Merion Investment Partners III, L.P. is pleased to announce a successful exit from TouchMath through a sale of the company to Leeds Equity Partners.
TouchMath, headquartered in Colorado, is a leading provider of multisensory math programs designed to help students of all abilities understand and master mathematics. TouchMath empowers educators and learners with research-based strategies that enhance comprehension, fluency, and confidence in math.
Merion Investment Partners IV, L.P. is pleased to announce a new investment in Rhino Tool Company, a market leading manufacturer of post-drivers and related equipment.
The Company, headquartered in Kewanee, IL, produces post-drivers for both commercial and consumer markets under the brand names “Rhino” and “Minuteman”, respectively, and distributes its products globally. Rhino has built its strong reputation and achieved its market leadership position by continuously innovating and manufacturing high-quality products and maintaining a consistent supply for its dealers and customers for decades.
After years of catering events throughout the country, Componere formally launched its National Events division in the summer of 2023. Sarah Szor joined the team as the Senior Director of National Events bringing over 15 years of experience in luxury catering and large scale corporate production. Additionally, the company continues to build the most accomplished culinary team in the industry, most recently with the addition of Chris Littman, who was formerly the Private Dining Chef at Eleven Madison Parkwhen they were ranked #1 in the world.
The new division is off to an exciting start and has catered and consulted on several high profile events in recent months, including the VIP Opening Ceremony Party for the Formula 1 Las Vegas Grand Prix and the Super Bowl LVIII Host Committee Media Event for 6,000 guests. Componere is also looking forward to its first international project in London this summer.
Staying true to Componere’s roots, the National Events division is built on the same principles that have guided the company from day one: culinary excellence and careful attention to the details that bring all the parts together.
Merion Investment Partners IV, L.P. is pleased to announce a new investment in iFranchise Group, the nation’s leading franchise consulting firm.
iFranchise Group, and its affiliated digital marketing agency, TopFire Media, provide best-in-class franchise development, consulting, and marketing services. The company’s expert franchise consultants have worked with hundreds of franchise systems, as well as licensing and dealership organizations, leading to iFranchise ranked the #1 Franchise Consulting firm in annual surveys conducted by Entrepreneur Magazine the past 5 years. Merion partnered with Salem Investment Partners to support L2 Capital’s strategic investment in the company.
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.”
Merion Investment Partners IV, L.P. is pleased to announce a new investment in Robbins Sports Surfaces, Inc. (“Robbins”), a vertically integrated, market leading manufacturer of hardwood basketball floors.
Robbins has built its strong reputation and achieved its market leadership position by consistently manufacturing safe, high-quality floors and maintaining consistent supply for its dealers and customers for decades. The Company is the only vertically integrated participant in this space, as it proprietarily sources most of its logs, and then mills and manufactures the wood into sports and dance flooring. Robbins primarily sells its floors through a long-tenured and well-respected exclusive dealer network but also sells its portable floors directly to NCAA and NBA customers – the majority of NBA teams play and practice on Robbins floors. Merion supported L2 Capital in the acquisition of the company.
Korbyt, a Merion Portfolio Company, Receives Significant Growth Investment from Clearhaven Partners
Investment Will Bolster Leadership Position in Digital Signage and Workplace Experience Software
Dallas, TX and Boston, MA – July 18, 2023 – Korbyt, a leading provider of digital signage and workplace experience software, announced that it has received a significant growth investment from Clearhaven Partners (“Clearhaven”), a dedicated software- and technology-focused private equity firm based in Boston. The partnership with Clearhaven will accelerate Korbyt’s growth trajectory by expanding reseller and technology partnerships, facilitating customer support growth, as well as supporting additional innovation in Korbyt’s industry-leading, cloud-native SaaS platform. Financial terms were not disclosed.
The Company’s cloud-based Korbyt Anywhere SaaS platform is the leading next-generation technology platform for corporate omni-channel communications and content management, enabling organizations to create and distribute compelling messages and visualize mission-critical data to boost contact center agent and frontline worker productivity. Korbyt is the workplace experience technology partner of choice for 400 global enterprises, including 60 of the Fortune 100 across many industries, including financial services, manufacturing & distribution, healthcare, retail, insurance and higher education.
Merion Investment Partners IV, L.P. is pleased to announce a new investment in 4All Promos, a leading direct marketer of promotional products.
The company is highly adept at digital marketing, has leading-edge technological capabilities, delivers an excellent customer experience, and enjoys high barriers to entry due to its advanced operating platform, large database of unique customers and deep supplier connections. Merion partnered with Spring Capital to provide subordinated debt and equity.
Merion Investment Partners III, L.P. is pleased to announce a successful exit from Aspekt Solutions through a sale of the company to Varian, a Siemens Healthineers company.
Aspekt Solutions, headquartered in Maryland, is a leading provider of medical physics, dosimetry, and strategy consultation services.
Merion Investment Partners IV, L.P. is pleased to announce a new investment in a prestigious high-end catering and culinary event services company focused on repeat events.
The company serves as a platform to execute a buy and build strategy throughout the western and southern parts of the U.S. The team, consisting of chefs from some of the top Michelin star rated restaurants in the world, handles high-profile events for an array of Fortune 500 brands and high net worth individuals.