Merion Investment Partners provided subordinated debt and equity to support an add-on acquistion by Nelbud Services Group, Inc. (“Nelbud”), a Merion portfolio company.
Nelbud is a leading provider of commercial kitchen fire prevention and related maintenance services, including exhaust and ventilation system cleaning and inspection. The acquisition primarily allows Nelbud the opportunity to expand geographically into new attractive growth locations in the Midwest and Southeast while also allowing further market penetration across a wider customer base.