Merit Capital Partners is pleased to announce two new Fund VI investments. With these recent transactions, Fund VI now has 10 platform investments in the portfolio. Notably, both of these transactions were completed alongside an independent sponsor; a platform that continues to be a highly attractive to Merit. To date, Merit has invested approximately 55% of Fund VI’s $536 million of committed capital and we continue to actively pursue new investment opportunities as well as seeking add-on acquisitions for existing portfolio companies. In addition to supporting independent sponsor transactions, Merit is actively looking to partner with business owners, management teams and shareholders to provide flexible capital for management buyouts, recapitalizations, acquisition financings, ESOPs and other shareholder liquidity events.
MERIT SUPPORTS THE ACQUISITION OF MICROPRECISION LLC IN PARTNERSHIP WITH MARK SARDER AND TYRIAN CAPITAL LLC
In the first quarter of 2019, Merit Capital Partners, together with the incoming CEO, Mark Sarder, and Tyrian Capital LLC, completed the acquisition of MicroPrecision, LLC (“MicroPrecision” or the “Company”). Headquartered in Delavan, Wisconsin, MicroPrecision produces precision-machined parts. Founded in 1950, the Company manufactures thousands of extremely tight tolerance, build-to-specification parts for blue chip customers in the medical, climate control, non-auto engine, automation and other industries.
Merit provided subordinated debt and equity in this investment. Please contact Tom Campion or John Darguzas for more details.
MERIT SUPPORTS THE ACQUISITION OF CLASSIC BRANDS LLC IN PARTNERSHIP WITH AIGLON CAPITAL AND MANAGEMENT
In the first quarter of 2019, Merit Capital Partners, together with Aiglon Capital and existing management, completed the acquisition of Classic Brands, LLC (“Classic Brands” or the “Company”). Headquartered in Denver, Colorado, Classic Brands is a designer, marketer and wholesale distributor of wild bird feeders and related birding products. The Company markets its products under four brands and sells in the lawn and garden departments of major retailers, through distribution to niche stores and online.
Merit provided subordinated debt and equity in this investment. Please contact Dan Pansing or Joe Polaneczky for more details.