Parksite, Inc. (“Parksite”), headquartered in Batavia, Illinois, is a distributor specializing in specialty branded building products. Parksite generally focuses its efforts on high quality, branded building products for which it can receive an exclusive distributorship. Among the key products that Parksite currently distributes are Corian (a solid-surface product), Tyvek (housewrap) and Trex (synthetic wood decking materials). Parksite essentially acts as the outsourced sales and marketing arm for its suppliers.
Merit provided subordinated debt to finance the acquisition of a large East Coast competitor by the Company’s 100% owned ESOP.