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.

West Palm Beach, FL – Comvest Partners (“Comvest”) is pleased to announce that it has completed the sale of Red Hawk Fire & Security (“Red Hawk”), a leader in commercial fire, life safety and security services, to ADT Inc. (NYSE: ADT), the leading provider of monitored security and interactive home and business automation solutions in the United States and Canada.

Headquartered in Boca Raton, Florida, Red Hawk was formed as an independent, unified fire and electronic security services brand to serve commercial customers after Comvest acquired the U.S. fire and security operations division of United Technologies Corporation in April 2012. Red Hawk leverages a robust platform to provide a differentiated fire and security solution across a diverse set of customers, markets, and geographies.   Red Hawk’s market leading position has led to double-digit revenue growth and channel share increases in government, financial services, healthcare, and education end markets. Red Hawk employs approximately 1,300 individuals and serves more than 70,000 commercial facilities nationwide.

“We admire the Red Hawk team’s dedication to building and growing one of the premier leaders in the fire and security market,” said Roger Marrero, Managing Partner at Comvest. “We are grateful to have had such a collaborative and synergistic partnership with CEO Michael McWilliams, CFO Mark Foley, and the rest of the Red Hawk senior team, and strongly believe the Company is well positioned to continue building upon their industry-leading growth under ADT.”

“We are thrilled to have had partnered with Comvest as we worked together to expand Red Hawk’s capabilities and footprint,” said Red Hawk CEO Michael McWilliams.  “We look forward to our future with ADT, which we are confident will help us to achieve our next phase of growth.”

Jefferies and Lincoln International acted as financial advisors and McDermott Will & Emery acted as legal advisor to Red Hawk in connection with the transaction.  Raymond James served as financial advisor and Morgan, Lewis & Bockius LLP and Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal advisors to ADT.

About Red Hawk Fire & Security

Red Hawk Fire & Security designs, installs, tests, inspects and maintains a broad portfolio of fire, life safety and security solutions using the latest technologies and advanced systems integration for enterprise level access control, video surveillance systems and physical security equipment. An industry leader with over 1,300 employees and a national footprint, the company serves more than 70,000 commercial facilities in financial services, retail, education, healthcare and manufacturing. Red Hawk Fire & Security is headquartered in Boca Raton, Florida. For more information, please visit www.redhawkus.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 $3.9 billion in over 180 companies. Today, Comvest Partners’ funds have $3.3 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 Credit Partners (“Comvest”) has acted as Administrative Agent and Sole Lender in providing a $40 million senior credit facility in addition to making an equity investment in Ojos Locos, LLC (“Ojos Locos” or the “Company”).

“We are excited to partner with Comvest as we position our Company for our next stage of growth. The Comvest investment will provide us with the capital necessary to continue to expand our footprint throughout the United States,” said Rich Hicks, CEO of Ojos Locos.

“We are impressed with Ojos Locos’ value proposition, proven management team, and consistent track record. We look forward to working with Ojos Locos as they execute on their growth initiatives,” said Dan Lee, Partner at Comvest.

About Ojos Locos

Founded in 2010, Ojos Locos is a Hispanic-focused sports bar concept with 7 locations in Texas. The Company maintains a primary focus on serving the Hispanic community with a Spanish-fluent wait staff, coverage of sporting events with strong Hispanic influences and Hispanic-influenced branding and cuisine. For more information, please visit their website https://www.ojoslocos.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.

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 $3.2 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.

WEST PALM BEACH, FL, – Comvest Partners (“Comvest”) is pleased to announce its investment in Spinrite LP (“Spinrite” or the “Company”), a leading North American craft company and provider of craft knitting yarns. JW Levin Management Partners (“JWLMP”) also co-invested in the transaction and will work with Comvest as executive partners.

The company, headquartered in Listowel, Ontario and founded in 1952, will continue to be led by CEO Ryan Newell. Spinrite is recognized as a leader in the craft space by retailers and consumers due to the strength of its portfolio of brands, best-in-class design team, and industry-leading digital marketing capabilities. The company’s craft yarn brands, including Bernat, Caron, Lily, Peaches & Crème, Patons, and Phentex, each serve unique end markets and are well positioned to capitalize on new growth opportunities.

“Spinrite’s success has been driven by our dedication to inspiring the craft enthusiasts who use our products,” said Ryan Newell, CEO of Spinrite. “With Comvest’s support, we are excited to continue to invest in our ability to connect with, and ultimately inspire, our customers.”

Tom Clark, Partner at Comvest, added, “We admire Spinrite’s dedication to innovation, and are thrilled to partner with Ryan and the management team to find new ways to leverage the company’s impressive design and marketing platform. We intend to invest in new products and capabilities to expand the company’s reach in the craft space.”

Jerry W. Levin, a craft industry veteran, having previously served as Chairman and CEO of Wilton Brands, American Household, and Revlon, will serve as Spinrite’s Chairman.  Mr. Levin added, “I have long admired Ryan and the Spinrite team.  Spinrite is well regarded by retailers and consumers because the company provides high-quality products and innovative ideas to inspire craft enthusiasts.”

Houlihan Lokey acted as exclusive financial advisor and Torys LLP acted as legal advisor to Spinrite. Comvest was advised by Lazard and McDermott Will & Emery.

About Spinrite

Spinrite is a leading craft company and provider of craft knitting yarns. Spinrite produces both branded and private label products, has a diversified presence across multiple channels, and strong market positions within 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 $3.3 billion in over 165 companies. Today, Comvest’s funds have over $3.1 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 $24.0 million Senior Term Loan (the “Financing”) to Vintage Stock Inc. (“Vintage Stock” or the “Company”), a discount specialty entertainment retailer and subsidiary of Live Ventures Incorporated (NASDAQ:LIVE).  The Financing was used primarily to refinance/paydown certain existing debt and to fund working capital growth.

“We are excited to partner with Comvest. This Financing will strengthen Vintage Stock’s position as one of America’s largest, award-winning entertainment retailers,” said Jon Isaac, President and CEO of Live Ventures Incorporated, a publicly-traded holding company and the parent company of Vintage Stock.

“The Company’s ability to produce consistent results in an evolving retail environment over the past several years is a testament to its strong management team and operations.  We look forward to a long relationship with Vintage Stock.” said Jason Gelberd, Partner at Comvest.

About Vintage Stock, Inc.

Vintage Stock is an award-winning entertainment retailer, selling new and preowned movies, classic and current generation video games and systems, music on CD & LP, collectible comics, books, toys, and more. Vintage Stock, through its stores and website, ships product worldwide directly to the customer’s doorstep. 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 $3.3 billion in over 165 companies. Today, Comvest’s funds have $3.1 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 Partners, through its lending strategy, Comvest Capital (“Comvest”), has acted as administrative agent in a new $30.0 million senior secured credit facility for ClearOne Advantage (“ClearOne” or the “Company”), a debt resolution services provider. The financing was used to repay existing debt and fund ongoing working capital needs.

“We are excited to partner with Comvest as we position our Company for our next stage of growth. The new credit facility will provide us with the capital necessary to assist highly levered consumers to become debt-free,” said Tomas Gordon, CEO of ClearOne.

“We are pleased to partner with ClearOne. The Company has a strong reputation in the industry, and we look forward to continuing to work with management to support their strategic growth initiatives,” said Greg Reynolds, Partner at Comvest.

About ClearOne Advantage

ClearOne Advantage, founded in 2008 and headquartered in Baltimore, Maryland, is a provider of success fee-based debt resolution services. For more information, please visit their website www.clearoneadvantage.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, the firm has invested $2.6 billion in over 145 companies. Today, Comvest’s funds have $2.5 billion of assets under management. Through its extensive capital resources and broad network of industry relationships, Comvest offers companies financial sponsorship, critical strategic and operational support, and business development assistance.