 program recognizes the region’s 50 fastest-growing mid-sized companies and 10 small Emerging Growth companies who have experienced outsized growth based on a combined three-year average of revenue and employee growth. The 2015 Future 50 winners collectively generate $2.65 billion in annual revenue and employ 12,508 individuals in Greater New York. This impressive group will be recognized in the 2015 January/February issue of New York SmartCEO magazine and celebrated at an awards ceremony on January 29, 2015 in New York City. Read more

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Midwest Automotive Designs, a Merion Portfolio Company, Receives Growth Investment and Adds New CEO

Midwest Automotive Designs today announced that it has received a substantial growth investment from Pegasus Capital Group, Merion Investment Partners and Petra Capital Partners.  In conjunction with the growth investment, the company hired industry veteran, Harry Schmink, as CEO to work alongside Founder and President, Tim Gray.  Based in Elkhart, Indiana, Midwest Automotive Designs is the industry’s leading custom luxury converter of vans and trucks and specializes in the popular Mercedes-Benz Sprinter platform.  They were recently named to the 2014 Inc. 5000 list of the fastest growing private companies in the United States and just celebrated the completion of their 3,000th unit.

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DataBank, a Merion Portfolio Company, Joins Inc. Magazine’s List of America’s Fastest-Growing Companies

 

Leader in business process automation shows 81% growth over three-year period

8/28/2014
DataBank Press Release

DataBank, a national leader in business process automation solutions, today announced it has been ranked number 3,822 on Inc. Magazine’s Inc. 5000 list, which ranks the country’s top 5000 fastest-growing private companies. The list represents the most comprehensive look at the most important segment of the economy—America’s independent entrepreneurs. Companies such as Yelp, Pandora, Timberland, Dell, Domino’s Pizza, LinkedIn, Zillow, and many other well-known names gained early exposure as members of the Inc. 500|5000. Read more

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Itelagen, a Merion Portfolio Company, is Named to the Inc. 5000 List of Fastest-Growing Private Companies

For the 5th consecutive year, ITelagen is named to the Inc. 5000 List and jumps up 192 spots from 2013.

8/21/2014
Itelagen Press Release

ITelagen, Inc., a leading provider of healthcare IT support and system administration, including a range of support services such as professional services, training, and hosting for various industries, today, announces that the company was named to the renowned 2014 Inc. 5000 list, a compendium of the most entrepreneurial and fastest growing private companies in America.  In order to qualify for the Inc. 5000 List, companies such as ITelagen must be in business for 5 years and demonstrate exemplary four-year growth. Founded in 2005, this is the fifth consecutive year ITelagen has qualified and been named to the Inc. 5000 List. Read more

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Merion Announces Exit from E-Commerce Company

7_18_14We are pleased to announce a successful exit from Shades of Light through a recapitalization.

 

In 2011, Merion purchased the company in partnership with an independent sponsor. During Merion’s investment, the company successfully de-levered by doubling sales and tripling EBITDA.

 

Shades of Light is a designer and retailer,  through catalog & e-commerce, of lighting and other home furnishings sold to individuals and interior design companies.

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DataBank, a Merion Portfolio Compay, Acquires Advanced Data Systems

Regional leader in business services joins forces with DataBank to deliver high performance Business Process Automation and Workflow solutions

7/2/2014
DataBank Press Release

King of Prussia, PA (PRWEB) July 02, 2014

DataBank IMX, LLC (DataBank) announced today that it has acquired Advanced Data Systems (ADS), headquartered in Tallahassee, FL with offices in Jacksonville, Orlando and Miami.

Millennial! Another of those media driven buzzwords, used to label those between the ages of 18 and 34, while the term Gen Xers define those between 35 and 50 years of age. Boomers, the group to which I belong, are those 51 through 69. This post covers 8 key pieces of advice I proffer to this generation.

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Linden Care, a Merion Portfolio Company, Featured in Forbes

The ‘Buy And Build’ Strategy – Spotlight On A Modern Day Private Equity Trend

6/25/2014
Michael Schwerdtfeger, Forbes
Many private equity firms today employ aggressive “buy and build” strategies to accelerate growth. Buy and build refers to the buying of a platform company with a well-developed management team and infrastructure, and then using those capabilities to acquire one or more add on companies to build out and grow the platform.

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DataBank, a Merion Portfolio Compay, Acquires Cogniserv

DataBank, a Merion Portfolio Compay, Acquires Cogniserv
Regional leader in document imaging services joins with DataBank to deliver high performance Business Process Automation and Workflow.

6/24/2014
DataBank Press Release

DataBank IMX, LLC (DataBank) announced today that it has acquired Cogniserv, headquartered in Dallas, TX with offices in Houston.

“The acquisition of Cogniserv builds our business in the Southern US and provides a wealth of additional services to Cogniserv clients.” said Chuck Bauer, Co-founder & CEO of DataBank. “Cogniserv expands our solutions capabilities particularly within the State & Local Government, Energy and Healthcare markets and widens our client base. We are fortunate to have Brian Rathe and Prabhu Karunakaran, co-founders of Cogniserv, join the DataBank team to help us expand in the region.”

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