Merit Capital Partners is pleased to announce a new Fund VI investment. This most recent transaction represents the 13th platform investment by Fund VI. Notably, this transaction was completed in partnership with an independent sponsor; a strategy that continues to be a highly attractive to Merit. In addition to supporting independent sponsors, Merit seeks 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. With $536 million of committed capital in Fund VI, Merit is pursuing new platforms as well as portfolio company add-on acquisitions.
Merit Capital Partners recently partnered with ASGARD Partners & Co. (a New York based investor) to acquire Revision Military Ltd. (“Revision” or the “Company”).
Revision, headquartered in Essex, Vermont, manufactures ballistic protective eyewear for all branches of the US Military and many NATO-allied nations. Revision was founded in 2002, and quickly became one of the primary suppliers of protective eyewear to military forces around the globe. Over the past decade, the Company has become the leader in ballistic and laser protective eyewear solutions by investing in advanced materials, coatings and dye technology and equipment. Merit and ASGARD acquired the optics division of Montreal, Canada based, Revision Military, Inc.
Ben Yarbrough, a Managing Director at Merit, said, “Revision represents a great opportunity for growth and expansion in this market. We are proud to partner with the ASGARD team, who knows the military personal protective equipment market exceptionally well and brings a focused strategic and operational vision to the Company.”
Merit provided subordinated debt and equity in this investment. Please contact Ben Yarbrough or John Darguzas for more details.