We are pleased to announce a successful exit from AFS Technologies through a sale to an affiliate of Goldman, Sachs & Co.
In 2006, Merion provided subordinated debt and equity to provide funding for an acquisition and additional working capital. During Merion’s investment, AFS grew revenues over 6x and operating income over 10x.
Based in Phoenix, AZ, AFS provides a comprehensive suite of business automation solutions for manufacturers, distributors and brokers within the food & beverage industry.