Merion portfolio company, Robbins Sports Surfaces, a leader in high-performance sports flooring, is pleased to announce the appointment of Joe Marmon as Vice President of Operations. Marmon brings more than 30 years of experience in the wood industry along with a proven track record in LEAN manufacturing principles. In his new role, he will lead Robbins’ operations and production efforts, driving continuous improvement, sustainability, and customer satisfaction.

Marmon began his career in the kitchen and bath cabinet manufacturing industry and most recently owned and operated a pre-finishing business in Oswego, New York. His extensive hands-on experience in process involvement and operational efficiency distinguished him as the ideal choice for this position. A former Wisconsin resident, Marmon welcomed the opportunity to return to the state and join the Robbins team.

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Billy Pugh Company, a Merion portfolio company, proudly announces the acquisition of the Stiffy Safe Hand Tools product line from Fibertex Supply, effective April 29, 2025. This strategic move brings together two pioneering names in hands-free lifting and safety innovation, expanding Billy Pugh’s product portfolio and reinforcing its leadership position in the offshore safety market.

“This is the ideal scenario for me,” said Kevin Shaw, Founder and Owner of Stiffy Safe Hand Tools. “I cannot imagine a better home for the business than Billy Pugh. Their history and reputation in the industry are second to none. I have full confidence that the team at Billy Pugh, with their years of experience, will continue to develop and grow the Stiffy Tools brand in the years ahead.”

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Robbins Sports Surfaces, a Merion portfolio company specializing in high-performance sports flooring, is pleased to announce that it has been awarded a patent for its innovative woodgrain application technique for synthetic floors. This groundbreaking process enables Robbins to replicate the appearance of traditional wood on seamless polyurethane surfaces, offering sports facilities the aesthetic appeal of hardwood without the associated maintenance requirements.

Developed by Robbins Technical Director Todd Goodridge, the patented process integrates realistic woodgrain markings directly into the liquid polyurethane floor coating. The technique involves applying polyurethane to a sealed base layer, then utilizing a proprietary apparatus to create the woodgrain effect before the coating cures. Once cured, the floor is marked with floorboard lines and sealed with a protective clear coat to ensure lasting durability and performance.

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JUPITER, Fla. (JANUARY 23, 2025) –  FranDevCo (“FDC” or the “Company”), a premier franchise development organization driving growth and value for leading and emerging franchise brands, has been acquired by Full Spectrum Franchise Consulting, a portfolio company of L2 Capital and the parent company of iFranchise Group and TopFire Media.

With this acquisition, Full Spectrum adds a pivotal service offering to its growing platform built around supporting franchisors throughout their entire lifecycle. The combination of franchise and FDD consulting, digital marketing capabilities and overall lead generation strategies will bolster FranDevCo’s capabilities and accelerate its mission to help emerging franchise brands responsibly achieve rapid and sustainable growth by connecting top-performing franchisees with high-potential franchise opportunities.
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DEVON, PENNSYLVANIA – September 26, 2023 – L2 Capital is pleased to announce the sale of Aspekt Solutions (‘the Company’, formerly Medical Physics Holdings), a leading provider of medical physics, dosimetry, and strategy consultation services, to Varian, a Siemens Healthineers company. This transaction represents the successful realization of L2 Capital’s 2017 investment in Medical Physics Holdings. Terms of the deal were not disclosed.

Under L2’s ownership, Aspekt Solutions underwent significant corporate leadership changes, executed a transformational acquisition, and developed a flexible solutions portfolio to meet client needs. This investment allowed the Company to significantly grow its core clinical medical physics services business, increase portfolio breadth, expand its geographic footprint, and position the business for rapid growth.

“This successful exit illustrates how our team collaborates with founders and transforms niche market leading businesses into mass market solutions. Over the course of the investment, we recruited a new CEO with a demonstrated track record in healthcare, worked with the leadership team to craft and execute a focused strategic plan, and completed a high-impact add-on acquisition. We are very proud of what we have accomplished together,” commented Connor McMahan, Partner at L2 Capital. “All this was achieved while ensuring that the team and the Company had the right resources and investment required. We always believed that the Aspekt offering delivered best in class clinic and patient outcomes; the Aspekt team built upon that foundation to lead the Company to its current level. We are confident in their continued success.”

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