Alden Industries
Alden Industries, Inc.
Fund: II
Investment Date: May 1997
Exit Date: November 2004
Headquarters: Forth Worth, Texas

Alden Industries, Inc. (“Alden”), is a leading manufacturer of commercial water heaters as well as multi-fuel burners. Alden serves the North American commercial and institutional water heater markets through three operating subsidiaries: PVI Industries, LLC, Webster Engineering and Manufacturing Co., and Riverside Hydronics, LLC. The Company maintains manufacturing facilities in Fort Worth, Texas and Winfield, Kansas.

Merit provided subordinated debt to finance the recapitalization.