West Palm Beach, FL, April 30, 2019 – Comvest Partners (“Comvest”) has announced that its portfolio company, Engage2Excel Group of Companies (“E2E Group”), has added Rideau, Inc. (“Rideau”), a global leader of employee recognition solutions, to bolster its career experience platform. Headquartered in Montreal, Rideau provides world-class organizations with an integrated recognition platform that fuels long-term performance by increasing employee engagement and retention.

“Rideau has a rich heritage of recognition expertise and industry-leading technology and reputation in the marketplace, and we are excited about our shared vision for bringing the career experience platform to life,” said Phil Stewart, CEO of E2E Group. “We believe that Rideau’s Vistance Analytics & Learning platform can help managers and leaders measure and improve their ability to recognize others, driving more success for our 3,000+ combined clients.”

For the past 32 years, Peter Hart, President of Rideau, has been the driving force of transforming Rideau into one of the world’s largest recognition and rewards companies. E2E Group is pleased to continue to leverage Hart’s strong leadership abilities. “I couldn’t be more enthusiastic about Rideau joining the E2E Group family of companies,” said Hart. “Our mission has been to build meaningful relationships with powerful recognition solutions, and E2E Group will only help take us to the next level.”

“This investment aligns with Comvest’s strategy to invest in technology-enabled businesses in the human capital management marketplace,” said Matt Gullen, Partner at Comvest. “We believe that strong tailwinds will continue as organizations increasingly emphasize how they will attract and retain their talent, and Rideau represents a highly complementary and strategic addition to E2E Group.”

Rideau has many locations in Canada, including Montreal, Ottawa, Toronto, Edmonton and Vancouver, as well as offices in New York, France, and Bangalore, India.  Rideau is expected to continue business as usual while leveraging the assets of E2E Group.

About E2E Group

E2E Group is a leading provider of employee recognition and engagement, sales incentives, talent acquisition and consumer loyalty solutions and services. Headquartered in Statesville, North Carolina, E2E Group’s solutions focus on attracting, retaining, and engaging both employees and customers to increase productivity and profitability. E2E Group maintains relationships across a diversified client base ranging from Fortune 100 companies to small and medium-sized businesses. The organization now consists of Engage2Excel, Inc. and Engage2Excel Recruitment Solutions (www.engage2excel.com), Hinda Incentives and Loyalty Group (www.hinda.com), and Rideau, Inc. (www.rideau.com).

About Rideau, Inc.

Rideau leverages their century of experience in the recognition industry to reinvent the human capital landscape with a true Return on Recognition. Built upon award-winning, state-of-the-art technology and validated by years of scientific research, Rideau’s new approach to employee recognition is transforming the use of recognition analytical data. With the use of proprietary analytics, Rideau can identify real-time opportunities to increase employee engagement, employee retention, and customer satisfaction as well as identify the concrete, measurable return on investment that yields lower recognition program costs.  For more information, please visit www.rideau.com.

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 over $4.3 billion in 185 companies. Today, Comvest’s funds have over $3.2 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.

Comvest Credit Partners (“Comvest”) has acted as Administrative Agent and Sole Lender of a $60.0 million Senior Credit Facility to Beyond Finance, Inc. (“Beyond Finance”), a debt resolution services provider. The financing will be used to repay existing debt and fund ongoing working capital needs.

“We are excited to partner with Comvest, who brings great experience and industry expertise as we continue to grow our portfolio. This partnership will provide us with the capital necessary to accelerate our growth trajectory,” said Larry Litton, Chief Executive Officer of Beyond Finance.

“Beyond Finance has built a strong reputation in the industry and is backed by a very experienced management team. We are confident in the team at Beyond Finance and look forward to our new partnership,” said Tim Kim, Vice President at Comvest.

WEST PALM BEACH, FL, April 23, 2019 – Comvest Partners (“Comvest”) is pleased to announce its investment in VanDeMark Chemical Inc. (“VanDeMark” or the “Company”). Headquartered in Lockport, New York and with a facility in Kazincbarcika, Hungary, VanDeMark is recognized as a worldwide leader in the production of specialty phosgene derivatives. The Company provides unmatched expertise in the development of custom phosgene chemicals and offers a range of more than 30 chemical compounds primarily used in pharmaceuticals, agrochemicals, plastics and polymers, and CASE (coatings, adhesives, sealants, elastomers) applications.

“We have seen tremendous growth in our business and believe that we are well-positioned to benefit from strong industry tailwinds,” said Mike Kucharski, CEO of VanDeMark. “With Comvest’s support, we are excited to continue to invest in our capabilities, team and the development of new products.”

“VanDeMark’s highly diversified platform and global market leadership make for a compelling investment opportunity,” said Matt Gullen, Partner at Comvest Partners. “We are excited to partner with the management team to continue to support future growth initiatives.”

Comvest was advised by Kirkland & Ellis.

About VanDeMark

VanDeMark is the largest independent manufacturer of specialty phosgene derivatives. VanDeMark products are primarily used in pharmaceuticals, agrochemicals, plastics/polymers, and CASE (coatings, adhesives, sealants, elastomers) applications. The Company was founded in 1951 and is headquartered in Lockport, New York. For more information, please visit www.vandemark.com .

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 over $4.0 billion in 185 companies. Today, Comvest’s funds have over $3.2 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 – (April 10, 2019) – Comvest Credit Partners (“Comvest”) has acted as Administrative Agent in providing a $110.0 million senior secured credit facility (the “Financing”) to Spring Venture Group and affiliates (the “Company”), an insurance brokerage and consulting services provider primarily in the Medicare supplement market.

“Comvest has proven to be a great partner and has supported our growth over the past four years. We are excited to extend our relationship with Comvest as we continue to execute on our growth strategy,” said Chris Giuliani, Chief Executive Officer.

“We are very pleased to partner with the team at Spring Venture Group once again as they continue to make strides in the industry as one of the leading insurance brokers in the Medicare space,” said Jason Gelberd, Partner and Co-Head of Direct Lending at Comvest Credit Partners.

About Spring Venture Group, LLC

Spring Venture Group is a leading digital direct-to-consumer sales and marketing company with product offerings focused on the senior market. Founded in 2009, the Company specializes in distributing Medicare Supplement, Medicare Advantage, and related products via its digital presence and dedicated team of insurance advisors.  Spring has developed a highly-differentiated technology platform that combines sophisticated marketing, lead generation, comparison shopping, sales execution, and post-enrollment customer engagement to create an invaluable channel for its insurance carrier partners. Spring’s deep senior market expertise and technology-enriched sales approach are complemented by its data-driven operational and workflow insight.  The Company employs over 650 professionals and is headquartered in Kansas City, Missouri. To Learn more about Spring Venture Group careers visit www.springventuregroup.com

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 $20 million to $200 million for companies with revenues greater than $15 million.  For more information, please visit our 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 $4.1 billion in over 185 companies. Today, Comvest’s funds have over $3.3 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 our website.

West Palm Beach, FL – (February 27, 2019) – Comvest Credit Partners (“Comvest”) has acted as Administrative Agent, Sole Lead Arranger, and Sole Bookrunner in providing a $120 million senior credit facility (“Credit Facility”) to Purchasing Power, LLC (“Purchasing Power”), a voluntary benefit company that offers a leading employee purchase program for consumer products and services through the convenience of automatic payroll deduction. The Credit Facility was used to refinance Purchasing Power’s existing senior debt and provided a dividend recapitalization solution to existing investors. Purchasing Power has been majority owned by Flexpoint Ford, a private equity investment firm that specializes in the financial services and healthcare industries, since December 2016.

“It was a pleasure working with Comvest on this financing. Their ability to quickly understand the complexities of our business helped facilitate an efficient deal process. We look forward to a strong partnership with Comvest in the future as we execute on our growth plans,” said Richard Carrano, CEO of Purchasing Power.

“We are pleased to advance our relationship with Purchasing Power. The business continues to grow and has established itself as the industry standard in the area of employee purchase program benefits,” said Jason Gelberd, Partner at Comvest.

About Purchasing Power

Purchasing Power is one of the fastest-growing voluntary benefit companies in the industry, offering a leading employee purchase program for consumer products and services as well as providing financial tools and resources to improve employee financial wellness. Purchasing Power is available to millions of people through large companies including Fortune 500s, associations and government agencies. Headquartered in Atlanta, Purchasing Power is ‘Powering People to a Better Life™’ through its employee purchase program, financial literacy efforts and corporate social responsibility initiatives. Purchasing Power is a Flexpoint Ford, LLC company. For more information, please visit their 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 $20 million to $200 million for companies with revenues greater than $15 million.  For more information, please visit our 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 $4.1 billion in over 185 companies. Today, Comvest’s funds have $3.3 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 our website. 

Miami, FL – IMC Health Medical Centers, a portfolio company of Comvest Partners and Athyrium Capital Management, announced today that it has acquired Sunset Cardiology, P.L., a cardiology practice, and Primary Provider, Inc., a primary care practice, both focused on managed care members (collectively “Sunset” or the “Company”).

Founded by Dr. Jorge Pastoriza in 2007, Sunset is located in Miami, Florida. The Company employs 5 physicians and serves over 2,000 patients.

“We are very excited to have Dr. Pastoriza and the rest of the Sunset team become part of IMC,” said William C. Lamoreaux, Chief Executive Officer of IMC. “The unique
combination of cardiology and primary care expertise has driven strong patient loyalty and superior patient outcomes. IMC will benefit greatly by bringing these resources in house.”

Dr. Pastoriza said, “We are pleased to be joining IMC and leverage their extensive experience in managed care. Sunset is now well positioned to grow and prosper in ways that simply were not available to us before.”

IMC intends to continue to make strategic acquisitions to drive growth.

About IMC Health Medical Centers

IMC Health Medical Centers operates 12 centers in Miami Dade, Broward and Orange counties. We provide primary and specialty services to Medicare, Medicaid, and Commercial patients. Our patient centered medical home model is accredited by the Joint Commission (JCAHO) and focuses on preventative, acute, and chronic healthcare delivery, resulting in improved patient outcomes for adults and children. For more information, please visit www.IMCHealth.com.

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 over $3.9 billion in over 180 companies. Today, Comvest’s funds have over $3.3 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.

About Athyrium Capital Management

Athyrium is a specialized asset management company formed in 2008 to focus on investment opportunities in the global healthcare sector. Athyrium advises funds with over $3.7 billion in committed capital. The Athyrium team has substantial investment experience across a wide range of asset classes including public equity, private equity, fixed income, royalties, and other structured securities. Athyrium invests across all healthcare verticals including biopharma, medical devices and products, healthcare focused services, and healthcare information
technology. The team partners with management teams to implement creative financing solutions to companies’ capital needs. For more information, please visit www.athyrium.com.

WEST CHESTER, PENNSYLVANIA, JANUARY 31, 2019 – Lasko Operations, a leader in home comfort products, has acquired Intertex, Inc., dba B-Air, a leading developer and supplier of high-quality air movement products.

For nearly two decades, B-Air has developed and supplied air movers, dehumidifiers, air scrubbers, inflatable blowers, pet dryers and fans for commercial, industrial and retail use. B-Air products are designed in Azusa, California. Today, B-Air is a leading supplier to the water / fire damage restoration and janitorial industries as well as a trusted supplier of air moving products in the inflatable and pet grooming industries with exceptional customer service. B-Air products are sold via retailers, distributors, and online using the B-Air ® and Firtana ® brand names.

As part of the transaction, Eddie Demirdjian, CEO and Founder, and Greg Aghamanoukian, President, along with the current employees, will continue with the company. “We are excited in partnering with Lasko to further solidify our position as a category leader and drive exceptional value and quality for our customers,” said Eddie Demirdjian, CEO and Founder at B-Air. “Lasko brings immense synergies and talent that will propel our growth very significantly.”

“Lasko, the leader in fans and heaters, has a strategy to become the leader in the broader home environment category through internal development and acquisitions. B-Air provides an exciting
opportunity for Lasko to take a significant step in that direction. B-Air has an outstanding reputation and growth record along with a first rate management team,” said Jerry W. Levin, Chairman at Lasko. “Partnering with Lasko provides an equally exciting opportunity for B-Air’s team as we move forward together to achieve our strategic objectives.”

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About B-Air

Headquartered in Azusa, California, B-Air is a leading developer and supplier of quality equipment forthe water/fire damage restoration as well as the inflatables and pet industries. B-Air’s innovative products are manufactured to reflect its dedication to design, performance, and safety, and sold via retailers, distributors, and online. B-Air products are certified ETL and CE approved for use in the US, Canada, Europe, and South America.

For more information visit www.B-Air.com.

About Lasko

Lasko is a leading home comfort company and provider of fans and heaters. Lasko has been engineering and building high performance home comfort products with leading edge designs in the U.S. and around the world for 113 years. Started in 1906 by Mr. Henry Lasko, the company has grown to an international organization whose products can be found at major retailers and online under the Lasko and Air King brands. Lasko is a portfolio company of Comvest Partners, and its executive partner JW Levin Management Partners. For more information, please visit LaskoProducts.com and AirKingLimited.com.

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 $3.9 billion in over 180 companies. Today, Comvest’s funds have $3.3 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 our website.

Spinrite has announced that it will acquire the North American Crafts business of Coats Group plc. The deal includes the well-known craft brands Red Heart, Coats & Clark, Aunt Lydia and Susan Bates. Anchor, Dual Duty XP and J&P Coats will be licensed for varying  terms. The transaction is expected to close in the coming weeks, subject to customary closing conditions.

“We are thrilled to add the prestigious Coats craft brands to our growing portfolio,” said Ryan Newell, President & CEO of Spinrite. “This transaction broadens our scope to include new craft products like sewing thread, embroidery thread and zippers. Product diversification is one of the key pillars of our long-term strategic plan, allowing us to offer a broader assortment to our retail partners and consumers.”

About Spinrite

Spinrite is a leading craft company. Spinrite produces both branded and private label products, has a diversified presence across multiple channels, and strong relationships with craft retailers. The Company was founded in 1952 and is headquartered in Listowel, Ontario.  For more information, please visit www.yarnspirations.com.

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 over $3.9 billion in over 180 companies. Today, Comvest’s funds have over $3.3 billion of assets under management. Through its extensive capital resources and broad network of industry relationships, Comvest offers its 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”) is pleased to announce the refinancing of senior credit facilities for SMART Financial (“Smart”), an operator of over 60 pawn stores across the United States and Canada.  The refinancing, which consists of a new $80.0 million senior credit facility, was led by Comvest, who is also acting as Administrative Agent. Smart will use the proceeds of the new facility to refinance existing debt and fund anticipated growth.

“Comvest has proven to be an outstanding financing partner.  We look forward to working closely with Comvest as we execute on our growth initiatives,” said John Thedford, founder of Smart.

“The Smart management team has built an impressive platform over the last few years, and we look forward to further supporting their growth initiatives,” said Jason Gelberd, Partner at Comvest.

About SMART Financial

SMART Financial operates a platform of over 60 pawn stores across the United States and Canada.

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 $20 million to $200 million for companies with revenues greater than $15 million.  For more information, please visit our 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 $3.9 billion in over 180 companies. Today, Comvest’s funds have $3.3 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 our website.

West Palm Beach, FL – Comvest Credit Partners (“Comvest”) has acted as Administrative Agent and Sole Lender in providing a $60.0 million Senior Credit Facility to Speed Leasing Company (“Speed Leasing”), a portfolio company of 777 Partners. Speed Leasing is a pre-owned motorcycle leasing company.

“We are excited to be partnering with Comvest as we continue to grow our portfolio. We selected Comvest primarily due to their knowledge and experience in the specialty finance sector and we appreciate their efforts to close this transaction expeditiously,” said Hasham Malik, Chief Executive Officer of Speed Leasing.

“We are impressed by Hasham and the rest of the Speed Leasing senior team and believe they are well-positioned to continue building upon their growth,” said Jason Gelberd, Partner at Comvest.

About Speed Leasing

Speed Leasing provides a pre-owned motorcycle lease product through its partnerships with over 220 independent dealerships across the United States.

About 777 Partners

Headquartered in Miami, Florida, 777 Partners is a private investment firm with expertise in financial services that specializes in control investments across a broad array of industries and geographies.  The firm employs proprietary capital and management friendly structures to capitalize on opportunities quickly and creatively to maximize long term value. To date 777 has deployed capital across various verticals including insurance, consumer finance, litigation finance, financial technology, aviation, energy & infrastructure as well as special opportunities.

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 $20 million to $200 million for companies with revenues greater than $15 million.

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 $3.9 billion in over 180 companies. Today, Comvest’s funds have $3.3 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.