Jul 31, 2020
L3Harris Technologies (NYSE:LHX) today completed the previously announced sale of its EOTech business to American Holoptics, an affiliate of Koucar Management.
With annual revenue of approximately $60 million, L3Harris’ EOTech business manufactures holographic sighting systems, magnified field optics and accessories for military, law enforcement and commercial markets around the world.
Gayle Hughes, a partner at Merion Investment Partners, paneled an event hosted by the Philadelphia Business Journal discussing Philadelphia’s status as a place for financial service companies to do business. Gayle was joined by partners from Hamilton Lane, Vanguard, Metlife and FS Investments to champion and highlight the financial services sector as an important vehicle of growth for Philadelphia and PA greater. Below is the full article from the 9/30/19 Philadelphia Business Journal publication.
The Trump administration is praising IPC, an Association Connecting Electronics Industries and several of its member companies for their efforts to expand the skilled workforce. On July 25, an IPC group took part in a White House event marking the first anniversary of President Trump’s Executive Order to develop a national strategy to expand the skilled workforce. The event took stock of the progress made under that executive order and the related Pledge to America’s Workers, which called on private sector companies to step up their workforce upskilling efforts.
In recognition of the industry’s efforts, employees and executives from four IPC member companies attended Thursday’s White House event: Calumet Electronics of Calumet, Mich.; STI Electronics of Madison, Ala.; TTM Technologies of Santa Ana, Cal. and one of Merion Investment Partner’s portfolio companies, Zentech Manufacturing of Baltimore, Md.
CHANHASSEN, Minn., Jan. 4, 2019 /PRNewswire-PRWeb/ — Indigo Signworks has announced the acquisition of Sign Source, Chanhassen, MN. Sign Source is a privately-held sign company dedicated to serving regional and national clients with a strong presence in the Twin Citiesmarketplace since 1987.
“For over thirty years, the Sign Source team of dedicated employees created exciting solutions, including iconic signs, that helped customers make a major impact on their businesses locally and nationally,” said Indigo Signworks CEO Rick Schomburger. “Together, we will make it even easier for clients to get the signs and services their organizations depend on.”
Plymouth Meeting, PA and Denver, Colorado – October 3nd, 2018 – Mid-Atlantic Dental Service Holdings LLC, operating as Mid-Atlantic Dental Partners, a dental support organization (“DSO”) dedicated to improving the delivery of dental services for dentists and their patients and a portfolio company of Merion Investment Partners III, L.P. & S.C. Goldman & Company, LLC announced today that it has entered into a definitive agreement to acquire Birner Dental Management Services, Inc. (OTCQX: BDMS) (“Birner”).
Birner was founded in 1995 and operates dental practice affiliates under the Perfect Teeth® brand throughout Colorado, Arizona, and New Mexico. With more than 100 dentists, Perfect Teeth’s philosophy of “letting dentists be dentists” melds perfectly with the “dental partnership” approach that has defined the business philosophy for both owners and associate dentists of Mid-Atlantic Dental Partners.
Founded in 2016, Mid-Atlantic Dental Partners offers dentists a DSO model that supports dental professionals by providing marketing, financial, practice information and other business services so dentists can focus on delivering the highest quality care to their patients. In addition, Mid-Atlantic Dental Partners offers associate dentists an opportunity to participate in the financial success of the practices. Over the last two years, Mid-Atlantic Dental Partners has built an exceptional management team with deep dental, operational, and entrepreneurial experience.
The acquisition will increase Mid-Atlantic Dental Partners affiliate offices projected annual revenues to more than $100 million.
The former CEO of ad tech firm Undertone is starting his second act with his own investment fund — and his first big bet is an e-commerce agency
- Ad tech veteran and former Undertone CEO and chairman Michael Cassidy has launched a family office fund, and his first big investment is in e-commerce agency BVAccel.
- The idea is that as brands try to navigate e-commerce and build their own digital storefronts, agency partners like BVAccel can help them.
- The fund, called August Spark, aims to address the gap in investor expertise in the marketing and businesses services space, according to Cassidy.
Ad tech veteran Michael Cassidy is embarking on his second act – and his first big bet is on the future of e-commerce.
The former CEO and chairman of ad tech company Undertone is trying to build a portfolio of profitable companies centered around technology and marketing services through August Spark, a family office fund he launched 18 months ago and runs with cofounder Stephen Wall.
His first big investment is in San Diego-based e-commerce agency BVAccel, which helps design, build, and optimize digital storefronts for several hot and up-and-coming direct-to-consumer brands. It also provides marketing services to clients, using data to map out the customer journey and optimize their e-commerce websites for conversion.
International Package Shipping Teams Up with Goin’ Postal to Offer Low-cost Shipping Alternative
WEST SPRINGFIELD, Mass. & ZEPHYRHILLS, Fla. – April 3, 2018 – PRLog — Goin’ Postal, a chain of retail shipping & receiving stores with hundreds of locations across the United States and International Package Shipping, a consumer-to-consumer consolidated shipping service to 43 European countries, today announced an innovative agreement that provides all Goin’ Postal franchisee owners and their customers access to utilize the low-cost shipping services that International Package Shipping offers.
All Goin’ Postal franchisee store owners are now able to expand their service offering and provide a new and exciting low-cost international shipping alternative to their customers. The collaboration between Goin’ Postal and International Package Shipping enables cost-conscious customers to ship internationally for far less than previously possible while still getting reliable and trackable delivery. Goin’ Postal’s more than 180 shipping outlets are conveniently located near dry cleaners, hardware stores, convenience stores and other neighborhood retail establishments; allowing its customers convenience and reach. A list of the current Goin’ Postal locations across the United States can be found at https://www.goinpostal.com/locations/.
CHADDS FORD, Pa.–(BUSINESS WIRE)–Revint Solutions (“Revint”) today announced its acquisition of Naveos, a market leader in specialized government reimbursement technology and services for healthcare providers. The addition of Naveos’ capabilities, talent, and relationships further advances Revint’s mission to provide a comprehensive “safety net” to healthcare organizations through a full, technology-enabled suite of revenue integrity and complex reimbursement solutions.
Naveos, founded in 2006, is a market leader in governmental program reimbursement. Naveos leverages its proprietary COMPASS software, data analytics, and specialized workforce in order to help healthcare organizations maximize the value of their government program reimbursements, identifying approximately $1 billion of additional reimbursements for its clients to date. Naveos’ product set includes analytics related to Medicare and Medicaid Disproportionate Share Hospital (DSH), Worksheet S-10 / Uncompensated Care, and the 340B Drug Pricing Program. Naveos’ DSH products consistently outperform peers and in-house alternatives, while the S-10 solution represents a newly developed, claims-level data analytics product that is unmatched in the market. The Naveos team will remain with the combined company and continue to lead the business unit going forward.
Revint Solutions, a Chadds Ford-based firm that specializes in medical-payment collections, said Tuesday it is acquiring Naveos, a Virginia firm focused on “government reimbursement technology and services for healthcare providers.”
Revint clients include “over 200 health systems across 48 states,” including some of the largest hospital systems in Pennsylvania and New Jersey, according to Hicok, who declined to name specific clients. Revint claims 1,500 clients in total, and says it “helps recover over $150 million of underpaid or unidentified revenue” for them annually.