devadmin No Comments

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.”

Read more
devadmin No Comments

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.

devadmin No Comments

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.

 

devadmin No Comments

Merion Announces New Investment in Specialty Manufacturer

Merion Investment Partners III, L.P. is pleased to announce a new investment in Magma Products (“Magma”). Merion provided subordinated debt and equity to support the acquisition of the company by a private equity firm.

Headquartered in California, Magma is the leading manufacturer and marketer of high-quality cookware products designed for use in harsh marine and outdoor environments.

devadmin No Comments

Merion Announces Successful Exit from Mortgage Services Business

Merion Investment Partners III, L.P. is pleased to announce a successful exit from CIS Credit Solutions (“CIS”). Merion provided subordinated debt to support the acquisition of CIS by a single family office in 2018.

The company, headquartered in Allamuchy, NJ, is a leading provider of credit reports and complementary services to mortgage lenders, brokers and banks.

Merion retains a residual equity participation in the company.

 

devadmin No Comments

L3HARRIS TECHNOLOGIES COMPLETES SALE OF EOTECH TO AMERICAN HOLOPTICS

MELBOURNE, FLA.
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.

devadmin No Comments

Merion Portfolio Company Zentech Manufacturing Acquires Trilogy Circuits

Zentech accelerates effort and strategy to build leading electronics manufacturing services (EMS) provider for Defense, Aerospace, Medical and other high-reliability industries

Merion Portfolio Company, Zentech Manufacturing, Inc., is pleased to announce the acquisition of Trilogy Circuits, LLC.

Trilogy Circuits, LLC , based in Richardson, TX., is AS9100D certified and has a near twenty-year legacy of providing exemplary high-technology electronics manufacturing services (EMS), products and support to the many military primes and other high-reliability industries, both in Texas and nationwide.

Following the transaction, Trilogy Circuits, LLC. will become Zentech Dallas (TX), and joins the Zentech family of companies that also includes Zentech Baltimore (MD) and Zentech Fredericksburg (VA).

Zentech is led by CEO Steve Pudles. Steve has a thirty-year track record of building EMS businesses with industry-leading technology, process, quality and customer service. He is a twenty-year member and past chairman of the Board of Directors of the IPC (Association Connecting Electronics Industries).

Read more

devadmin No Comments

Merion Announces New Investment in EMS Provider for Aerospace

Merion Investment Partners III, L.P. is pleased to announce a new investment in Zentech Manufacturing, Inc. (“Zentech”).  Merion provided subordinated debt and equity to support the acquisition of the company by a private equity firm.

Zentech is an engineering-driven electronics contract manufacturer specializing in the design and manufacture of highly complex electronic and RF circuit cards and assemblies.  The company is headquartered in its purpose-built facility located in Baltimore, MD, with subsidiary operations in Fredericksburg, VA.

devadmin No Comments

Merion Announces New Investment in Global Art Company

Merion Investment Partners III, L.P. is pleased to announce a new investment in Kalisher. Merion provided subordinated debt to support the company’s acquisition of Soho Myriad, Inc. (“Soho”). Kalisher is a North Carolina based creator, curator and manufacturer of art for the commercial hospitality industry. Soho is an Atlanta based consultant, curator and manufacturer of custom art packages. The joining of the two companies brings Soho’s deep experience of producing art with outside artists into harmony with Kalisher’s team of in-house artists and curators.