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Merion Portfolio Company Componere Launches National Events Division

Componere Launches National Events Division

After years of catering events throughout the country, Componere formally launched its National Events division in the summer of 2023. Sarah Szor joined the team as the Senior Director of National Events bringing over 15 years of experience in luxury catering and large scale corporate production. Additionally, the company continues to build the most accomplished culinary team in the industry, most recently with the addition of Chris Littman, who was formerly the Private Dining Chef at Eleven Madison Parkwhen they were ranked #1 in the world.

The new division is off to an exciting start and has catered and consulted on several high profile events in recent months, including the VIP Opening Ceremony Party for the Formula 1 Las Vegas Grand Prix and the Super Bowl LVIII Host Committee Media Event for 6,000 guests. Componere is also looking forward to its first international project in London this summer.

Staying true to Componere’s roots, the National Events division is built on the same principles that have guided the company from day one: culinary excellence and careful attention to the details that bring all the parts together.

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Merion Announces New Investment in Franchise Consultant and Digital Marketing Firm

Merion Investment Partners IV, L.P. is pleased to announce a new investment in iFranchise Group, the nation’s leading franchise consulting firm.

iFranchise Group, and its affiliated digital marketing agency, TopFire Media, provide best-in-class franchise development, consulting, and marketing services. The company’s expert franchise consultants have worked with hundreds of franchise systems, as well as licensing and dealership organizations, leading to iFranchise ranked the #1 Franchise Consulting firm in annual surveys conducted by Entrepreneur Magazine the past 5 years. Merion partnered with Salem Investment Partners to support L2 Capital’s strategic investment in the company.

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Merion Announces New Investment in Niche Manufacturer

Merion Investment Partners IV, L.P. is pleased to announce a new investment in Robbins Sports Surfaces, Inc. (“Robbins”), a vertically integrated, market leading manufacturer of hardwood basketball floors.

Robbins has built its strong reputation and achieved its market leadership position by consistently manufacturing safe, high-quality floors and maintaining consistent supply for its dealers and customers for decades. The Company is the only vertically integrated participant in this space, as it proprietarily sources most of its logs, and then mills and manufactures the wood into sports and dance flooring. Robbins primarily sells its floors through a long-tenured and well-respected exclusive dealer network but also sells its portable floors directly to NCAA and NBA customers – the majority of NBA teams play and practice on Robbins floors. Merion supported L2 Capital in the acquisition of the company.

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Korbyt Receives Significant Growth Investment from Clearhaven Partners

Korbyt, a Merion Portfolio Company, Receives Significant Growth Investment from Clearhaven Partners

Investment Will Bolster Leadership Position in Digital Signage and Workplace Experience Software

Dallas, TX and Boston, MA – July 18, 2023 – Korbyt, a leading provider of digital signage and workplace experience software, announced that it has received a significant growth investment from Clearhaven Partners (“Clearhaven”), a dedicated software- and technology-focused private equity firm based in Boston. The partnership with Clearhaven will accelerate Korbyt’s growth trajectory by expanding reseller and technology partnerships, facilitating customer support growth, as well as supporting additional innovation in Korbyt’s industry-leading, cloud-native SaaS platform. Financial terms were not disclosed.

The Company’s cloud-based Korbyt Anywhere SaaS platform is the leading next-generation technology platform for corporate omni-channel communications and content management, enabling organizations to create and distribute compelling messages and visualize mission-critical data to boost contact center agent and frontline worker productivity. Korbyt is the workplace experience technology partner of choice for 400 global enterprises, including 60 of the Fortune 100 across many industries, including financial services, manufacturing & distribution, healthcare, retail, insurance and higher education.

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Merion Announces Successful Exit from Healthcare Company

Merion Investment Partners III, L.P. is pleased to announce a successful exit from Aspekt Solutions through a sale of the company to Varian, a Siemens Healthineers company.

Aspekt Solutions, headquartered in Maryland, is a leading provider of medical physics, dosimetry, and strategy consultation services.

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Merion Invests In High-end Catering & Culinary Event Services Company

Merion Investment Partners IV, L.P. is pleased to announce a new investment in a prestigious high-end catering and culinary event services company focused on repeat events.

The company serves as a platform to execute a buy and build strategy throughout the western and southern parts of the U.S. The team, consisting of chefs from some of the top Michelin star rated restaurants in the world, handles high-profile events for an array of Fortune 500 brands and high net worth individuals.

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Zentech, a Merion Portfolio Company, appoints Tim Facklam as COO

Zentech Manufacturing, a Merion portfolio company, is pleased to announce that it has chosen Tim Facklam to be its Chief Operating Officer. Tim will be responsible for leading Zentech in a collaborative environment to continuously improve operational performance in predictability, quality, cost, and customer satisfaction, as well as supply chain and operational excellence functions. He will also serve as a key member of the Zentech Senior Leadership Team.

Tim brings over 30 years of experience in the electronics industry and has served in a variety of roles during his career – (supply chain, engineering and technology services program management, operations management).  Most recently, Tim was the Group VP of Operations at Benchmark, where he managed four sites across the US. Tim is experienced in the high reliability electronics space and is committed to Zentech’s goal of Mission Critical Manufacturing.

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Specialty Care Management, a Merion Portfolio Company, Welcomes Steve Hynes to its Board of Directors

Specialty Care Management (“SCM” or the “Company”), a Merion portfolio company, is pleased to announce that Steve Hynes has joined its Board of Directors. SCM, a portfolio company of Argosy Healthcare Partners (“AHP”), is a payor services company focused on healthcare cost containment and claims management services for the self-insured market.

Steve has spent his career building and leading healthcare services and information technology companies. Steve was previously Co-Founder and CEO of MRO Corp. (“MRO”), a technology enabled healthcare services company headquartered in Norristown, Pennsylvania. Under Steve’s leadership, MRO successfully transformed from a founder owned and operated business to an institutionally backed platform. MRO scaled and sold to Imperial Capital Partners in 2014 and then, following another transformational period of growth, sold to Parthenon Capital in 2019.

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TouchMath, a Merion Portfolio Company, Named Best New Product in EdTech Awards 2023

COLORADO SPRINGS, CO / ACCESSWIRE / May 3, 2023 / TouchMath has been honored as both finalist and a winner in several categories in EdTech Digest’s 2023 EdTech Awards. Celebrating its 13th year, the U.S.-based EdTech Awards program is the world’s largest recognition program for education technology, acknowledging the biggest names in edtech – and those who are soon to be.

TouchMath Pro won the award for Best New Product or Service (released in 2020 or later). Launched in Spring 2022, TouchMath Pro 2.0 is a powerful personalized learning tool for both general education intervention and special education student populations. TouchMath Pro includes four specialized learning modes, allowing teachers to diagnose skill gaps, set goals that support IEP implementation, reinforce skills based on individual needs, and/or provide algorithm-guided programs that move students ahead and back based on real-time responses.

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Merion Successfully Exits Investment in SRE Environmental

VLS Environmental Solutions Expands Operating Footprint With Acquisition of Merion Portfolio Company, SRE Environmental

HOUSTON, Texas, (February 8, 2023) – VLS Environmental Solutions, LLC, a Houston-based environmental services company and a portfolio company of I Squared Capital, has acquired SRE Environmental, a waste management solutions company in Phoenix, Arizona.

SRE manages millions of gallons of commercial and industrial wastewater throughout the western United States utilizing its large fleet of tanker trucks and other related transportation equipment. The company also offers solid waste management solutions and other industrial services to serve the diverse and growing needs of its clients.

SRE’s evaporation ponds provide safe, economic, and low carbon disposal solutions for compatible wastewaters. Using solar evaporation as the sole source of treatment, the facility is designed for zero discharge and zero processing. This provides clients with an environmentally friendly and a low-emission option for the treatment and disposal of compatible wastewaters.

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