News

Merion Investment Partners III, L.P. is pleased to announce a new investment in Tru Fit Athletic Clubs. Merion provided capital to complete the recapitalization of Tru Fit Athletic Clubs and the simultaneous acquisition of Freedom Fitness (collectively the “Company”), the two largest fitness club chains in the Rio Grande Valley. Headquartered in McAllen, Texas, the Company has a growing membership base across 13 locations throughout the Rio Grande Valley and San Antonio operating under the Tru Fit brand.

Merion Investment Partners is excited to announce a successful exit from WorkplaceDynamics, LLC (“WorkplaceDynamics”), a leading provider of employee engagement solutions. Headquartered in Exton, PA., WorkplaceDynamics has leveraged years of deep experience in workplace research and neuroscience to develop the industry’s first employee-centric end-to-end engagement platform.

Merion, as the sole institutional investor, originally invested in the company in 2013 to support a management recapitalization which left the current CEO as controlling shareholder. Over the next several years the company was successful in increasing service offerings and growing sales at a 29% CAGR. Merion believes this transaction reflects the profile of how we work directly with management to provide capital and resources to small businesses in order to help them achieve the next level of growth.

Merion is pleased to announce a successful exit from DataBank Holdings, LLC (“DataBank”), a leading outsourced imaging and information management provider, 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.

Merion Investment Partners III, L.P., is excited to announce a new investment in Sheer Strength (the “Company”), one of the fastest growing sports nutrition companies in the United States. Merion provided subordinated debt and equity to support Baymark Partners and its acquisition of the Company.

Sheer Strength uses only the highest-quality, most effective ingredients available, carefully formulated and manufactured for optimum results. All of the products are built on a solid foundation of proven science and real results with accurate and transparent labeling. The Company has become one of the leading supplement brands sold through several e-commerce channels.

Merion Investment Partners III, L.P., is excited to announce a new investment in Medical Physics Holdings (the “Company”), a leading provider of medical physics staffing and support services throughout the United States. Merion provided subordinated debt and equity to support L2 Capital Partners and its acquisition of the Company (operating as Associates in Medical Physics LLC and Radiation Management Associates LLC).

The Company provides highly technical staffing solutions to major oncology centers, as well as machine diagnostic and related regulatory services to hospitals, independent centers, imaging centers and private practices.

Merion Investment Partners is excited to announce a successful exit from Midwest Automotive Designs LLC, a leading custom van upfitter, through an acquisition by REV Group (REVG) a $2+ billion manufacturer of industry-leading specialty vehicle brands and leading provider of parts and services.

Merion acted as the lead investor and teamed with Petra Capital Partners in the purchase of the company in partnership with Pegasus Capital. We are pleased to have had the opportunity to work with the excellent management team we recruited to the company to support its founder, Tim Gray, who remained a significant shareholder, in accelerating the growth of the business. Merion believes this transaction reflects the profile of how we work with partners and sponsors to support change of control transactions in our lower middle market focus industries.

Headquartered in Elkhart, IN, Midwest develops and manufactures luxury vehicles for end segments including motorhomes, shuttle vans, limousines, and customized executive transportation vehicles. During Merion’s investment period, the company grew revenues and EBITDA at a CAGR of 32% and 24% respectively.