Merion Investment Partners provided subordinated debt and equity to support an add-on acquistion by Nelbud Services Group, Inc. (“Nelbud”), a Merion portfolio company.
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ITelagen, a Merion Portfolio Company, featured in Spring 2013 issue of Inside Healthcare
With the rapid transition from paper to EHR, the enterprise-grade healthcare IT services provided by ITelagen are invaluable.
3/22/2013
www.inside-healthcare.com, Russ Gager
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Merion Announces New Investment in Manufacturer of Emission Control Flares
Merion Investment Partners provided subordinated debt and equity to support the purchase of ABUTEC Holdings (“ABUTEC”). Read more
ITelagen, a Merion Portfolio Company, Completes Transition to a NextGen VAR
ITelagen completes transition to Value Added Reseller (VAR) for NextGen Healthcare;
Will expand medical practice clients needing EHR support, hosting and system administration
2/14/2013
ITelagen Press Release
ITelagen has finalized the transition to become a Value Added Reseller (VAR) for NextGen Healthcare Information Systems, LLC., a wholly owned subsidiary of Quality Systems, Inc. (NASDAQ: QSII) and a leading provider of healthcare information systems and connectivity solutions. The transition positions ITelagen as the 3rd largest reseller of NextGen® solutions. ITelagen’s new status as a NextGen Healthcare VAR expands its East Coast service base from Maine to the British Virgin Islands, by acquiring 87 additional clients, and enabling a service reach that covers all parts of the country. Read more
TransForce, a Merion Portfolio Company, Completes Acquisition
TransForce acquires Superior Driver Source of Tennessee and the Carolinas
1/21/2013
TransForce Press Release
Alexandria, VA – January 21, 2013 — TransForce, Inc., an industry leader in providing professional commercial truck drivers on a temporary, contingent or contract basis and transportation compliance services, announced that it has acquired Superior Driver Source, Inc. and Superior Driver Source of the Carolinas (Superior). Superior provides commercial truck drivers in the southeastern U.S. with operations in Tennessee, North Carolina, Kentucky, Georgia, Mississippi and South Carolina. Superior’s senior management has joined TransForce’s leadership team and will assume key regional management roles, ensuring seamless customer service. Terms of the transaction were not disclosed.
The Superior acquisition enhances TransForce’s ability to serve a wide range of customer needs within this region. Including Superior’s operations, TransForce serves over 40 markets throughout the U.S., serving national, regional and local motor carriers.
“Superior is the perfect fit for us. Both companies have a keen focus on providing quality drivers with impressive safety records. This combination has allowed both companies to prosper by providing exemplary customer service and a great working environment for our drivers” said David Broome, CEO of TransForce. Gina Colbert, President of Superior, will be leading the transition under the TransForce banner. According to Gina, “The combination of Superior and TransForce provides increased opportunities for professional development for both our drivers and our staff. More importantly, our existing customers can now benefit from a broader and deeper range of services supported by the nationwide resources at TransForce.”
Future acquisitions are part of the TransForce growth strategy. “Traditionally, we have pursued a strategy of organic growth. We now plan to accelerate our growth trajectory by acquiring companies like Superior that provide quality professional drivers with safe operating histories to a broad range of customers. Our goals are to increase the number of markets we serve and to be the market leader in each and every market in which we are present” said David Broome, CEO of TransForce. TransForce was advised in this transaction by one of its equity sponsors, The Argentum Group, with financing provided by SunTrust Bank.
About TransForce
TransForce was founded in 1991 and has operations in 26 states. TransForce specializes in providing quality commercial truck drivers to the transportation industry that includes trucking companies, third party logistics companies as well as private fleets. TransForce also offers department of transportation compliance services that include DOT audit preparedness, qualification file services and training, and federal motor carrier regulation education services.
Merion Announces New Investment in Multi-Channel Marketing Provider
Merion Investment Partners provided subordinated debt and equity for an investment in Strategic Marketing, Inc. (“Strategic Marketing”).
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Merion Provides Growth Financing
Amtech LLC Acquires Arrowhead Composites and Thermoplastics — Alabama-based composite manufacturing plant will serve Southeast, Midwest and Atlantic
1/10/2013
Amtech Press Release
Wapato, Wash., January 10, 2013 – Amtech LLC, an industry-leading manufacturer of fiber-reinforced plastic components (“FRP”) for a wide array of industries, today announced the acquisition of Arrowhead Composites and Thermoplastics, an Elmore, Ala.-based division of Arrowhead Plastic Engineering, Inc., a FRP manufacturing facility serving the transportation, recreation, and utility industries.
Merion Announces Exit from Specialty Manufacturer
In 2012, Merion Investment Partners successfully exited its investment in Olympia Chimney Supply, Inc. (“Olympia”) via sale to a financial buyer.
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Merion Announces New Investment in IT Solutions Provider focused on Cloud Computing
Merion Investment Partners provided subordinated debt to support an acquisition by Stratos Management Systems (“Stratos”). Read more
InteliChart, a Merion Portfolio Company, Completes Development Agreement with RelayHealth
InteliChart Completes Development Agreement with RelayHealth Expanding Cost-Effective Health System Data Exchange
12/18/2012
Press Release
Partnership Provides Cost-Effective, Standards-Based Acute and Ambulatory Bi-directional Connectivity for Electronic Health Record Systems
ALPHARETTA, Ga.–(InteliChart, Inc. today announced the completion of a development agreement with RelayHealth, establishing cost-effective, integrated healthcare information exchange between hospital and ambulatory settings. Read more
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