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FTC clears Mountaingate to buy marketing company MeritDirect

The Federal Trade Commission gave Mountaingate Capital Management LP the green light to acquire MeritDirect LLC.

A notice published on the FTC's website shows the clearance was granted May 20 to Mountaingate Capital Fund I LP, a fund managed by the Denver-based private equity firm.

Rye Brook, N.Y.-based Meritdirect provides global multi-channel marketing solutions designed to address data, digital and analytics challenges, according to the company's website.

Mountaingate invests in lower-middle-market companies in the marketing services, specialty manufacturing, specialty distribution and business services sectors.