Denver, Colorado-based Meritage Funds has appointed company co-founder and operating partner David L. Solomon as a managing director.
Solomon, who has 16 years of operating and entrepreneurial experience and 13 years of public accounting experience, 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. Solomon was 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. Prior to NuVox, Solomon served as CFO of Brooks Fiber Properties (acquired by WorldCom for $3.4 billion) and as a partner with KPMG.
"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."
Founded in 1998, Meritage is a Denver-based manager of three investment funds representing more than $600 million of committed capital. The company is currently investing Meritage Fund III.