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Merion Answers the Question: Can Philly be a Financial Services Hub?

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.


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IPC Invites Zentech to White House

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.

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Merion Announces Successful Exit from Transportation Logistics Company

Merion is pleased to announce a successful exit from TLC Companies (“TLC”) through a sale to an affiliate of SE Capital Partners.

TLC, based in Brooklyn Center, MN, is the nation’s largest provider of outsourced human resource services, including payroll processing, workers compensation insurance and other employee benefits for the transportation industry.

Merion originally invested sub debt and equity in TLC in 2012.  The sale is the culmination of a successful partnership alongside High Street Capital and TLC’s management, along with co-investors Cohesive Capital Partners and Marquette Capital Partners.

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Merion Announces New Investment in Digital Signage Software Provider

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

Headquartered in Dallas, TX and with offices worldwide, RMG goes beyond traditional communications to help businesses increase productivity, efficiency and engagement through digital messaging. By combining best-in-class software, hardware, business applications and services, RMG offers a single point of accountability for integrated data visualization and real-time performance management.

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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 Announces New Investment in Education Curriculum Provider

Merion Investment Partners III, L.P. is pleased to announce a new investment in TouchMath.  Merion provided subordinated debt and equity to support the acquisition of the company by an independent sponsor.

Headquartered in Colorado Springs, CO, TouchMath is a creator, publisher and distributor of supplemental math curriculum materials. Since 1975, TouchMath has delivered the only multisensory math program that uses the numeral itself as a manipulative.  The company offers complete instructional programs for pre-k through upper grades with materials built on the Common Core State Standards.

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Merion Announces New Investment in Specialty Home Health Provider

Merion Investment Partners III, L.P. is pleased to announce a new investment in Amazing Care Home Health Services, Inc. (“Amazing Care”).  Merion provided subordinated debt and equity to support the acquisition of the company by a private equity sponsor.

Headquartered in Aurora, CO, Amazing Care is a home healthcare agency providing skilled nursing, private duty nursing, and other services to both adult and pediatric patients. The goal of this acquisition is to help Amazing Care become one of the nation’s leading providers of home healthcare services by growing the business both organically and through strategic acquisitions in other states outside of their four current locations in Colorado.

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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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Merion Announces New Investment in eCommerce Solutions Company

Merion Investment Partners III, L.P. is pleased to announce a new investment in Brand Value Accelerator, LLC (“BVAccel”).  Merion provided subordinated debt and equity to support the acquisition of BVAccel by a family office.

Headquartered in San Diego, CA, BVAccel is an eCommerce solutions agency and the largest Shopify Plus focused implementation consulting firm in the world.  The Company’s comprehensive service offering of Design & Development, Strategy & Optimization and Marketing Services allows it to serve as a leading one-stop shop for retailers and brands looking to expand their online commerce presence.