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Mereo Capital Partners Acquires Algus Packaging Real Estate

CONSHOHOCKEN, PA. – Mereo Capital Partners (www.mereocapitalpartners.com) is pleased to announce it has acquired the real estate associated with its portfolio company Algus Packaging LLC. The assets are comprised of two separate industrial facilities located at 200 Peace Road and 1212 East Taylor Street in DeKalb, IL, and include a total of 400,000+ sq. ft. of combined manufacturing/office/warehouse space on 86 acres of land. These properties present a significant opportunity for value creation as part of our investment in Algus. As evidenced by the recent nearby development of Meta’s 2.4 million sq. ft. data center and Ferrara Candy’s 1.6 million sq. ft. distribution center, DeKalb County benefits from proximity to Chicago’s western suburbs and the I-88 and I-39 highways. We look forward to working with management to optimize our manufacturing footprint and capitalize on these newly acquired assets. The transaction closed on May 1, 2023. 

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Swish Hires VP of Finance

We are excited to announce the hiring of Raymond Cho as Vice President of Finance at Swish Dental. Ray is an experienced healthcare executive and is based in Austin, TX. Most recently, he served as Director of Finance & Accounting at Babson Diagnostics. 

Prior to Babson Diagnostics, Ray was the Controller of Action Behavior Centers for four years. Ray was also Senior Financial Analyst at Samsung Austin Semiconductor, where he worked after three years in audit and transaction advisory services.

Swish Dental is a leading and rapidly growing 13-location Dental Support Organization based in Austin, TX. Swish is at the leading edge of rethinking and reorienting the dentist experience to become more comfortable and amenity-centric. The Company is well-positioned with young, affluent professionals and has a successful track record of driving expansion through de novo facilities.

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Orion Spacecraft Equipped With Luna Labs Technology

The Orion spacecraft that launched on 11/16/22 as part of the Artemis I mission is equipped with four Luna Labs corrosion sensors on the exterior of the crew module. Future Artemis missions will be equipped with Luna’s Acuity LS corrosion sensor devices.

Luna Labs products are helping Lockheed Martin Space to understand corrosive conditions on the exterior of the spacecraft upon reentry and recovery. Acuity LS will also monitor corrosivity and humidity inside of the crewed module to understand how exercise and use of potable water impact corrosivity throughout the mission.

You can read more about Luna’s involvement in that mission in this blog post from 2020.

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Acquisition of Foot & Ankle Center of Chester County

We are excited to announce our firm’s recent investment in Foot & Ankle Center of Chester County, which is run by board-certified doctor, Timothy Chen. Dr. Chen’s practice has four locations based across the West Chester, PA region.

The purchase of Dr. Chen’s practice represents the fifth acquisition under our platform, Integrated Foot + Ankle Specialists, alongside our partners at Avonwood Capital Partners. We look forward to supporting the continued growth of Dr. Chen’s practice and IFAS.

Adi Shankar

ADI SHANKAR

ANALYST

Prior to Mereo, Adi interned at Truist Financial Corporation on the Corporate Finance team, where he supported financial analysis, reporting, and accounting. He was also a member of Temple University’s student-managed investment fund, the Owl Fund, where he conducted fundamental equity research and managed a portion of the University’s endowment. Adi grew up in the Philadelphia area and graduated cum laude from Temple University in 2026 with a BA in Finance.

Phil Cooke

PHIL COOKE

VICE PRESIDENT

Prior to Mereo, Phil completed his MBA in Finance and Management at The Wharton School of the University of Pennsylvania, where he graduated with honors and was recognized on the Director’s List. Previously, Phil worked at Binnacle Capital Services, a family office, and served as Chief of Staff to the Chairman of Elsevier and Director of Corporate Affairs of RELX Group, Elsevier’s parent company. Phil grew up in the Philadelphia area and graduated magna cum laude from Princeton University with a BA in Philosophy. He interned with Mereo during the summer of 2023.

SCOTTIE MILLER

ASSOCIATE

Prior to Mereo, Scottie was an Investment Banking Analyst in the Global Healthcare Group at Jefferies, where he executed on various mergers and acquisitions and capital raising initiatives. Notably, his deal experience includes the sale of Dental Care Alliance, a leading multi-specialty dental support organization, to Mubadala Investment Company.
Scottie graduated summa cum laude from Bucknell University with his BS in Accounting and Finance.

JOHN MATTHEWS

SENIOR ASSOCIATE

John worked most recently at Hamilton Lane as a Direct Investment Analyst, evaluating equity and credit co-investment opportunities. John previously interned for Susquehanna Private Capital and LMZ Partners. John received his BBA from Temple University.

ADAM BOWIE

PRINCIPAL

Prior to Mereo, Adam worked for L2 Capital Partners executing control investments across a variety of industries in the lower middle-market and supporting portfolio companies on high-impact strategic initiatives. Previously, Adam was an investment banker covering diversified industrial companies in Citigoup’s Global Industrials Group. Before transitioning to a career in finance, Adam served as a Ground Intelligence Officer in the United States Marine Corps. Adam earned his MBA in finance and management from NYU Stern and his BBA from Temple University.

GIORGIO BOERO

CHIEF FINANCIAL OFFICER

Giorgio most recently served as CFO of Silver Star Opportunity Partners and as a consultant for Financial Advisers Partnership. Previously, he worked at Silvermine Capital Management as the firm’s CFO. Prior to Silvermine, Giorgio was the CFO of TCW Advisors, Inc. Private Equity Fund, specializing in Latin American middle-market companies. Giorgio received his Master’s in Professional Accountancy from the University of Buenos Aires.
John O'Hare

JOHN O'HARE

CO-FOUNDER, PARTNER

Prior to Mereo, John was a senior professional at Tortola Advisors, where he provided operational turnaround services to middle-market companies. Previously, John was Co-Portfolio Manager at Saybrook Corporate Opportunity Funds. While at Saybrook, he served on the boards of directors of six portfolio companies. John received his BA from the University of Illinois and his MBA from Vanderbilt University.

RICH KURTH

CO-FOUNDER, MANAGING PARTNER

Rich most recently served as Co-Head of the Man Group’s Leveraged Credit strategy. Rich previously sold Silvermine Capital Management, a credit hedge fund he co-founded, to the Man Group. Prior to founding Silvermine, Rich was founding member, portfolio manager, and head trader of TCW’s Senior Loan and Bank Debt Group. Rich received his BS in Business Administration from The Citidel, The Military College of South Carolina.

LEO HELMERS

CO-FOUNDER, MANAGING PARTNER

Leo is the founder of three investment strategies: Susquehanna Private Capital, a middle-market buyout fund; LMZ Partners, a family office focused on lower middle-market control buyouts; and Carlyle Mezzanine Partners, the mezzanine funds of The Carlyle Group. Previously, he worked at Crescent Capital, the Mezzanine investment platform of TCW. Leo has recently served on the boards of several portfolio companies, including McNally Ind., SPC Dermatology, Sunrise Transportation, LeverPoint Management and Long Island Veterinary Specialists. Also, Leo was recruited to chair the board of Plews, Inc. in a successful turnaround.