Merit Capital Partners and Fulton Capital Invest in Carl's Place

Merit Capital Partners and Fulton Capital Acquire AFX, Inc.

March 7, 2024

Manufacturing

Merit Capital Partners and Fulton Capital partnered with AFX management to acquire AFX, Inc., a Waukegan, Illinois-based designer, assembler and distributor of contemporary and decorative lighting fixtures. Merit provided subordinated debt and equity to support the transaction; the deal positions AFX to continue expanding sales and improving operations across its commercial, residential and hospitality end markets.

Carlson Private Capital Partners Invests in Millennium

December 7, 2021

Telecommunications

Carlson Private Capital Partners (CPC) made a significant investment in Millennium, a Delavan, Wisconsin-based value-added distributor and service provider for broadband infrastructure; the transaction closed on November 30, 2021 and financial terms were not disclosed. CPC said the investment will accelerate Millennium’s growth and support expansion into new geographies and enhanced product and technology capabilities while partnering with founder/management.

Wealth Partners Capital Group and HGGC Invest in Merit Financial Group

December 31, 2020

Financial Services

Merit Financial Group, a hybrid RIA based in Alpharetta, Georgia, received a strategic growth investment from Wealth Partners Capital Group (WPCG) and a group of supporting investors led by private equity firm HGGC. The capital and partnership will support Merit's organic growth and accelerate its M&A strategy to expand its national footprint and advisor partnerships; Merit's management entered into long-term employment agreements and the deal closed December 31, 2020.

P2G Capital and Merit Capital Partners Acquire Circuit Check Holdings, Inc.

February 22, 2024

Manufacturing

P2G Capital partnered with Merit Capital Partners and Circuit Check management to acquire Circuit Check Holdings, Inc., a Maple Grove, Minnesota–based designer and manufacturer of precision test systems and test automation solutions. The investors intend to position Circuit Check as a growth platform to introduce new technologies and expand its offerings across end markets including IT, aerospace & defense, medical and automotive.

Onward Capital and Merit Capital Acquire PFI InStore

December 8, 2023

Manufacturing

Onward Capital and Merit Capital Partners acquired PFI InStore, a St. Louis–area designer and manufacturer of retail point-of-purchase displays and store fixtures. The transaction transfers ownership from a group of prior financial sponsors and positions PFI for operational enhancements, continued acquisitions, and expansion into new end markets.

Southfield Capital Partners with Franchise FastLane

May 11, 2022

Consulting

Southfield Capital has entered a strategic partnership with Franchise FastLane, an Omaha-based franchise sales organization, providing private equity capital to support the company's growth while founders Carey Gille and Ryan Zink remain involved (Gille as CEO, Zink as board advisor). The investment will fund expansion of FastLane's core franchise sales offering and new services for franchisors; Twin Brook Capital Partners provided debt financing and Boxwood Partners acted as exclusive financial advisor to Franchise FastLane.