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Comvest Credit Partners

Comvest’s Direct Lending strategy provides secured and unsecured debt to public and private companies, primarily in the lower middle market.  Using our operating resources, industry expertise and deep experience investing in the lower middle market, we are able to better understand our borrowers’ needs.  We apply this knowledge to create flexible financing structures tailored to meet the needs of growing companies.

Investment Size

  • $10 million to $50 million hold size per transaction
  • Transaction size up to $100 million

Financial Profile

  • Revenue greater than $15 million
  • EBITDA greater than $3 million, with exceptions for high growth or specialty finance companies
  • Enterprise value greater than $20 million

Transaction Types

  • Senior Secured
  • Unitranche
  • First in Last Out (FILO) Facilities
  • Second Lien
  • Mezzanine
  • Equity Co-Investments

Investment Characteristics

  • Public or private ownership
  • Sponsored, non-traditionally sponsored, or non-sponsored
  • Investment supported by cash flow and enterprise value
  • Strong management team

Target Industries

  • Business and Financial Services
  • Education
  • Healthcare
  • Specialty Finance
  • Technology
  • Transportation
Active

Industrials

Largest producer of FDA-approved, bottle-grade recycled polyethylene terephthalate resins in the US

Active

Healthcare Services

Middle-market, full-service pharmacy benefit management company

Active

Healthcare Services

A leading patient financial engagement company

Active

Business & Financial Services

A transaction processing independent sales organization specializing in payment acceptance

Active

Consumer & Retail

Largest domestic Outback Steakhouse franchisee in the U.S.

Active

Business & Financial Services

ClearOne is the second largest provider of success fee-based debt resolution services in the U.S. Consumers enroll in a debt settlement program with ClearOne, who will negotiate a settlement with the creditor and collect a success fee once the debt is settled.

Active

Business & Financial Services

A cross-border payments provider

Active

Business & Financial Services

An e-commerce retailer that offers consumer products and services through convenient payroll deduction at the workplace.

Active

Business & Financial Services

Combination of 3 distinct retail pawn store chains and a pawn industry consulting firm.

Active

Consumer & Retail

Provider of portable fans and heaters in the U.S.

Active

Healthcare Services

Path Medical Holdings, Inc. is a provider of fully-integrated acute trauma treatment and diagnostic imaging solutions to patients injured in automobile and non-work related accidents.

Active

Industrials

Brock Holdings III, Inc is an industrial maintenance solutions provider of scaffolding, insulation, coatings, and other related services to the petrochemical, refining, oil sands and power generation end markets

Active

Healthcare Services

Oceans Acquisitions, Inc. (d/b/a Oceans Healthcare) provides behavioral health services for adult and geriatric patients across Texas and Louisiana, with a focus on treating cognitive and progressive mental health symptoms, in inpatient healthcare facilities and intensive outpatient programs.

Active

Healthcare Services

Acuity Eye Specialists is a medical group providing vertically integrated eye care services through various clinical entities.

Realized

Industrials

Automotive parts aftermarket and original-equipment-manufacturer.

Active

TMT

Manager of a portfolio of more than 83 unique outdoor advertising assets. The portfolio of assets is comprised of urban wallscapes, digital signs, billboards, barricades and transit signs, with a focus on premium locations within top designated market areas.

Active

TMT

Provider of end-to-end information delivery solutions for the hospitality industry.

Active

TMT

Global licensor of 3D cinema systems and other visual technologies to motion picture exhibitors, consumer electronics manufacturers and content distributors.

Active

Business & Financial Services

Supplier of OEM-compatible copier and printer supplies to over 12,000 customers across 130 countries.

Active

Business & Financial Services

Northern Leasing Systems is a leading lessor of point of sale credit card processing terminals to small and mid sized merchants in the United States and Canada.

Active

Business & Financial Services

Multi-Bank Securities is a broker dealer of CDs and government-backed US Agency securities.

Realized

Specialty Finance

Crest Financial is a provider of lease financing to nonprime consumers.

Active

Business & Financial Services

Iron Data Systems is a case management and regulatory software company.

Realized

Specialty Finance

Easyhome is a merchandise leasing and consumer lending company with significant operations in Canada and the United States. The business operates through two business units: Easyhome Leasing and Easyfinancial Services.

Active

Healthcare Services

Aisthesis is a practice management firm that provides non-clinical services to anesthesia professional corporations.
Realized

TMT

SDS Inc. (d/b/a Blue) is a software company focused on complete graphics process management for brands. Their software is used by customers for all processes surrounding the development and management of product labels/artwork.

Active

Business & Financial Services

United Medicare Advisors is a insurance broker for predominately Medicare Supplement insurance products. The Company utilizes an online marketing strategy to generate leads to their call center of licensed insurance agents. The Company contracts with insurance carriers to offer consumers a product agnostic price/benefit comparison of MedSup plans across states.

Realized

Healthcare Services

Nephron Pharmaceuticals is a manufacturer of generic drugs used to treat respiratory related ailments using “Blow-Fill-Seal” technology, a packaging process that forms, fills and seals a vial in an aseptic process, without human intervention, in a sterile enclosed area. The Company primarily sells through wholesalers to hospitals, pharmacies and other retailers, which collectively negotiate pricing through group purchasing organizations.

Active

Business & Financial Services

Merchant Cash and Capital Management is a specialty finance company that provides cash advances to small businesses in exchange for a right to collect a portion of future credit card receivables.

Active

Healthcare Services

Universal Marine Medical Supply International is a supplier of medical and pharmaceutical supplies to the maritime industry. Customers are ocean vessels such as container ships, tankers, and cruise ships. Customers purchase non-discretionary items that are mandated via World Health Organization regulatory standards. The supplies are typically used or perish due to expiration, which creates a recurring customer base.

Realized

Specialty Finance

City Title Loan is a provider of consumer automobile title loans.

Active

Consumer & Retail

Karmaloop is an ecommerce business that sells apparel, shoes and accessories with a specific focus on global urban fashion and street wear.

Active

Healthcare Services

Alana Healthcare is a healthcare services company based in Tennessee. Alana rents and sells durable medical equipment such as non-invasive ventilation care, and other home medical equipment. Additionally, the Company has a high touch model that monitors patient data and clinical outcomes and is focused primarily on smaller markets and conditions that are underserved by larger competitors.

Realized

Business & Financial Services

Specialty retailer operating as one of the largest independent agents in the Verizon Wireless network.

Realized

Business & Financial Services

Why Not Lease It is a provider of operating lease financing to nonprime consumers.

Realized

Specialty Finance

Chrome Capital is a provider of consumer leases for used Harley-Davidson motorcycles through exclusive partnerships with Harley-Davidson and independent dealers.

Realized

Business & Financial Services

Freedom Financial is a consumer finance company focused on the debt settlement business.

Realized

TMT

Z Wireless is a merger of two of the largest independent agent retailers for Verizon Wireless. Z Wireless stores sell a comprehensive mix of wireless devices, accessories and insurance coverage.

Realized

Healthcare Services

Client Network Services, Inc. is a healthcare focused IT contractor that provides solutions to state government Medicaid ERP systems and projects for Federal healthcare entities.

Realized

TMT

Travel Holdings, Inc. is a technology-driven, global travel distributor providing business-to-business and business-to-consumer services. Travel Holdings, Inc. has negotiated wholesale rate contracts with hotels throughout the world. The Company has customer relationships with online/offline travel agencies, member’s rewards clubs and other travel distribution channel providers. Travel Holdings, Inc. has a global reach, though has a particular strength in bringing European and Latin American travelers to United States destinations. The Company’s proprietary technology system provides internal business intelligence, analytics and connectivity with customers.

Realized

Consumer & Retail

Guckenheimer Enterprises, Inc. is a manager and operator of corporate dining facilities throughout the United States, specializing in healthy and organic food. Their solutions include corporate cafes and restaurants, executive dining room coordination, juice and espresso bars, street food carts, catering and event services, corporate convenient stores and vending management.

Realized

Specialty Finance

Easyhome is a merchandise leasing and consumer lending company with significant operations in Canada and the United States. The business operates through two business units: Easyhome Leasing and Easyfinancial Services.

Realized

Industrials

Precision Valve Corporation is a manufacturer of aerosol valves and a leader in dispensing systems, serving customers from its global network of manufacturing plants and distribution facilities located around the world.  The Company manufacturers aerosol valves, actuators, buttons, domes, and pumps for products in the personal-care, food and beverage, household, industrial, insecticide, pharmaceutical and automotive aftermarket markets.

Realized

Specialty Finance

Kilowatt Financial, LLC is a consumer-focused finance company focused on residential clean energy and energy efficiency equipment and services with two core business units – Generation and Lending. The Company’s Generation segment owns residential rooftop distributed generation solar PV systems and leases or sells power to consumers over the useful life of the equipment. Kilowatt’s Lending segment lends money to consumers to acquire residential PV, re-roof their home in preparation for residential PV or for energy efficiency home improvements. The Company also sources, underwrites, diligences and executes opportunistic transactions in the residential solar space.

Realized

TMT

Egenera, Inc. is a multi-national cloud and data center infrastructure management software company that develops and sells software to enterprises. The Company’s products enable enterprises and service providers to (i) design, manage and virtualize their computing infrastructure and (ii) quickly create and manage secure and reliable private, hybrid or public cloud services. The Company’s software products are sold via perpetual licenses and subscriptions, with related maintenance and support services. Egenera’s customers include cloud service providers, financial services firms, healthcare organizations and government agencies.

Realized

Business & Financial Services

California Products Corporation is a provider of specialty chemical coatings used for interior and exterior residential paint applications, tennis court and track surface coatings and environmental remediation coatings.

Realized

Specialty Finance

Chrome Capital is a provider of consumer leases for used Harley-Davidson motorcycles through exclusive partnerships with Harley-Davidson and independent dealers.

Realized

TMT

RMG Networks Holding Corporation is an SPAC (NASDAQ: RMGN) that acquired and merged Reach Media Group and Symon Communications. The Company provides custom software, hardware, and real-time data integration solutions via digital signage, primarily to call centers and employee communications. The Company is a leading provider of airline digital video media networks in the United States and places digital advertising in airplanes, in airline executive lounges, through Wi-Fi sponsorships and other adjacencies.

Realized

Business & Financial Services

Dataforce is a business process outsourcing services provider in the United States and the United Kingdom that is focused on call center activities. The Company conducts accounts receivable management collections work for Fortune 500 companies and has other call center business activities. Headquartered in Atlanta, Gerogia, Dataforce has operations in the United States, United Kingdom, Costa Rica and India.

Realized

Consumer & Retail

Southern Technical College is a Title IV accredited post-secondary technical school located in Central Florida with campuses on the outskirts of Orlando, Florida and Tampa, Florida. The Company was founded in 2000 and operates programs in 1) Heating, Ventilation and Air Conditioning, 2) Medical Assisting, 3) Medical Billing and Coding, 4) Electrical Trades and 5) Massage Therapy. The Company accepts enrollments monthly and degrees require 18 months for completion.

Realized

Industrials

Primo Water is a provider of exchangeable multi-gallon purified bottled water (1 to 5 gallons), self-serve refill filtered drinking water and water dispensers sold through major retailers throughout the United States and Canada. In addition, Primo offers its new Flavor Station(TM) countertop, single serve, home beverage carbonation system. The Company sells its products through retail locations.

Realized

Business & Financial Services

Halifax Media Group is the parent company of The Daytona Beach News-Journal, which, prior to the acquisition of Regional Media Group, operated out of seven cities in Volusia and Flagler County in east central Florida.

Realized

Industrials

Chicago Miniature Lighting is a manufacturer of lights and lighting systems to the automotive industry. The Company mainly serves as a Tier I or Tier II supplier to automotive OEMs.

Realized

TMT

Multiband is an operator an institutional fixed-income securities broker-dealer.

Realized

Industrials

Lemon-X is a manufacturer and seller of juice, cocktail mixers, water, tea, coffee, and other related beverages. The Company primarily sells its products to nursing homes, hospitals, healthcare facilities, resorts/hotels, casinos, schools, dormitories, prisons, and other institutional settings.

Realized

Business & Financial Services

Absolute Collection Service is a healthcare collection agency and healthcare revenue cycle solutions company based in Raleigh, North Carolina. The Company provides traditional credit and bad debt collection services to healthcare organizations, and also specializes in helping healthcare organizations address and resolve active, self-pay and third-party receivables.

Realized

TMT

Digital Domain is an award-winning digital production company, providing computer-generated animation and digital visual effects for major motion picture studios and advertisers. The Company’s filmography of major motion pictures includes work on “Thor”, “TRON: Legacy”, the Transformers trilogy, “The Curious Case of Benjamin Button”, “Apollo 13” and “Titanic”. Additionally, the Company’s digital production capabilities include the creation of CG animated content, performance capture, the conversion of two-dimensional (“2D”) imagery into three-dimensional (“3D” ) imagery and CG visual effects such as fluid simulation, terrain generation and photorealistic animation.

Realized

Business & Financial Services

The Kamson Corporation is an operator of a property management business and acts as a general partner in certain real estate investments in Northeast.

Realized

Business & Financial Services

Multi-Bank Securities is a broker dealer of CDs and government-backed US Agency securities.

Realized

Industrials

Acme Lift Company is a wholesale renter of late-model, large capacity aerial work platforms. Acme’s fleet consists of AWPs strategically located throughout the United States and Canada providing customers just-in-time access to equipment. The Company’s equipment is stored on the lots of its customers which eliminates the infrastructure burden common to the industry. Customers include national, regional and local retail rental companies.

Realized

Industrials

Whitehall Industries is a supplier of high quality, cost effective precision aluminum extrusions and machined/fabricated components primarily used in automotive applications, as well as in other industry applications for business machines and consumer goods. The Company specializes in the design and manufacturing of vehicle sunroof systems and sunroof components used in the automotive industry.

Realized

TMT

SelectCore is a provider of transaction processing for prepaid telecom, prepaid financial and transaction based point of sale activation solutions utilizing its own network and proprietary technology.

Partially Realized

Industrials

Empire Die Casting Company is a precision die caster of a broad range of aluminum and zinc components, including engine covers, pump housings and motor counterweights, all of which range in size from several ounces to up to 30 pounds.

Partially Realized

Transportation & Logistics

Provide airline services in U.S.

Partially Realized

Business & Financial Services

Merchant Cash and Capital Management is a specialty finance company that provides cash advances to small businesses in exchange for a right to collect a portion of future credit card receivables.

Partially Realized

Healthcare Services

Integrated Oncology Network is an investor in radiation oncology centers. The Company provides strategic services including, but not limited to, physician relations, payer contract negotiation, and billing and collection.

Michael Falk

CEO and Managing Partner

Robert Priddy

Senior Advisor

Robert O’Sullivan

Managing Partner

Daniel Lee

Partner

Al Wood

Partner

Brad Nii

Managing Director

Bryce Peterson

Principal

Tom Goila

Managing Director

Jon Huitink

Principal

Colleen Gurda

Senior Vice President

Justin Chen

Vice President

Aaron Levy

Vice President

Joe Higginbotham

Vice President

Tim Kim

Senior Associate

Colin Beazley

Associate

Ankush Mohile

Associate

Rigby Coleman

Associate

Alex Biehl

Associate