David Solomon was named a managing director of Meritage Funds. Solomon was co-founder of Meritage and has served as an operating partner since the firm’s inception. Denver-based Meritage manages private investment funds.
Meritage Funds is pleased to announce that David L. Solomon has been appointed as a Managing Director of the firm. Mr. Solomon was a co-founder of Meritage and has served as an Operating Partner of the firm since its inception. Mr. Solomon has 16 years of operating and entrepreneurial experience and 13 years of public accounting experience.
“David’s proven entrepreneurial, management and investment judgment will be key to the Firm’s ongoing success,” stated Jack Tankersley, Founder and Managing Director of Meritage Funds. “With David’s decision to assume a leadership role, the Firm’s long-term future is bright.”
Mr. Solomon currently serves as Chairman of the Board of Meritage portfolio company IP Commerce and served as director of Meritage portfolio company Diveo Broadband Networks until its sale in December 2010. Mr. Solomon served as CEO and later Executive Chairman of Meritage portfolio company NuVox Communications from November 1999 until its $643 million acquisition by Windstream Corporation in November 2009. Under Mr. Solomon’s leadership, NuVox grew its annual revenues from less than $200,000 to over $530 million. Prior to NuVox, Mr. Solomon served as CFO of Brooks Fiber Properties (acquired by WorldCom for $3.4 billion) and as a Partner with KPMG.
About Meritage Funds
Founded in 1998, Meritage is a Denver-based manager of private investment funds. The Meritage team is a unique blend of investment and operating talent. Meritage contributes both capital and expertise to every investment, working as a partner with entrepreneurs to accelerate the growth of their businesses. In total, Meritage manages three investment funds representing more than $600 million of committed capital. We are currently investing Meritage Fund III and are actively seeking Growth Equity investment opportunities.