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Acquisition Expands Indigo Signworks Capabilities and Marketplace Lead in the Midwest

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.”

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Merion Port CO Mid-Atlantic Dental Partners to Acquire Birner Dental

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.

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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
22/8/2018

  • 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.

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IPS (a Merion Portfolio Company) Teams Up with Goin’ Postal

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/.
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Revint Solutions Announces Acquisition of Naveos, a Merion portfolio company

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.
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Naveos, a Merion Portfolio Company, is Acquired by Revint Solutions

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.
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Polonez Parcel Services, a Merion portfolio company, announces partnership with UPS

ATLANTA, Ga., and W. SPRINGFIELD, Ma. – Oct. 4, 2017 – UPS (NYSE:UPS), the world’s largest package delivery company and Polonez Parcel Service, a consumer-to-consumer consolidated shipping service into Poland and other countries, today announced an innovative agreement that provides Polonez Parcel Service customers in the United States an easy parcel drop-off point at more than 8,700 UPS Access Points™ including 5,000 The UPS Store® locations.

Polonez Parcel Service customers can experience the ease of transacting business online at www.polonezparcelservice.com and then drop-off their pre-paid shipments at convenient UPS Access Point locations throughout the United States. UPS Access Point locations are a nearby The UPS Store,® dry cleaner, hardware store, convenience store or other neighborhood retail establishment. UPS Access Point™ addresses can be found at www.ups.com/accesspoint.

“The UPS Access Point locations augment our existing Authorized Shipping Outlet network and give us extensive coverage for convenient and cost-effective connections, so our consumers can ship to more than 30 countries,” said Polonez Parcel Service, CEO Tom Nightingale.
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Energage raises $15M, plans Philly office, new hires

Philadelphia, PA – October 5, 2017 – Energage, the Merion portfolio company previously known as Workplace Dynamics, has raised $15 million from investors and is looking to open a new office in Philadelphia, using 10 years’ worth of corporate employee surveys as a basis for new “HR tech” services it expects will elevate its profile among clients and technology investors.

 “Our model has changed quite a bit. We have a whole new round of offerings in our employee-engagement platform, just two weeks ahead of the HR Tech Conference in Las Vegas,” said Fraser Marlow, director of research at Energage, which employs 110. Part of the money will be used for expansion. Energage wants to open an office in Philadelphia to hire more “creative staff and programmers,” said Marlow, a GE veteran who is among several senior managers joining the company in the last year. “We’ve interviewed quite a few who wanted to work for us” he said.
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Svoboda Capital Partners Completes Sale of DataBank to KYOCERA

Chicago, IL – August 2, 2017 – Svoboda Capital Partners (“SC”) has sold its interest in leading outsourced imaging and information management provider DataBank Holdings, LLC (“DataBank”) to KYOCERA Document Solutions (“Kyocera”).

Headquartered in King of Prussia, Pennsylvania, DataBank is the country’s premier provider of business process automation solutions, with offices across the United States. Since 1991, the company has helped organizations maximize productivity and reduce operational costs by streamlining document, data and workflow business processes. The new relationship with KYOCERA will open new service opportunities for DataBank.

Chuck Bauer, CEO of DataBank, and the rest of the management team will continue forward with the Company. “Our partnership with SC has been positive and enhanced the long-term growth and success of DataBank,” Bauer said. “Coming together with KYOCERA is a tremendous opportunity for our existing and prospective customers. The acquisition will enable us to offer innovative new solutions and services tailored to rapidly changing market needs.”
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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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