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Merion Portfolio Company, Askpekt Solutions, Completes Acquisition

 

 

 

 

 

 

Aspekt Solutions is Expanding
Merion and one of our portfolio companies, Aspekt Solutions, are thrilled to announce the acquisition of Landauer’s Therapy Physics Business. The integration of these two organizations will create one of the largest, independent medical physics groups in the United States bringing together a talented team of physicists and dosimetrists. This move is the third strategic acquisition by Aspekt Solutions, increasing its presence in key markets to build a truly national medical physics organization. The acquisition will also build on the world-class residency program Landauer created to develop the next generation of medical physics talent.

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Gayle Hughes, Partner at Merion, Named as SBIA Chair

SBIA Membership Elects 2022-2023 Officers and Board of Governors

October 3, 2022 (Washington, D.C.) – The Small Business Investor Alliance (SBIA), the leading association for lower middle market private equity funds and investors, today announced its new 2022-2023 Board of Governors, including our Board Officers, Regional Presidents, At-Large Board Members, and designated Council Chairs. Gayle Hughes, co-founder and Partner of Merion Investment Partners and a member of the Mellon Growth Finance team, is the incoming Chair. Gayle has over 35 years of lending experience and has spent over half of her career working with entrepreneurial firms providing growth capital via leveraged cash flow and mezzanine. She was first elected to the SBIA Board of Governors in 2012 and has previously served our association as President of the Northeast Region, SBIC Council Chair, Secretary, Treasurer, Vice Chair and Chair-Elect.

“We’re pleased to welcome our new Board members, all of whom have shown a strong commitment to SBIA over the years,” said SBIA President Brett Palmer. “We are privileged to have at our helm a group of experienced small business professionals from diverse geographies and representing a range of investment strategies. The SBIA Board of Governors is a powerful component of our association’s success, and we rely on the dedication, service and guidance of our members.”

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Zentech Appoints Rich Fitzgerald, Experienced EMS Leader, as Chairman of the Board

Baltimore, MD, June 27, 2022 – Zentech Manufacturing is pleased to announce that Rich Fitzgerald has joined the business as Chairman of the Board. Rich has 26 years of executive management experience in electronics manufacturing and distribution. Rich brings significant experience in the areas of customer service, operations, quality, supply chain, design and engineering.

Most recently, Rich was the Chief Operations Officer of SMTC Corporation, and has also held senior leadership roles at Avnet, Qual-Pro, CTS, and Intel. Rich serves on the Association of Manufacturing Excellence (AME) National Board of Directors and leads the finance committee. Prior to his career in the electronics industry, Rich honorably served as an Officer in the U.S. Marine Corps, earned a BA in Business Management from the University of Maryland Annex, and attended the Center for Creative Leadership’s LAP Executive Leadership Program. Rich has also made a significant personal investment into Zentech.
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Magma Reinvents Outdoor Cooking With Crossover Series Cooking System

LAKEWOOD, Calif., and BATON ROUGE, La., Jan. 11, 2022 /PRNewswire/

Magma Products, a leading maker of premium marine and outdoor grills, announces the launch of its new Crossover Series, a versatile, portable cooking system built for RV travelers and tailgaters that delivers the durability and aesthetics of stainless steel with the ability to transform from stove to grill, pizza oven, griddle, or plancha. The Crossover Series is available exclusively online through BBQGuys, a leading e-commerce retailer for grilling and outdoor living products.

Boaters and sailors have trusted Magma’s high-quality grills in harsh saltwater conditions for over 45 years. Magma engineered the same dependability into the Crossover, using premium materials and construction, including brushed 304 stainless steel and cast aluminum. While the Crossover Series signals Magma’s entrance into the RV and tailgating markets, Magma will continue serving boaters with a marine version of the Crossover built with non-corrosive, mirror-polished 304 stainless steel.

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Merion Announces New Investment in Environmental Services Provider

Merion Investment Partners III, L.P. is pleased to announce a new investment in SRE Environmental Companies (“SRE”), a waste transportation business based in the southwest. Merion provided subordinated debt to provide growth capital to SRE.

SRE is a turnkey non-hazardous waste transportation business that offers loading, hauling, disposal, vactor and waste processing services. For processing, SRE operates five acres of salt and brine water evaporation ponds. The growth capital will be utilized to expand existing waste processing capabilities to ten acres and support the development of new operations in the California market where SRE is seeing increased demand.

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Merion Announces New Investment in Eyecare Services Provider

Merion Investment Partners III, L.P. is pleased to announce a new investment in The Eye Health Group, a New Jersey based medical optometric service provider. Merion provided subordinated debt and equity to support the acquisition of The Eye Health Group. Merion was joined in the investment by Beverly Capital and Everside Capital.

The Eye Health Group is a leading vision support organization that assists its nine New Jersey and New York practice providers in performing comprehensive eyecare services. The Eye Health Group provides a full suite of medical eyecare services, from diagnosis and management of eye diseases to pathology, lab testing and pre- and post-operative care for surgical patients, as well as prescribing and dispensing contact lenses and vision corrective glasses. The Eye Health Group’s management team will remain involved in the operations of the business.

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Aspekt Solutions, a Merion Portfolio Company, Acquires Nordic Medical Physics

GREENBELT, Md.–(BUSINESS WIRE)–Aspekt Solutions, a leading provider of radiation oncology and radiology solutions, is pleased to announce the acquisition of Nordic Medical Physics. This strategic acquisition increases the consulting capabilities and expands the geographic footprint of Aspekt Solutions

Nordic Medical Physics adds to the previous investments Aspekt Solutions has made in the past year. “I have known Norm and respected his accomplishments in the Medical Physics profession for decades,” said Arnie Able, President and Chief Physicist at Aspekt Solutions. “The addition of Nordic Medical Physics notably expands our geographical reach and our ability to deliver scaled solutions wherever needed and enhances our ability to successfully compete with larger and publicly-traded companies in our industry.”

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Merion Announces New Investment in Data Security Provider

Merion Investment Partners III, L.P. is pleased to announce a new investment in CRU Data Security Group LLC (“CDSG”). Merion provided subordinated debt with warrants to support the merger of Cru and Digistor.

Headquartered in Vancouver WA, CDSG is a trusted provider of data security, data transport and disaster-proof data storage device. Digistor is a leading manufacturer of secure solid-state drives and removable storage solutions. Adding Digistor to the CDSG family of brands expands and strengthens secure data storage offerings for PC and enterprise OEMs, government agencies and defense and military customers.

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Merion Announces New Investment in Specialized Optics Manufacturer

Merion Investment Partners III, L.P. is pleased to announce a new investment in American Holoptics. Merion provided subordinated debt with warrants to support the acquisition of EOTech from L3 Harris.

Headquartered in Michigan, EOTech designs, manufactures and markets electro-optical products, rifle optics, thermal devices, and night vision systems. Due to its advanced technology, EOTech holographic weapon sights are among the fastest and most intuitive sighting systems on the planet and sold to military, law enforcement and commercial markets around the world. By combining EOTech with its current businesses Elite Defense and HEL Technologies, American Holoptics represents a solid foundation of cutting-edge optical science and optical accessories distribution.