About Meriton
Meriton is a Telecommunications company based in Ottawa (Canada) founded in 2000, and was acquired by Xtera in April 2008. Optical networking products and related services are provided for carriers. It operates on a Professional Services model. Meriton has raised $54 million across 1 funding round from investors including Royal Bank of Canada, Desjardins and Xtera. The company has 441 employees. Meriton has completed 2 acquisitions, including Air Equipment and Mahin Network. Meriton offers products and services including HVAC Representation. Its focus areas include Industrial, Manufacturing and HVAC Equipment. Its legal entity is MERITON, LLC.
Company details
Meriton is established as a prominent HVAC manufacturer representative company. Operations are focused on investing in market-leading firms with deep product knowledge and industry expertise. Support is provided through a shared services model, including accounting, finance, human resources, risk management, technology, safety, development, and marketing. Growth is facilitated for subsidiaries across the United States by offering capital and resources to accelerate their trajectory in the HVAC sector.
- Headquarters Ottawa, Canada
- Employees 441
- Stage Acquired
- SectorsTelecommunications
- Phone•••• ••••
- Website meriton.com
- Social LinkedIn
- Acquired by Xtera (Apr 2008)
- Legal Name Meriton, Llc
- Total Equity Funding$54M (USD)
in 1 rounds
- Latest Funding Round$54M (USD), Series C
Jun 2005
- InvestorsRoyal Bank of Canada
& 8 more
- Employee Count441
- Investments & AcquisitionsAir Equipment
& 1 more
- Acquired byXtera
(Apr 2008)
Products & Services of Meriton
Meriton offers a comprehensive portfolio of products and services, including HVAC Representation.
HVAC manufacturer representation is provided to various companies.
Funding Insights of Meriton
Meriton has successfully raised a total of $54M through 1 strategic funding round. The most recent funding activity was a Series C round of $54 million completed in June 2005. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $54M
- Total Rounds 1
- Last Round Series C — $54M
- First Round $54M
(Jun 2005)
- Investors Count 8
All 1 funding rounds of Meriton with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2005 | $54M | Series C | – | Nomura, VantagePoint Capital Partners |
9 investors in total: 9 institutional.
Investors in Meriton
Meriton has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include Royal Bank of Canada, Desjardins and Xtera.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage venture capital investments in AI, healthcare, and enterprise technologies. | sierraventures.com | |||
Venture capital firm | vpcp.com | Santa Barbara, United States | ||
US focused stage-agnostic venture capital firm | rtf.vc | San Francisco, United States | ||
Private equity buyouts are targeted by the investment firm. | vgpartners.com | Toronto, Canada | ||
Early-stage equity funding is provided by Skypoint Capital Corporation. | skypointcorp.com | Nepean, Canada | ||
Financial services are provided cooperatively to members in Canada. | 1900 | desjardins.com | Levis, Canada | |
Diversified asset management services are offered globally by the firm. | 1925 | nomura.com | Chuo City, Japan | |
Comprehensive banking and financial services are provided globally. | 1864 | rbc.com | Toronto, Canada | |
Optical transport solutions are provided for high-capacity networking. | 1998 | xtera.com | Allen, United States |
Investor details for Meriton
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Meriton
55 people are tracked at Meriton (26 in leadership, 29 in team); the tracked headcount is 441.
| Name | Role | Group |
|---|---|---|
Melinda Jobe | Director Of Marketing | Leadership |
Dana Dowdy | Chief Marketing Officer | Leadership |
Travis R. | Director Cybersecurity & Compliance | Leadership |
Ben Chan | Vice President Technology Transformation | Leadership |
Emily Gatons | Talent Acquisition Partner | Leadership |
Josh Tolle | VP Of IT Infrastructure And Operations | Leadership |
Gilbert Shin | Director Of IT Finance And Vendor Management | Leadership |
Melanie D. | Vice President, Talent Acquisition | Leadership |
Toni A. Gates | Chief People Officer | Leadership |
Jerry Braun | Chairman & CEO | Leadership |
Diana Haptonstall | People Strategy Partner | Leadership |
Harry Triguboff | Founder and Managing Director | Leadership |
Priscilla E. | Human Resources Business Partner | Leadership |
Hanna Schultz | Benefits Partner | Leadership |
Michael Bache | Director Of Strategic Finance | Leadership |
Steve Ivie | Director Of Data Management | Leadership |
Michele Bolton | Senior Executive Assistant To Ceo, Board & Shareholder Liason | Leadership |
Todd Finders | Chief Information Officer | Leadership |
Alok Kumar | Director Of Enterprise Systems | Leadership |
Jana Wolfe | Vice President, People Operations | Leadership |
35 more people are available in the full profile.
Complete people profiles for Meriton
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
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Investments & Acquisitions by Meriton
Meriton has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Air Equipment and Mahin Network.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Provider of air equipment and services for commercial, educational, and industrial sectors | airequipmentcompany.com | Louisville, United States | 1946 | Feb 2024 | •••• | |
Network equipment and services are supplied by Mahin Network. | mahinetworks.com | Osaka, Japan | 1999 | Oct 2005 | •••• |
Complete acquisition details for Meriton
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
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- Complete history
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Timeline of Meriton
5 dated milestones of Meriton across 24 years, from founding to its latest funding, stage changes and deals.
- Founded Meriton is founded.
- Funding First funding round of $54.0M.
- Acquisition Acquires Mahin Network.
- Exit Acquired by Xtera.
- Acquisition Acquires Air Equipment.
Web traffic of Meriton
The website of Meriton (meriton.com) receives about 2.9K visits a month.
- Monthly visits2.9K
▼ 11.7% vs previous month
Websites whose visitors overlap most with Meriton. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
iosi.ca | iosi.ca | 100% | – | ||
division3communications.com | division3communications.com | 100% | – | ||
impendo.com | impendo.com | 100% | – | ||
| belairnetworks.com | 100% | View details | |||
neolore.com | neolore.com | 100% | #3,954,274 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 12 similar websites and full traffic analytics for Meriton
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- 12 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
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Related news about Meriton
Complete news archive for Meriton
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Frequently Asked Questions about Meriton
Meriton was founded in 2000 and raised its 1st funding round 5 years after it was founded.
Meriton is headquartered in Ottawa, Canada. It is registered at Ottawa, Ontario, Canada.
Meriton is a funded company, having raised a total of $54M across 1 funding round to date. The company's 1st funding round was a Series C of $54M, raised on Jun 2005.
Meriton has 441 employees.
Meriton is established as a prominent HVAC manufacturer representative company. Operations are focused on investing in market-leading firms with deep product knowledge and industry expertise. Support is provided through a shared services model, including accounting, finance, human resources, risk management, technology, safety, development, and marketing. Growth is facilitated for subsidiaries across the United States by offering capital and resources to accelerate their trajectory in the HVAC sector.
Meriton offers HVAC Representation.
Meriton has made 2 acquisitions, including Air Equipment, and Mahin Network.
Meriton has 9 investors. Key investors include Royal Bank of Canada, Desjardins, Xtera, Nomura, and Sierra Ventures.
Meriton operates through Meriton, Llc.
Yes. Meriton was acquired by Xtera in April 2008.