West Palm Beach, FL – Comvest Partners (“Comvest”) is pleased to announce an investment in Leixir Dental Group (“Leixir” or the “Company”), a technology-enabled provider of outsourced dental solutions serving both independent dentists and dental service organizations (“DSOs”) as well as technology and distribution companies.  The Company operates five dental laboratories across the U.S. in addition to a digital design and manufacturing facility in Gurugram, India.  Harmeet Bindra, founder of Leixir, will continue in his role as CEO and Executive Chairman.

“Today’s dental market demands high-quality production, fast turnaround times, digital design capabilities, and competitive pricing. Leixir is uniquely positioned to address all of these needs,” said Lee Bryan, Senior Partner at Comvest Partners. “Harmeet has built a truly impressive business, and we are very excited to partner with him and the Leixir management team.”

“This transaction represents an important milestone for Leixir. I am proud of the growth our team has achieved and believe Comvest is the ideal partner to support our future growth initiatives,” said Harmeet Bindra. “Comvest brings significant resources, a collaborative approach with management as well as extensive experience creating strategic and operational value for their portfolio companies.”

“Leixir is pushing the boundaries and redefining the role of today’s dental lab.  The Company’s digital capabilities and proprietary end-to-end case management platform, MyLabConnect, are true differentiators which should enable Leixir to continue to capture market share,” said Marshall Griffin, Principal at Comvest Partners. “We look forward to working with Harmeet and the team at Leixir as the Company accelerates its growth trajectory as an industry-leading dental lab solutions platform.”

McDermott Will & Emery served as legal advisor to Comvest. Cain Brothers, a division of KeyBanc Capital Markets, acted as financial advisor and Orrick, Herrington & Sutcliffe LLP acted as legal advisor to Leixir in connection with the transaction.  Financing for the transaction was provided by NXT Capital.

About Leixir Dental Group

Founded in 2013, Leixir operates a network of full-service dental laboratories which offer a complete range of dental products, including crowns and bridges, implants, surgical guides, and dentures, among other dental products. Leixir’s laboratories are built on a centers of excellence model and located strategically to provide dentists with superior services across the country. Leixir has built a fully scalable tech-enabled platform to support its delivery of differentiated services and technology throughout the dental landscape. For more information, please visit www.leixir.com.

About Comvest Partners

Comvest Partners is a private investment firm providing equity and debt capital to middle-market companies across the U.S. Since its founding in 2000, Comvest Partners has invested over $5.8 billion. Today, Comvest Partners has $4.7 billion of assets under management. Through its extensive capital resources and broad network of industry relationships, Comvest Partners offers companies financial sponsorship, critical strategic and operational support, and business development assistance. For more information, please visit www.comvest.com.

West Palm Beach, FL – Comvest Partners (“Comvest”) is pleased to announce that it has completed the sale of D&S Community Services (“D&S”), a leading provider of residential and community-based services to individuals with intellectual and developmental disabilities (“I/DD”), to The MENTOR Network (“MENTOR”) a premier provider of home and community-based health care and support services.

The combined company will offer a comprehensive array of supports and services nationwide to the I/DD population with a fully built-out infrastructure across multiple care settings, enabling delivery of high-quality services to clients and families.

Headquartered in Austin, Texas, D&S leverages its quality and compliance management expertise to enhance care and optimize outcomes for individuals with I/DD. Since partnering with Comvest in December 2015, D&S has scaled by increasing local market share, expanding into new territories, launching new services and initiatives, and acquiring smaller providers. Today, D&S provides services to over 3,400 consumers across four states.

“We admire the D&S team’s dedication to providing high-quality care and innovative solutions for consumers,” said Lee Bryan, Senior Partner at Comvest. “We are thrilled to have had such a collaborative and synergistic partnership with CEO Mickey Atkins and the rest of the D&S senior team.”

“Comvest served as true partners as we developed new capabilities and expanded our service offerings, and we are grateful for the support they provided,” said CEO Mickey Atkins. “We look forward to our future with MENTOR, which we are confident will support our mission to provide high quality care to I/DD consumers.”

Moelis & Company acted as financial advisor and McDermott Will & Emery acted as legal advisor to D&S in connection with the transaction.

About D&S Community Services

D&S Community Services is a provider of residential and community-based services to individuals with intellectual and developmental disabilities. Founded in 1991 and headquartered in Austin, Texas, D&S provides a full array of services specifically designed to meet the needs of individuals with intellectual and developmental disabilities in Texas, Tennessee, Kentucky, and New Jersey. The Company’s residential and community-based services include supported group home living, intermediate care facilities, foster care, in-home support, day habilitation programs, and specialty therapy and nursing services.

About Comvest Partners

Comvest Partners is a private investment firm providing equity and debt capital to middle-market companies across the U.S. Since its founding in 2000, Comvest Partners has invested over $5.8 billion. Today, Comvest Partners has $4.7 billion of assets under management. Through its extensive capital resources and broad network of industry relationships, Comvest Partners offers companies financial sponsorship, critical strategic and operational support, and business development assistance. For more information, please visit the website.

WEST PALM BEACH, Fla., Feb. 08, 2021 (GLOBE NEWSWIRE) — Comvest Credit Partners (“Comvest”) has acted as Administrative Agent and Sole Lender in providing a $110.0 million Senior Credit Facility (the “Financing”) to Beyond Finance, a debt resolution services provider. The financing will be used to refinance existing debt and fund ongoing working capital needs.

About Beyond Finance

Beyond Finance, founded in 2016 and headquartered in Houston, Texas, is a provider of success fee-based debt resolution services. For more information, please visit the website.

About Comvest Credit Partners

Comvest focuses on providing flexible financing solutions to middle-market companies. Comvest provides senior secured, unitranche, second lien, and mezzanine capital to sponsored and non-sponsored companies in support of growth, acquisitions, buyouts, refinancings, and recapitalizations. Credit facilities typically range from $25 million to $200 million for companies with revenues greater than $20 million. Comvest has offices located in West Palm Beach, Chicago, Los Angeles and New York. For more information, please visit the website.

About Comvest Partners

Comvest Partners is a private investment firm providing equity and debt to middle-market companies across the U.S. Since its founding in 2000, Comvest has invested over $5.4 billion. Today, Comvest Partner’s funds have over $4.3 billion of assets under management. Through an extensive capital resources and broad network of industry relationships, Comvest Partners offers companies financial sponsorship, critical strategic and operational support, and business development assistance. For more information, please visit the website.

WEST CHESTER, Pa. –  Lasko Products, LLC (Lasko), a leader in home environment products, has acquired Guardian Technologies, LLC (Guardian), a leader in air purification.

Founded in 2002, Guardian develops and supplies air purifiers, humidifiers, UV air sanitizers, essential oil diffusers, HEPA filters and more. Guardian products are sold via e-commerce and retailers under the GermGuardian®, PureGuardian® and PureGuardian® Spa brand names.

As part of the transaction, Dave Brickner, Managing Partner, and Rick Farone, Managing Partner, along with the current employees, will continue with the company. “We are excited in partnering with Lasko to expand our reach and drive value for customers and employees,” said Guardian Managing Partner Rick Farone. “Guardian is committed to developing innovative technologies to provide healthier air quality to consumers and will serve as a complement to the Lasko business.”

Lasko and Guardian Technologies share a strong commitment to healthier, cleaner air and comfortable home environments. “We are excited to welcome Guardian, its customers and employees to Lasko,” said Lasko CEO, Ed Vlacich. “Air purification is a rapidly growing category, and one that is top of mind for many consumers right now. Guardian’s expertise in air purification, with our deep-rooted experience in air movement will strengthen our leadership in the home environment category, and ultimately better serve our customers and consumers.”

About Guardian Technologies, LLC

Guardian Technologies is a leader in air purification. Guardian Technologies is dedicated to bringing innovative, effective and quality home environment products to the consumer market, including cutting edge UV-C technologies. Guardian Technologies markets products under the GermGuardian®, PureGuardian® and PureGuardian® Spa brand names. For more information, please visit GuardianTechnologies.com.

About Lasko Products, LLC

Lasko is a leading home environment company, providing portable fans, heaters, air purifiers, humidifiers, and other air movement products. Lasko has been engineering and building high performance home environment products with leading edge designs in the U.S. and around the world for more than a century. The company’s products are sold through retailers, e-commerce and distributors under the Lasko, Air King and B-Air brands. Lasko is a portfolio company of Comvest Partners, and its executive partner JW Levin Management Partners.  For more information, please visit Lasko.com, AirKingLimited.com and B-Air.com.

SOURCE Lasko Products, LLC

NEW YORK – Morgan Stanley Private Credit and Comvest Partners are pleased to announce their role as co-lead arrangers in providing $90.0 million in junior capital securities to von Drehle Corporation (“von Drehle,” or the “Company”), a leading manufacturer of away-from-home paper products.

“We are pleased to support von Drehle in this comprehensive recapitalization of the Company’s balance sheet and look forward to a successful partnership over the coming years,” said Ashwin Krishnan, Managing Director and a Portfolio Manager of Morgan Stanley Private Credit. “We believe this financing leaves von Drehle well positioned and well capitalized for the future needs of the business,” said Bill Gassman, Executive Director of Morgan Stanley Private Credit.

“von Drehle Corporation is uniquely positioned as a result of its domestic manufacturing capacity and multiple converting facilities across the country,” said Tom Clark, Partner at Comvest. “We are excited to support von Drehle and its management team in continuing to deliver its high-quality products and service levels to its customers,” said Dan Lee, Partner at Comvest.

Headquartered in Hickory, North Carolina, von Drehle Corporation is a leading independent vertical-integrated manufacturer of paper tissue and towels. With its best-in-class paper making facilities in Cordova, North Carolina and Natchez, Mississippi, coupled with a broad footprint of paper converting facilities, von Drehle is able to supply accounts nationwide with industry-leading customer service. The von Drehle family founded the business in 1974 and remain the controlling shareholders of the Company today. For more information, please visit the website.

About Morgan Stanley Private Credit
Morgan Stanley Private Credit, part of Morgan Stanley Investment Management, is a private credit platform focused on direct lending and opportunistic private credit investing in North America and Western Europe. Morgan Stanley Private Credit brings significant expertise in origination, structuring, credit analysis and principal investing with the ability to invest across the debt capital structure, including senior secured loans, unitranche loans and junior debt. For further information, please visit the website.

About Comvest Partners
Comvest Partners is a private investment firm providing equity and debt to middle-market companies across the U.S. Since its founding in 2000, Comvest has invested over $5.1 billion. Today, Comvest’s funds have over $3.6 billion of assets under management. Through an extensive capital resources and broad network of industry relationships, Comvest Partners offers companies financial sponsorship, critical strategic and operational support, and business development assistance. For more information, please visit the website.

West Palm Beach, FL – Comvest Credit Partners (“Comvest”) has acted as Co-Lead Arranger and Lender in providing a Senior Credit Facility (the “Financing”) to Seven Seas Water, a developer, owner and operator of critical water infrastructure. The Financing was used to support the acquisition by Morgan Stanley Infrastructure Partners and refinance certain existing debt.

About Seven Seas Water:

Seven Seas Water operates desalination and other water treatment facilities across the Caribbean and in Peru, offering long-term water solutions to governmental, municipal, industrial and hospitality customers. For more information, please visit the website.

About Morgan Stanley Infrastructure Partners:

Morgan Stanley Infrastructure Partners is a leading global infrastructure investment platform. The team has a proven and disciplined approach to investing in infrastructure assets globally and seeks to create value through active asset management and by implementing operational improvements. For further information, please visit the website visit the website.

About Comvest Credit Partners:

Comvest focuses on providing flexible financing solutions to middle-market companies. Comvest provides senior secured, unitranche, second lien, and mezzanine capital to sponsored and non-sponsored companies in support of growth, acquisitions, buyouts, refinancings, and recapitalizations. Credit facilities typically range from $25 million to $200 million for companies with revenues greater than $20 million. Comvest has offices located in West Palm Beach, Chicago, Los Angeles and New York. For more information, please visit the website.

About Comvest Partners:

Comvest Partners is a private investment firm providing equity and debt to middle-market companies across the U.S. Since its founding in 2000, Comvest has invested over $5.1 billion. Today, Comvest Partner’s funds have over $3.6 billion of assets under management. Through an extensive capital resources and broad network of industry relationships, Comvest Partners offers companies financial sponsorship, critical strategic and operational support, and business development assistance. For more information, please visit the website.

West Palm Beach, FL – Comvest Credit Partners (“Comvest”) has acted as Administrative Agent and Lender in providing a $41.6 million Senior Secured Credit Facility (the “Financing”) to Altruista Health, Inc. (“Altruista Health”), a provider of care management and population health management solutions. Altruista Health is a portfolio company of Martis Capital Management, LLC (“Martis Capital”). The Financing was used to refinance certain existing debt and help support the ongoing and future growth of the business.

About Altruista Health:

Altruista Health delivers care management and population health management solutions that support value-based and person-centered care models. Their GuidingCare® technology platform integrates care management, care coordination, authorization management using evidence-based guidelines, member and provider appeals & grievances and quality improvement programs through a suite of sophisticated yet easy-to-use web applications. Health plans and healthcare providers use GuidingCare to transform their processes, reduce avoidable expenses and improve patient health outcomes. Founded in 2007 and headquartered in the Washington, DC area, Altruista Health has grown into a recognized industry leader as GuidingCare has become the largest and most widely adopted platform of its kind in the United States. The company has roots in serving complex populations but has scaled rapidly to serve large national health plans with a full spectrum of members across 40+ states. Employing more than 500 staff members globally, the company supports 35,000 care manager users on the platform daily. Altruista Health has twice been named a Top Population Health Company to Know by Becker’s Healthcare and has earned local and national recognition for growth and innovation. For more information, please visit the website.

About Martis Capital:

Martis Capital is a private investment firm focused exclusively on the healthcare and wellness sector. The Martis team manages more than $1.2 billion of equity capital and is currently investing out of its third fund. With offices in San Francisco, CA, and Washington, DC, Martis seeks to invest in middle market growth companies that provide innovative and cost-effective products and services within targeted segments of the North American healthcare services and information technology sub-sectors. For more information, please visit the website.

About Comvest Credit Partners:

Comvest focuses on providing flexible financing solutions to middle-market companies. Comvest provides senior secured, unitranche, second lien, and mezzanine capital to sponsored and non-sponsored companies in support of growth, acquisitions, buyouts, refinancings, and recapitalizations. Credit facilities typically range from $25 million to $200 million for companies with revenues greater than $20 million. Comvest has offices located in West Palm Beach, Chicago, Los Angeles and New York. For more information, please visit the website.

About Comvest Partners:

Comvest Partners is a private investment firm providing equity and debt to middle-market companies across the U.S. Since its founding in 2000, Comvest has invested over $5.1 billion. Today, Comvest Partner’s funds have over $3.6 billion of assets under management. Through an extensive capital resources and broad network of industry relationships, Comvest Partners offers companies financial sponsorship, critical strategic and operational support, and business development assistance. For more information, please visit the website.

WEST PALM BEACH, Fla., April 28, 2020 (GLOBE NEWSWIRE) — Comvest Partners (“Comvest”) is pleased to announce that Renee Rempe has joined the Firm as a Managing Director in Comvest’s direct lending group, Comvest Credit Partners. Renee will be based in Comvest’s Chicago office and will be responsible for managing and directing strategy on investments within the Comvest Credit Partners’ portfolio.

Renee joins Comvest with over 25 years of experience managing and restructuring middle market loan assets, including senior management roles within Heller Financial / GE Capital Commercial Finance and GE Antares Capital / Antares Capital. Most recently, Renee was with Canadian Imperial Bank of Commerce (CIBC).

“We are very pleased to have Renee join the team at Comvest,” said Greg Reynolds, Partner and Co-Head of Direct Lending at Comvest Credit Partners. “Her long, accomplished career managing debt investments across various economic cycles is a great complement to the Comvest Credit Partners team and we look forward to her contributions to the strategy. Additionally, many of us at Comvest Credit Partners have worked with or alongside Renee throughout our careers and it’s great to have the opportunity to work with her again as a leader within the team.”

Ms. Rempe said, “Comvest has an outstanding track record and I look forward to applying my restructuring experience to enhance their team and strategy. My background and experience is well suited to the areas of the market where Comvest Credit Partners has established a leading brand, including non-traditional sponsor lending and less competitive sectors of the middle market. These sectors require a hands-on, entrepreneurial approach to oversight, and I believe my background will further complement Comvest Credit Partners’ proven ability to manage complex situations.”

About Comvest Credit Partners:
Comvest Credit Partners provides flexible financing solutions to middle-market companies. We provide senior secured, unitranche, second lien, and mezzanine capital as well as equity co-investments. We lend to sponsored and non-sponsored companies, in support of refinancings, growth capital, acquisitions, buyouts, and recapitalizations. Credit facilities typically range from $20 million to $200 million for companies with revenues greater than $20 million.

About Comvest Partners:
Comvest Partners is a private investment firm providing equity and debt capital to middle-market companies across North America. Since its founding in 2000, Comvest has invested $4.9 billion. Today, Comvest’s funds have over $3.7 billion of assets under management. Through our extensive capital resources and broad network of industry relationships, we offer our companies financial sponsorship, critical strategic and operational support, and business development assistance. For more information, please visit www.comvest.com.

West Palm Beach, FL – Comvest Credit Partners (“Comvest”) has acted as Administrative Agent and Lender in providing a $92.2 million Senior Secured Credit Facility (the “Financing”) to Cassavant Holdings, LLC (“Cassavant”), a vertically-integrated manufacturer of precision-machined components and sub-assemblies serving the aerospace and defense industries.  The Financing was used to fund the acquisition by Gallant Capital Partners (“Gallant”) and refinance certain existing debt.

About Cassavant

Founded in 1972 and headquartered in Phoenix, AZ, Cassavant is a leading manufacturer of critical components for engines, APUs, fuel and fluid systems, gears, hydraulics, and valves for the majority of commercial, military and business jet platforms serving the aerospace and defense industry. Cassavant is a key supplier for major global OEMs and utilizes its vertically integrated manufacturing expertise and broad capabilities set to deliver high quality products and services to its customers. For more information, please visit the website.

About Gallant Capital Partners

Gallant Capital Partners is a private equity firm that makes control investments in technology, industrial and business services companies. Gallant executes on an operationally focused investment strategy with a focus on partnering closely with companies that can benefit from its extensive industry relationships and operating expertise. The firm partners with owners, founders, family-owned companies and management teams to maximize value and long-term, sustainable growth for portfolio companies. Gallant Capital Partners was founded in 2018 and is headquartered in Los Angeles. For more information, please visit the website.

About Comvest Credit Partners

Comvest focuses on providing flexible financing solutions to middle-market companies. Comvest provides senior secured, unitranche, second lien, and mezzanine capital to sponsored and non-sponsored companies in support of growth, acquisitions, buyouts, refinancings, and recapitalizations. Credit facilities typically range from $25 million to $200 million for companies with revenues greater than $20 million.  Comvest has offices located in West Palm Beach, Chicago, Los Angeles and New York.  For more information, please visit the website.

About Comvest Partners

Comvest Partners is a private investment firm providing equity and debt to middle-market companies across the U.S. Since its founding in 2000, Comvest has invested over $4.9 billion. Today, Comvest Partner’s funds have over $3.7 billion of assets under management. Through an extensive capital resources and broad network of industry relationships, Comvest Partners offers companies financial sponsorship, critical strategic and operational support, and business development assistance.  For more information, please visit the website.

West Palm Beach, FL – Comvest Credit Partners (“Comvest”) has acted as Administrative Agent and Sole Lender in providing a Senior Credit Facility (the “Financing”) to Aspyr Holdings LLC (“Aspyr” or the “Company”), an area representative and franchisee of 33 Orangetheory Fitness locations in San Diego, Orange County, Long Beach, San Francisco and East Bay regions of California.  Proceeds of the Financing were used alongside an equity investment led by New Heights Capital and Tensile Capital Management for a minority recapitalization, purchase of 4 additional studios, retirement of existing debt, and growth initiatives.

“We are excited to partner with Aspyr to support the growth of the Company and the development of additional studios in its regions,” said Rich Steere, Managing Partner of New Heights Capital.  “Marc Thomas and Pete Selner, co-CEOs of Aspyr, have done a fantastic job building their studios, teams and member base.  Independently, they have already built one of the largest franchisee groups in the country and have distinguished themselves as performance leaders.  With support from Comvest and our equity investment, we expect to accelerate Aspyr’s growth and footprint within the Orangetheory Fitness network.”

“Aspyr has a strong track record of attracting and retaining customers due to Orangetheory Fitness’ unique and results driven fitness solution. The Company’s high level of customer engagement and use of technology has produced exceptional performance and we are excited to partner with the Company as they continue to grow.” said Colleen Gurda, Managing Director at Comvest.

Piper Jaffray & Co. served as financial advisor to Aspyr Holdings with Integrity Square LLC advising New Heights Capital and Tensile Capital Management.

About Orangetheory

Orangetheory® makes it simple to get More Life from your workout. One of the worlds fastest-growing franchise companies, Orangetheory has developed a unique approach to fitness that blends a unique trifecta of science, coaching and technology that work together seamlessly to elevate participants’ heart rate to help burn more calories. Backed by the science of excess post-exercise oxygen consumptions (EPOC), Orangetheory workouts incorporate endurance, strength and power to generate the “Orange Effect” whereby participants keep burning calories for up to 36 hours after a 60-minute workout. Orangetheory franchisees have opened over 1,300 studios in all 50 U.S. states and over 23 countries. The company was ranked #60 in Inc. magazine’s Fastest Growing Private Companies list and was listed as #25 on the 2019 Entrepreneur Franchise 500 list. For more information please visit the website.

About New Heights Capital

New Heights Capital is a private equity investment firm focused exclusively on equity investments in consumer service companies and the technology enabled service companies that service those consumer businesses.  New Heights Capital sponsored and led the Aspyr Holdings recapitalization.  For over a decade, the firm has been an active investor in the fitness industry, partnering with leading companies in the industry, including Orangetheory Fitness, Edge Fitness, and ABC Financial.  The firm invests in buyouts, recapitalizations and growth investments in businesses between $5mm-100mm in revenues.  For more information, please visit the website.

About Tensile Capital Management

Tensile Capital Management is a San Francisco-based investment firm managing $1.5 billion in committed capital through an “evergreen” fund structure. Tensile seeks to generate superior risk-adjusted, after-tax returns through long-term investments in a concentrated portfolio of undervalued public securities and select private businesses. With respect to its private investments, Tensile’s ability to invest throughout the capital structure, flexibility in structuring minority investments and active and collaborative partnerships with management teams and boards of directors can provide unique solutions for business owners.  For more information, please visit the website.

About Comvest Credit Partners

Comvest Credit Partners, through affiliated private funds, focuses on providing flexible financing solutions to middle-market companies. We provide senior secured, unitranche, second lien, and mezzanine capital as well as equity co-investments. We lend to sponsored and non-sponsored companies, in support of refinancings, growth capital, acquisitions, buyouts, and recapitalizations. Credit facilities typically range from $25 million to $200 million for companies with revenues greater than $15 million.  For more information, please visit the website.

About Comvest Partners

Comvest Partners is a private investment firm providing equity and debt to middle-market companies across the U.S. Since its founding in 2000, Comvest has invested over $4.7 billion. Today, Comvest Partner’s funds have over $3.7 billion of assets under management. Through an extensive capital resources and broad network of industry relationships, Comvest Partners offers companies financial sponsorship, critical strategic and operational support, and business development assistance.  For more information, please visit the website.