DEVON, PENNSYLVANIA – September 26, 2023 – L2 Capital is pleased to announce the sale of Aspekt Solutions (‘the Company’, formerly Medical Physics Holdings), a leading provider of medical physics, dosimetry, and strategy consultation services, to Varian, a Siemens Healthineers company. This transaction represents the successful realization of L2 Capital’s 2017 investment in Medical Physics Holdings. Terms of the deal were not disclosed.

Under L2’s ownership, Aspekt Solutions underwent significant corporate leadership changes, executed a transformational acquisition, and developed a flexible solutions portfolio to meet client needs. This investment allowed the Company to significantly grow its core clinical medical physics services business, increase portfolio breadth, expand its geographic footprint, and position the business for rapid growth.

“This successful exit illustrates how our team collaborates with founders and transforms niche market leading businesses into mass market solutions. Over the course of the investment, we recruited a new CEO with a demonstrated track record in healthcare, worked with the leadership team to craft and execute a focused strategic plan, and completed a high-impact add-on acquisition. We are very proud of what we have accomplished together,” commented Connor McMahan, Partner at L2 Capital. “All this was achieved while ensuring that the team and the Company had the right resources and investment required. We always believed that the Aspekt offering delivered best in class clinic and patient outcomes; the Aspekt team built upon that foundation to lead the Company to its current level. We are confident in their continued success.”

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Zentech Manufacturing, a Merion portfolio company, is pleased to announce that it has chosen Tim Facklam to be its Chief Operating Officer. Tim will be responsible for leading Zentech in a collaborative environment to continuously improve operational performance in predictability, quality, cost, and customer satisfaction, as well as supply chain and operational excellence functions. He will also serve as a key member of the Zentech Senior Leadership Team.

Tim brings over 30 years of experience in the electronics industry and has served in a variety of roles during his career – (supply chain, engineering and technology services program management, operations management).  Most recently, Tim was the Group VP of Operations at Benchmark, where he managed four sites across the US. Tim is experienced in the high reliability electronics space and is committed to Zentech’s goal of Mission Critical Manufacturing.

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Specialty Care Management (“SCM” or the “Company”), a Merion portfolio company, is pleased to announce that Steve Hynes has joined its Board of Directors. SCM, a portfolio company of Argosy Healthcare Partners (“AHP”), is a payor services company focused on healthcare cost containment and claims management services for the self-insured market.

Steve has spent his career building and leading healthcare services and information technology companies. Steve was previously Co-Founder and CEO of MRO Corp. (“MRO”), a technology enabled healthcare services company headquartered in Norristown, Pennsylvania. Under Steve’s leadership, MRO successfully transformed from a founder owned and operated business to an institutionally backed platform. MRO scaled and sold to Imperial Capital Partners in 2014 and then, following another transformational period of growth, sold to Parthenon Capital in 2019.

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COLORADO SPRINGS, CO / ACCESSWIRE / May 3, 2023 / TouchMath has been honored as both finalist and a winner in several categories in EdTech Digest’s 2023 EdTech Awards. Celebrating its 13th year, the U.S.-based EdTech Awards program is the world’s largest recognition program for education technology, acknowledging the biggest names in edtech – and those who are soon to be.

TouchMath Pro won the award for Best New Product or Service (released in 2020 or later). Launched in Spring 2022, TouchMath Pro 2.0 is a powerful personalized learning tool for both general education intervention and special education student populations. TouchMath Pro includes four specialized learning modes, allowing teachers to diagnose skill gaps, set goals that support IEP implementation, reinforce skills based on individual needs, and/or provide algorithm-guided programs that move students ahead and back based on real-time responses.

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Zentech Manufacturing Inc, an Electronic Manufacturing Services (EMS) and Merion Portfolio Company is pleased to announce that it has been awarded the Stan Plzak Corporate Recognition Award. This award is named for former IPC Board Chairman Stanley Plzak and recognizes Zentech’s contributions to the electronics assembly industry and its support of the IPC through participation in technical and management programs. Zentech is proud to have actively worked with the IPC for many years to improve outcomes in our industry.

“Zentech is honored to be given an award named after one of the pioneers in the EMS industry, said President and CEO Steve Pudles. “Over our 25-year history, Zentech has been involved in a wide range of IPC activities and was one of the first EMS companies to earn the IPC 1791 and IPC 610 certifications. We believe in the IPC’s mission to ‘build electronics better’ and encourage all member companies to participate in IPC programs and initiatives so together we can make our industry stronger and more successful.”

“IPC benefits tremendously from Zentech’s leadership, knowledge and expertise,” said John W. Mitchell, IPC president and CEO. “For many years, Zentech has consistently provided staff resources to standards development and other IPC programs and initiatives. IPC is privileged to have Zentech in our membership; their involvement in IPC has directly contributed to IPC’s global growth in the electronics industry.”

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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.

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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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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