M&A Deal Summary

L2 Capital Partners and Merion Investment Partners Acquire Aspekt Solutions

On June 26, 2017, family office L2 Capital Partners and mezzanine finance firm Merion Investment Partners acquired healthcare services company Aspekt Solutions

Acquisition Highlights
  • This is L2 Capital Partners’ 1st and Merion Investment Partners’ 2nd transaction in the Healthcare Services sector.
  • This is L2 Capital Partners’ 7th and Merion Investment Partners’ 24th transaction in the United States.
  • This is L2 Capital Partners’ 1st and Merion Investment Partners’ 2nd transaction in Maryland.
Investment Fate
  • Aspekt Solutions was sold to a strategic buyer in 2023.

M&A Deal Summary

Date 2017-06-26
Target Aspekt Solutions
Sector Healthcare Services
Buyer(s) L2 Capital Partners
Merion Investment Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Aspekt Solutions

Greenbelt, Maryland, United States
website
Aspekt Solutions provides radiology and radiation oncology providers the staff, guidance, and expertise they need to turn a high-risk, high-capital business into a competitive advantage. Aspekt Solutions was founded in 2000 and is based in Greenbelt, Maryland.

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Buyer(S) 2

Buyer

L2 Capital Partners

Devon, Pennsylvania, United States

Investor Investor Investor Investor Investor

website


Category Family Office
Founded 2011
Size Small
Type Sector Agnostic
DESCRIPTION

L2 Capital Partners is a lower middle-market private equity firm focused on investing in manufacturing, distribution and service companies. L2 looks to invest up to $20 million per transaction to support shareholder liquidity needs, ownership transitions, or for growth. L2 will consider opportunities throughout North America with generating $10 to $125 million in revenue and up to $20 million of EBITDA. L2 Capital was formed in 2011 and is based in Devon, Pennsylvania.


DEAL STATS #
Overall 7 of 16
Sector (Healthcare Services) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 5 of 10
State (Maryland) 1 of 2
Country (United States) 7 of 16
Year (2017) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-08 Medical Physics

Brecksville, Ohio, United States

Medical Physics is a provider of medical physics staffing and support services, based in Brecksville, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-01 Insight 2 Design

Overland Park, Kansas, United States

Insight 2 Design provides outdoor products and portable lighting. Insight 2 Design develops outdoor products like – tents, sleeping bags, packs, camping furniture, lanterns, headlamps, flashlights, and more. Insight 2 Design was founded in 2012 and is based in Overland Park, Kansas.

Buy -
DESCRIPTION

Merion Investment Partners is a mezzanine finance firm that provides subordinated debt to middle-market growth Companies generating at least $10 million in sales and at least $2 million in EBITDA. Merion focuses on opportunities in business services, specialty manufacturing, and healthcare services and products. Merion's invests in the range of $4 and $20 million per transaction. Merion Investment Partners was formed in 2003 and is based in King of Prussia, Pennsylvania.


DEAL STATS #
Overall 24 of 40
Sector (Healthcare Services) 2 of 5
Type (Buyout (LBO, MBO, MBI)) 13 of 19
State (Maryland) 2 of 3
Country (United States) 24 of 40
Year (2017) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-08 Medical Physics

Brecksville, Ohio, United States

Medical Physics is a provider of medical physics staffing and support services, based in Brecksville, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-02 Databank IMX

Beltsville, Maryland, United States

Databank IMX LLC is a provider of outsourced imaging and information solutions, including document scanning, indexing, physical and electronic document storage, and software to manage information. The company provides these services to customers in the government, higher education, healthcare, energy and general industrial markets.

Sell -