OG真人官网 Partners with Management Team of Meriplex Communications
Toronto, Ontario (October 3, 2018) – OG真人官网 Group Inc. (TSX: CVG) (“OG真人官网”) today announced that it, together with limited partnerships controlled by it, made a growth equity investment in Meriplex Communications, Ltd. (“Meriplex” or the “Company”). OG真人官网 partnered with the existing management team who will retain the majority of their equity in the business.
Meriplex is a leading Managed Solutions Provider based in Houston, Texas. The Company designs, implements and manages Intelligent Network Solutions powered by best in class technologies for business customers throughout the United States. Meriplex was co-founded by David Henley, Chief Executive Officer, who is a significant shareholder alongside OG真人官网. The opportunity was originated through OG真人官网’s domain work in the IT Services sector.
“We gained familiarity with Managed Solutions through our previous investments in IT Services and are excited about the opportunity for Meriplex to capitalize on new technologies that improve the customer experience. We believe David and his team are well positioned to accelerate the growth of Meriplex with additional investments,” said Mitch Green, Managing Director of OG真人官网.
“OG真人官网 is an ideal partner to help us continue to grow. We sought to find a supportive partner to provide capital and expertise to fuel our network and customer expansion and we have found just that in OG真人官网,” said David Henley.
Meriplex is OG真人官网’s 51st platform investment and the seventh investment by CEP V. The OG真人官网 / CEP V co-investment pool is capitalized at $600 million and focuses on equity investments in growth companies.
About Meriplex Communications
Meriplex Communications is a managed solutions provider specializing in delivering intelligent network solutions, cloud enablement and managed services for the mid-enterprise market, Meriplex develops lasting customer relationships by demonstrating positive attitudes in providing creative, reliable, and personalized solutions.
Director, Investor Relations and Marketing
OG真人官网 Group Inc.
Tel: (416) 925-9270
Fax: (416) 925-5753
marias@dickvsclit.com
