April 1, 2012
West Palm Beach, FL, April, 2012 – The Comvest Group (“Comvest”), through its Comvest Investment Partners IV fund (“Comvest IV”), is pleased to announce the acquisition of Lennox Hearth Products (“LHP” or “the Company”) from Lennox International Inc. (NYSE: LII). LHP is a manufacturer of fireplaces, fireplace inserts, free-standing stoves, gas log sets, accessories and
January 27, 2012
West Palm Beach, FL, January 2012 – The Comvest Group, through its Comvest Investment Partners IV fund (“Comvest IV”) is pleased to announce an investment of $60 million as part of a transaction to acquire a controlling interest in mobile broadband solutions company Tekelec (NASDAQ: TKLC). The transaction was initially announced on November 7, 2011 and
October 5, 2011
West Palm Beach, FL., September, 2011 – The Comvest Group, a leading private investment firm focused on the lower-middle market, today announced the closing of its fourth private equity fund, Comvest Investment Partners IV (“Comvest IV”), with capital commitments in excess of $580 million, surpassing its $500 million target. The capital commitments in Comvest IV
June 30, 2011
WEST PALM BEACH, FL – The Comvest Group has announced that Comvest Investment Partners IV has completed its majority investment in GroundLink. Headquartered in New York, New York, GroundLink is a leader in the ground travel industry. Alex Mashinsky founded GroundLink in 2003 as a global ground travel provider offering customers access to over 45,000
February 22, 2011
WEST PALM BEACH, FL – Comvest Investment Partners IV (“Comvest IV”) portfolio company Urgent Cares of America Holdings, LLC (“UCA”) today announced the acquisition of Tri-City Express Care, PLLC (d.b.a.Urgent Care Express) (UCE), based in Gilbert, Arizona with five urgent care locations in the Phoenix area. The acquisition represents the first step in UCA’s strategy
February 17, 2011
Bellingham-Based Grocery Company Remaining Independent WEST PALM BEACH, FL – The Comvest Group, a private investment firm, is purchasing a majority ownership position in Haggen, Inc. from brothers Don and Rick Haggen and their families. Don and Rick Haggen are the sons of Ben and Dorothy Haggen, who founded the Bellingham, Wash.-based grocery company in
January 14, 2011
Combination Creates Market Leader in Multi-Channel Merchant Networks and Performance Advertising Solutions WEST PALM BEACH, FL – The Comvest Group announced that effective today, Comvest Investment Partners III, L.P. (“Comvest III”) portfolio company Vesdia Corporation has merged with Cartera Commerce. Vesdia, in which Comvest III acquired a majority equity interest in December of 2009, is
October 25, 2010
WEST PALM BEACH, FL– The Comvest Group announced today that Comvest Investment Partners IV has completed its acquisition of Urgent Cares of America, Inc and its affiliates (“UCA”). UCA is based in Raleigh, North Carolina and is a leading provider of urgent care services in the communities they serve through nine locations in North Carolina.
March 5, 2010
Allegiant Air, LLC, airline subsidiary of Allegiant Travel Company, announced it will begin flying to Hawaii this year, made possible by the purchase agreement for 6 Boeging 757-200 aircraft. Allegiant plans to take delivery of these aircraft and place them in service with Allegiant Air on the following schedule: – Two aircraft delivered within the
February 18, 2010
West Palm Beach, FL, February 2010–The Comvest Group (“Comvest”) announced that Roger Marrero has joined the Firm as a Managing Director. Mr. Marrero will be taking a lead role in sourcing, negotiating and executing portfolio company investments. He will also become a member of the Investment Committee. Mr. Marrero brings 13 years of Private Equity