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.
Category: News
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.
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.
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.