Lower middle market mezzanine and equity investor (SBIC)
Merion Investment Partners
- HeadquartersBerwyn, PA S1
- Founded2003 S2
- Websitemerionpartners.com
- Last verifiedNovember 5, 2026
At a glance
| Assets under management | $550M (as of Nov 2026) S2 |
|---|---|
| EBITDA range | $2M+ S3 |
| Revenue range | $10M+ S3 |
| Check size | $4M to $20M S3 |
| Deal types | Growth S3 |
| Geography | United States S3 |
| Sectors | Industrial & Manufacturing, Healthcare Services, HVAC, Plumbing & Electrical, Accounting & Professional Services |
What Merion Investment Partners buys
Merion is a Pennsylvania mezzanine investor, founded in 2003 and now on its fourth fund, that manages more than $550 million through SBIC funds. It usually does not buy a company outright. It backs a sponsor, an independent sponsor or an owner with subordinated debt and equity, which pays for an acquisition, a management buyout, a generational transfer, a partner buyout or growth. Billy Pugh and Melink are recent examples of that debt and equity mix.
It puts $4 million to $20 million into US companies with more than $10 million of revenue and more than $2 million of EBITDA. Focus areas are business services, specialty manufacturing, healthcare, profitable technology companies and eCommerce. It works directly with entrepreneurs as well as with private equity firms, so an owner can approach it directly, without a sponsor. An owner selling to a smaller sponsor may also meet Merion as that sponsor's financing partner.
Recent deals
Announced in the 24 months before November 5, 2026.
| Date | Company | Type | Sector | Source |
|---|---|---|---|---|
| Apr 2026 | Crawl ProsFund IV backing, alongside independent sponsor Momentum Holdings, for a Washington and Oregon attic and crawl space services company | Investment | Source | |
| Mar 2026 | Aspire Physician Solutions / Hansel Union ConsultingFund IV backing for a Portsmouth, Virginia provider of behavioral, speech and other therapies for people with disabilities | Investment | Healthcare Services | Source |
| Feb 2026 | Melink CorporationSubordinated debt and equity for a Milford, Ohio commercial HVAC testing, commissioning and energy products company | Investment | HVAC, Plumbing & Electrical | Source |
| Jun 2025 | Billy Pugh CompanySubordinated debt and equity for a Corpus Christi, Texas maker of offshore safety equipment | Investment | Industrial & Manufacturing | Source |
| Apr 2025 | Stiffy Safe Hand ToolsHands-free tool product line bought from Fibertex Supply by Billy Pugh Company | Add-on | Industrial & Manufacturing | Source |
| Jan 2025 | FranDevCoFranchise development firm bought by Full Spectrum Franchise Consulting, parent of Merion portfolio company iFranchise Group | Add-on | Accounting & Professional Services | Source |
| Nov 2024 | TouchMathFund III sold the Colorado math curriculum provider to Leeds Equity Partners | Exit | Education | Source |
Portfolio by sector
From the firm's portfolio page S4.
Business Services
- CCP
- Crawl Pros
- Ansera
- Melink Corporation
- iFranchise Group
- Radius
eCommerce
- 4 All Promos
Healthcare
- Hansel Union
- Eye Health Group
Manufacturing
- Billy Pugh Company
- Missouri Pipe Fitting
- Robbins Sports Surfaces
- Rhino Tool
- Magma USA
- Zentech
- Kalisher
- Indigo Signworks
Other
- Componere
- Trufit Athletic Clubs
Greymont’s take
How Merion Investment Partners fits a seller
Merion suits two kinds of owner. One wants money for growth, a partner buyout or a family transfer but does not want to hand over the company. The other is selling to a small sponsor who needs a financing partner, as with Momentum Holdings at Crawl Pros. Either way, a chunk of what Merion provides is debt, so the business needs steady cash flow to carry the interest.
The firm says mezzanine often costs less than equity, which can leave an owner with more of the company than a straight equity raise would. It is not a buyer that leads a full sale on its own. Ask what interest and repayment terms apply, how much equity Merion takes alongside the debt, and what rights it has if results fall short.
Questions owners ask
Does Merion Investment Partners buy companies outright?
Usually not. Merion provides subordinated debt and equity, often beside a sponsor or an independent sponsor, though it also works directly with entrepreneurs. Its Billy Pugh and Melink announcements both describe that mix of debt and equity.
How much does Merion invest, and in what size of company?
It invests $4 million to $20 million in US companies with revenue above $10 million and EBITDA above $2 million, in business services, specialty manufacturing, healthcare, technology and eCommerce.
Is Merion still making new investments?
Yes. Its fourth fund announced investments in Melink in February 2026, Aspire Physician Solutions in March 2026 and Crawl Pros in April 2026, and its newest news post was that April 2026 announcement.
Sources
- S1Merion Investment Partners home page Accessed November 5, 2026
- S2Merion: About Us Accessed November 5, 2026
- S3Merion: Investment Criteria Accessed November 5, 2026
- S4Merion: current portfolio listing (with page 2 and the sector listings) Accessed November 5, 2026
- S5Merion: Contact Us Accessed November 5, 2026
- S6Merion Announces Investment in Billy Pugh, Manufacturer of Safety Equipment (June 18, 2025) Accessed November 5, 2026
- S7Merion Announces Investment in Melink (February 11, 2026) Accessed November 5, 2026
- S8Merion Announces Investment in Crawl Pros, Partnering with Independent Sponsor (April 22, 2026) Accessed November 5, 2026
- S9Merion: New Deals and Exit Announcements Accessed November 5, 2026
Compiled by Greymont Advisors from public sources, including the firm’s own website and press releases. Greymont is not affiliated with Merion Investment Partners. Figures are as reported on the dates shown and may have changed. Request a correction