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.

WEST PALM BEACH, FL. – Comvest Partners (“Comvest”) is pleased to announce an investment in RugsUSA (or “the Company”), a leading e-commerce retailer and supplier of area rugs and other home décor products. Koorosh Yaraghi, founder of RugsUSA, will continue in his role as CEO and as an owner of the Company. Digital Fuel Capital (“Digital Fuel”), an experienced e-commerce private equity firm led by Carson Biederman, and Bruce Crain, an experienced consumer products executive, will work with Comvest as operating partners and investors in RugsUSA.

RugsUSA has leading design and global sourcing capabilities, allowing the Company to provide an expansive selection of area rugs and other home décor products directly to consumers via www.rugsusa.com, as well as through leading e-commerce marketplaces and retailers.

“Today’s consumer demands a broad selection of styles, high quality product, and a compelling value, all available instantly via an e-commerce shopping experience. RugsUSA is uniquely positioned to address these needs,” said Tom Clark, Partner at Comvest Partners. “Koorosh has built a truly impressive business, and we are very excited to partner with him and the RugsUSA management team.”

“This is an exciting inflection point for RugsUSA. I’m proud of the growth our team has achieved and believe Comvest is the ideal partner to support our future growth initiatives,” said Koorosh Yaraghi.

“Comvest has a successful track record of partnering with founder-owned businesses as well as significant experience with both direct-to-consumer and business-to-business sales models, particularly via e- commerce. This experience will enable us to provide support and resources to help the Company continue its growth,” said Kevin LaHatte, Principal at Comvest Partners.

Lazard Middle Market served as financial advisor and Blank Rome served as  legal  advisor  to  RugsUSA. Financo served as financial advisor and McDermott Will & Emery served as legal advisor to Comvest.

About Rugs USA

A pioneering e-commerce and leader in the area rug industry since 1998, RugsUSA is dedicated to bringing consumers high-quality area rugs and other home decor products from around the world at attractive price points. The Company’s expansive selection, low-price commitment, leading fulfillment, and easy-to- navigate website create a seamless buying experience for the customer. For more information, please visit www.rugsusa.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 for a $125.0 million senior secured credit facility (the “Financing”) to Acima Credit, LLC, (“Acima” or the “Company”). Acima provides creative alternatives to retail customers that cannot secure traditional financing through a proprietary point-of-sale technology platform. The Financing was used to retire existing debt and support growth initiatives.

“We are excited to partner with Comvest Credit Partners. They worked quickly to provide Acima with an optimal financing structure and the capital necessary to execute on our growth initiatives,” said Aaron Allred, Founder and Chief Executive Officer at Acima.

“We are very pleased to partner with Acima to help facilitate the Company’s growth in their respective markets. The Company’s excellent reputation in the market is a testament to its strong management team and unique technology platform,” said Brad Nii, Managing Director at Comvest.

About Acima Credit, LLC

Acima Credit provides a flexible and creative alternative to traditional consumer lending. Acima’s proprietary technology driven point-of-sale finance solution is designed to be a fast and easy solution for both merchants and consumers while its online decision engine provides merchant partners and retail customers with an automatic approval decision within a matter of seconds. For more information, please visit www.acimacredit.com.

About Comvest Credit Partners

Comvest Credit Partners 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 $3.3 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.

Iron Mountain, MI. & West Palm Beach, FL. – Systems Control (or “the Company”), a best-in-class designer and manufacturer of customized, highly engineered control panels and electrical substation equipment enclosures for the transmission and distribution industry, today announced that Comvest Partners (“Comvest”) has acquired the Company.

Founded in 1962 and headquartered in Iron Mountain, Michigan, Systems Control manufactures equipment enclosures and control and relay panels used in electrical transmission and distribution substations across North America.  The Company is recognized by electric utility providers for its leadership in supplying high quality, critical components to ensure the reliable operation of the electrical grid.

“Systems Control has an outstanding reputation in the electric utility industry” said Lee Bryan, Partner at Comvest.  “We admire the leadership of the Company in building a respected business with a culture of operational excellence and we look forward to partnering with the Company’s management and employees to support the continued growth and commitment to serving its customers.”

David Brule, Sr., majority shareholder of Systems Control, will remain on the board of directors and Brad Lebouef, CEO, and the rest of the management team will continue with the Company in their existing leadership roles.

“This transaction is a milestone for Systems Control,” Brad Lebouef added.  “We have seen tremendous growth in our business over the years and we look forward to working with the Comvest team as we continue to grow as an organization and serve the North American electric utility industry from our headquarters in Iron Mountain.”

DCS Advisory (the successor entity to Sagent Advisors) acted as exclusive financial advisor and Godfrey & Kahn, S.C. acted as legal advisor to Systems Control. Comvest was advised by Stifel and McDermott Will & Emery.

About Systems Control

Systems Control specializes in engineering and manufacturing of equipment enclosures and control and relay panels used in electrical transmission and distribution substations across North America. The Company’s manufacturing operations are located in Iron Mountain, Michigan.  For more information, please visit www.systemscontrol.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 $3.0 billion in over 160 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 Documentation Agent and Lender in a $169.5 million senior secured credit facility (the “Financing”) to American Physician Partners, LLC (“APP” or the “Company”), a company backed by APP’s management team and BBH Capital Partners (“BBHCP”).  APP provides hospitals with an outsourced emergency department management platform and hospital staffing services.  The Financing will be used to fund future acquisitions, ongoing working capital and capital expenditures needs, and other general corporate purposes.  Goldman Sachs Specialty Lending Group acted as Administrative Agent for the Financing.

About American Physician Partners, LLC

American Physician Partners, founded in 2015 by a highly experienced leadership team comprised of both former hospital system executives and ED physicians, is a leading independent provider of outsourced ED management to hospitals in the U.S. For more information, please visit their website.

About Comvest Credit Partners

Comvest Credit Partners focuses on providing flexible financing solutions to middle-market companies. We provide 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 $20 million to $200 million for companies with revenues greater than $20 million.  We have offices located in West Palm Beach, Chicago, Los Angeles and New York.  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 $3.0 billion in over 160 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 Credit Partners (“Comvest”) acted as Administrative Agent and sole lender for a C$30 million Delayed Draw Term Loan Facility to Merchant Advance Capital (“Merchant” or the “Company”), a provider of alternative financing solutions to small businesses in Canada.  The proceeds were used to refinance existing debt and provide growth capital.

“We’re thrilled to have the support of Comvest in our journey to provide convenient access to working capital for Canadian small businesses. In addition to providing us with a significant quantity of institutional capital, Comvest has an incredibly deep understanding of our space, making them an ideal long-term financial partner as we continue to build out our business,” said David Gens, CEO of Merchant Advance Capital.

“Merchant has built an impressive platform with a strong reputation across Canada. We are excited to partner with the Company and look forward to supporting their growth initiatives in the years to come,” said Jason Gelberd, Partner at Comvest.

Deloitte Corporate Finance acted as the exclusive financial advisor to the Company during the financing process.

About Merchant Advance Capital

Merchant Advance Capital is one of Canada’s leading online lenders on a mission to help small- and medium-sized businesses grow. The company relies on technology and data science to reduce risk and offer lower fees and flexible repayment schedules. Founded in 2010, Merchant Advance Capital serves clients throughout Canada and has grown to include offices in Toronto and Vancouver. For more information, visit www.merchantadvance.com.

About Comvest Credit Partners

Comvest Credit Partners is the credit affiliate of Comvest Partners focused on providing flexible financing solutions to middle-market companies with offices in West Palm Beach, Chicago, Los Angeles, and New York.  Comvest Credit Partners provide senior secured, unitranche, second lien and mezzanine capital as well as equity co-investments. Comvest Credit Partners lends to sponsored and non-sponsored companies in support of refinancings, growth capital, acquisitions, buyouts, and recapitalizations. Credit facilities typically range from $20 million to $100 million for companies with revenues greater than $20 million.  For more information, please visit https://comvest.com/direct-lending

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 Partners has invested over $3.0 billion in over 160 companies. Today, Comvest Partners’ funds have $3.1 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 https://comvest.com/