West Palm Beach, Fla. – Comvest Credit Partners (“Comvest”), a leading provider of flexible direct financing solutions to middle-market companies, today announced the recent closing of its debut Collateralized Loan Obligation (CLO), Comvest 2024-1 CLO (“Comvest CLO”), at $500 million.

“We are excited to leverage Comvest’s resources and capabilities to further expand our credit product offering and fund financing sources,” said Jason Gelberd, a Partner and Chief Operating Officer and Co-Head of Direct Lending for Comvest. “A CLO solution builds upon Comvest’s longstanding expertise in middle-market credit investment management and provides investors diverse opportunities to invest in Comvest, whether through our direct lending funds or a CLO.”

“We are thankful for the strong response from our investor base and believe our ability to price a CLO reflects confidence in our veteran credit investment team and 18-year performance record through market cycles. We hope to return to the market and become a programmatic CLO issuer,” Mr. Gelberd continued.

Comvest CLO is rated by Standard & Poor’s and collateralized by a diversified portfolio of senior secured loans, originated and managed by Comvest, with a nine-month reinvestment period and a nine-month non-call period.

Deutsche Bank Securities Inc. served as the Lead Manager and Sole Bookrunner on the transaction. NatWest Markets plc acted as the Co-Placement Agent and GreensLedge Capital Markets LLC was the Co-Manager.

Comvest is the first debut issuer of a middle-market U.S. CLO in 2024.

About Comvest Credit Partners

Comvest Credit Partners, the direct lending platform of Comvest Partners, focuses on providing flexible financing solutions to middle-market companies. Comvest Credit Partners provides senior secured, unitranche, and second lien capital to sponsored and non-sponsored companies in support of growth, acquisitions, buyouts, refinancings, and recapitalizations, with credit facilities up to $300 million-plus. For more information, please visit comvest.com/direct-lending.

About Comvest Partners

Comvest Partners is a private investment firm that has provided equity and debt capital to well-positioned middle-market companies throughout North America since 2000. Through its private equity, direct lending and special opportunities investment platforms, Comvest offers tailored investment solutions across the capital structure along with deep industry expertise, operating resources, a collaborative approach, and significant transaction experience as an active investor. Today, Comvest manages $12.5 billion in assets, and has invested over $13.5 billion since inception. Based in West Palm Beach, Comvest also maintains offices in Chicago and New York City. For more information, please visit comvest.com.

Longtime partners Robert O’Sullivan, Jason Gelberd and Greg Reynolds to serve as Chief Executive Officer, Chief Operating Officer and Chief Investment Officer, respectively, of Direct Lending Investment Platform

West Palm Beach, Fla. – Comvest Partners (“Comvest”), a middle-market private investment firm, today announced the promotions of three key leaders of Comvest Credit Partners, its direct lending investment platform. Robert O’Sullivan has been appointed as Chief Executive Officer; Jason Gelberd as Chief Operating Officer; and Greg Reynolds as Chief Investment Officer, effective immediately. With these appointments, Michael Falk, Comvest’s Founder and Chief Executive Officer, assumes the role of Executive Chairman.

“We are fortunate to have an outstanding direct lending executive leadership team, and I am proud to announce the formalization of the strategic roles Robert, Jason and Greg have been fulfilling for quite some time,” Mr. Falk said. “They are all insightful and results-driven leaders whose extensive investment management experience, vision and contributions have been instrumental to Comvest Credit Partners’ growth and success.”

Mr. O’Sullivan, who was most recently Managing Partner, will continue to oversee management of Comvest Credit Partners. He joined Comvest in 2002 and, together with Mr. Falk, co-founded Comvest Credit Partners four years later. Mr. O’Sullivan’s responsibilities have encompassed every facet of Comvest’s credit investment business, including capital formation, investor relations oversight, investment product development and management, complex credit oversight, and the expansion of Comvest’s investment product offerings to Limited Partners globally. Mr. O’Sullivan also serves as Chairman and Chief Executive Officer of Commonwealth Credit Partners BDC I, Inc., and AMG Comvest Senior Lending Fund, business development companies that invest in directly originated middle-market loans.

“I am excited about the opportunity to continue to partner with Michael and my exceptional colleagues in Comvest Credit Partners’ next phase of growth,” Mr. O’Sullivan said. “With its long-term performance record, strong support from our Limited Partners, and outstanding and committed investment team, Comvest Credit Partners remains uniquely positioned as a premier source of flexible debt financing solutions for midsize North American companies.”

In addition to their new roles, Mr. Gelberd and Mr. Reynolds will continue to serve as co-heads of direct lending. Mr. Gelberd joined Comvest in 2013. As Chief Operating Officer, he will continue to oversee portfolio management and operations for both Comvest’s direct lending and special opportunities strategies.

Mr. Reynolds joined Comvest in 2010. As Chief Investment Officer, he will continue to oversee the structuring and underwriting functions of both Comvest’s direct lending and special opportunities strategies.

As Executive Chairman, Mr. Falk will remain actively involved in Comvest’s leadership. He will continue to serve on all investment and operating committees and manage key relationships in addition to focusing on strategic and new growth opportunities for the firm.

About Comvest Partners

Comvest Partners is a private investment firm that has provided equity and debt capital to well-positioned middle-market companies throughout North America since 2000. Through its private equity, direct lending and special opportunities investment platforms, Comvest offers tailored investment solutions across the capital structure along with deep industry expertise, operating resources, a collaborative approach, and significant transaction experience as an active investor. Today, Comvest manages $12.5 billion in assets, and has invested over $13.5 billion since inception. Based in West Palm Beach, Comvest also maintains offices in Chicago and New York City. For more information, please visit comvest.com.

About Comvest Credit Partners

Comvest Credit Partners, the direct lending platform of Comvest Partners, focuses on providing flexible financing solutions to middle-market companies. Comvest Credit Partners provides senior secured, unitranche, and second lien capital to sponsored and non-sponsored companies in support of growth, acquisitions, buyouts, refinancings, and recapitalizations, with credit facilities up to $300 million-plus. For more information, please visit comvest.com/direct-lending.

West Palm Beach, Fla. – Comvest Credit Partners (“Comvest”), a leading provider of flexible direct financing solutions to middle-market companies, is pleased to announce that it is acting as Joint Lead Arranger and is the co-Administrative Agent alongside Sagard on a $415 million senior secured credit facility (the “Financing”) for WildBrain Ltd. (“WildBrain” or the “Company”) (TSX: WILD), a global media leader in kids’ and family entertainment. The Financing, from a group of private lenders, will be used to refinance existing debt and repay debentures.

WildBrain develops, produces, and distributes films and television programs in Canada, the United States, the United Kingdom, and internationally. A worldwide leader in content creation, distribution and global licensing for kids’ entertainment brands, WildBrain is home to such franchises as Peanuts, Teletubbies, Strawberry Shortcake, and Caillou. The Company’s entertainment content is available on over 500 platforms in more than 150 countries.

“WildBrain is a niche market leader in children’s entertainment programming with a diversified asset portfolio and blue-chip customer base,” said Joe Higginbotham, a Managing Director at Comvest. “The Comvest team is pleased to close a major refinancing transaction that supports WildBrain’s growth strategy in a media sector with positive tailwinds.”

About WildBrain

WildBrain Ltd. is a global media, animation studio, production and brand licensing company for kids’ and family entertainment properties. WildBrain is home to such franchises as Peanuts, Teletubbies, Strawberry Shortcake, and Caillou, and its content is available in more than 150 countries on over 500 platforms. Its in-house licensing agency represents major brands for consumer products in every major territory worldwide. WildBrain is headquartered in Canada with offices worldwide and trades on the Toronto Stock Exchange (TSX: WILD).

About Sagard

Sagard is a global multi-strategy alternative asset management firm with more than US $25B under management, 150+ portfolio companies, and 300 professionals. Sagard invests in venture capital, private equity, private credit, real estate, and royalties. With offices in Canada, the United States, Europe and the Middle East, Sagard provides flexible capital, an entrepreneurial culture, and a global network of investors, commercial partners, advisors, and value-creation experts. For more information, visit www.sagard.com.

About Comvest Credit Partners

Comvest Credit Partners, the direct lending platform of Comvest Partners, focuses on providing flexible financing solutions to middle-market companies. Comvest Credit Partners provides senior secured, unitranche, and second lien capital to sponsored and non-sponsored companies in support of growth, acquisitions, buyouts, refinancings, and recapitalizations, with credit facilities up to $300 million-plus. For more information, please visit comvest.com/direct-lending.

About Comvest Partners

Comvest Partners is a private investment firm that has provided equity and debt capital to well-positioned middle-market companies throughout North America since 2000. Through its private equity, direct lending and special opportunities investment platforms, Comvest offers tailored investment solutions across the capital structure along with deep industry expertise, operating resources, a collaborative approach, and significant transaction experience as an active investor. Today, Comvest manages $12.5 billion in assets, and has invested over $13.5 billion since inception. Based in West Palm Beach, Comvest also maintains offices in Chicago and New York City. For more information, please visit comvest.com.

West Palm Beach, Fla. – Comvest Credit Partners (“Comvest”), a leading provider of flexible direct financing solutions to middle-market companies, is pleased to announce that it is acting as Administrative Agent and is the Sole Lender on a senior secured credit facility (the “Financing”) to support the acquisition of TFS, Ltd. (“TFS”), by Southfield Capital.

TFS is a leading independent provider of turnkey fleet management services for material handling assets such as forklifts and automated guided vehicles, serving Fortune 1000 and large manufacturing and distribution companies throughout North America. TFS also originates financing and leasing solutions through its subsidiary, OnPoint Capital. Based in Perrysburg, Ohio, TFS services more than 100 customers with over 35,000 total assets under management across over 2,100 sites.

“TFS occupies a growing segment of the materials handling market, offering critical value-added services to a deeply rooted customer base,” said Joe Higginbotham, a Managing Director at Comvest. “Comvest was pleased to leverage our sector and specialty finance expertise to structure a supportive facility for the acquisition. We look forward to continuing to build our relationship with Southfield Capital, which brings deep knowledge of the management team and the business as a previous investor in the company.”

“We had a terrific experience working with Comvest,” said Andy Cook, a Partner of Southfield Capital. “Comvest delivered a complete financing solution that enabled us to move quickly to execute a complex M&A transaction involving a corporate carve-out. We look forward to supporting TFS as the company continues to deliver excellent outcomes for customers while growing and expanding its service offering.”

About TFS

TFS is a brand-independent provider of turnkey fleet management services for Fortune 1000 companies and large manufacturing and distribution companies throughout North America. For more information, please visit https://tfsglobal.com/.

About Southfield Capital

Southfield Capital is a private equity firm that invests in high-growth, lower middle market companies in the outsourced business services sector. The firm targets companies with $4 – 15 million in EBITDA and partners with management to scale the business through a combination of organic and acquisition growth strategies. For more information, please visit https://www.southfieldcapital.com/.

About Comvest Credit Partners

Comvest Credit Partners, the direct lending platform of Comvest Partners, focuses on providing flexible financing solutions to middle-market companies. Comvest Credit Partners provides senior secured, unitranche, and second lien capital to sponsored and non-sponsored companies in support of growth, acquisitions, buyouts, refinancings, and recapitalizations, with credit facilities up to $250 million-plus. For more information, please visit comvest.com/direct-lending.

About Comvest Partners

Comvest Partners is a private investment firm that has provided equity and debt capital to well-positioned middle-market companies throughout North America since 2000. Through its private equity, direct lending and special opportunities investment platforms, Comvest offers tailored investment solutions across the capital structure along with deep industry expertise, operating resources, a collaborative approach, and significant transaction experience as an active investor. Today, Comvest manages $12.3 billion in assets, and has invested over $12.8 billion since inception. Based in West Palm Beach, Comvest also maintains offices in Chicago and New York. For more information, please visit comvest.com.

West Palm Beach, Fla. – Comvest Credit Partners (“Comvest”), a leading provider of flexible direct financing solutions to middle-market companies, is pleased to announce that it is acting as Administrative Agent and is the Sole Lender on a $153 million senior secured credit facility (the “Financing”) for Pro Food Solutions (“Pro Food”, or the “Company”), a Richmond, Calif.-based distributor and supplier of food products to the U.S. military market. The Financing supports a dividend recapitalization of the business, as well as organic and acquisitive growth. Pro Food is a portfolio company of IMB Partners.

Pro Food sources, brands and distributes a broad portfolio of proprietary and national brand food products to the military and their families at bases, deployed aircraft carriers and commissaries worldwide. The Company represents food categories including beef, pork, poultry, vegetables, seafood, dairy and snacks.

“Pro Food is a unique business that has differentiated itself by providing quality products and high-touch service to a geographically dispersed customer base,” said Kamau Hixon, a Principal at Comvest. “Comvest was pleased to provide a complete and flexible financing solution that includes both a dividend and growth capital to support Pro Food’s strategic goals. We look forward to working alongside IMB Partners, which has deep expertise in the government contracting market.”

“The Comvest team was quick to understand a complicated industry and a complex deal,” said Tarrus Richardson, founder and CEO of IMB Partners. “They moved with efficiency and thoughtfulness in delivering a one-stop financing package that best positions Pro Food to respond to ever-shifting military needs while pursuing its business-building and expansion initiatives.”

About Pro Food Solutions
Pro Food Solutions is a global food company and leading supplier to the U.S. Military worldwide. For more information, visit  https://profoodsolutions.com

About IMB Partners
Founded in 2010, IMB is a private equity sponsor focused on investing and partnering with management teams to grow lower middle market companies serving government agencies and electric and gas utilities. IMB believes that diversity is an asset and takes an entrepreneurial approach to building companies of scale. IMB seeks platform investment targets with $10-$250 million in revenue. For more information, imbpartners.com.

About Comvest Credit Partners

Comvest Credit Partners, the direct lending platform of Comvest Partners, focuses on providing flexible financing solutions to middle-market companies. Comvest Credit Partners provides senior secured, unitranche, and second lien capital to sponsored and non-sponsored companies in support of growth, acquisitions, buyouts, refinancings, and recapitalizations, with credit facilities up to $250 million-plus. For more information, please visit comvest.com/direct-lending.

About Comvest Partners

Comvest Partners is an operationally focused private investment firm that has provided equity and debt capital to well-positioned middle-market companies throughout North America since 2000. Through its private equity, direct lending and special opportunities investment platforms, Comvest offers tailored investment solutions across the capital structure, deep industry and operating expertise, a collaborative approach, and significant transaction experience as an active investor. Today, Comvest manages $12.3 billion in assets, and has invested over $12.8 billion since inception. Based in West Palm Beach, Comvest also maintains offices in Chicago and New York. For more information, please visit comvest.com.

West Palm Beach, Fla. – Comvest Partners (“Comvest”), a leading middle-market private equity and credit investment firm, today announced that Eric Shields has rejoined the firm as a Principal in the private equity group, where he is responsible for sourcing, evaluating, executing and monitoring private equity investments. Mr. Shields was previously with Comvest from 2016 to 2021, most recently as a Vice President.

Mr. Shields brings more than a decade of middle-market private equity investment experience across a broad range of industry sectors. He joins Comvest from Datavest Partners, a Fort Lauderdale-based private equity firm.

During his earlier tenure at Comvest, Mr. Shields led market, business, financial underwriting and ongoing portfolio management of consumer and services companies. He played integral roles in a number of key transactions for the firm, including RugsUSA, a leading rugs e-retailer, and Lasko, a leading retailer of portable fans and other home comfort products.

“We are delighted to welcome Eric back to Comvest,” said Maneesh Chawla, a Managing Partner of Comvest and head of the Private Equity strategy. “Eric is an excellent private equity investor who brings considerable management experience along with specialized sector and transaction expertise to our growing private equity team. We look forward to his leadership in developing opportunities and helping our portfolio companies execute strategic and operational initiatives focused on driving business growth and long-term value.”

“I am thrilled to return to Comvest,” Mr. Shields said. “Comvest is a special firm with a well-earned reputation as an outstanding private equity partner that offers committed financial sponsorship, versatile operational resources, and a collaborative approach to building better businesses. I am excited to rejoin my colleagues.”

Mr. Shields’ earlier work in the private equity and investment banking industries also includes roles with H.I.G. Capital and Stephens Inc.

Mr. Shields received a B.S. in Business Administration, with a concentration in Finance, from the University of Florida, where he graduated with honors.

About Comvest Partners

Comvest Partners is an operationally focused private investment firm that has provided equity and debt capital to well-positioned middle-market companies throughout North America since 2000. Through its private equity, direct lending and special opportunities investment platforms, Comvest offers tailored investment solutions across the capital structure, deep industry and operating expertise, a collaborative approach, and significant transaction experience as an active investor. Today, Comvest manages $12.3 billion in assets, and has invested over $12.8 billion since inception. Based in West Palm Beach, Comvest also maintains offices in Chicago and New York. For more information, please visit www.comvest.com.

West Palm Beach, Fla. – Comvest Partners (“Comvest”), a middle-market private investment firm, is pleased to announce that an affiliate of GAI Consultants, Inc. (“GAI”) has acquired Creighton Manning Engineering, LLP (“Creighton Manning” or the “Company”), of Albany, New York. GAI, a preeminent engineering, planning and environmental consulting firm with locations throughout the United States, is a platform investment in Comvest’s private equity portfolio. With the transaction, Creighton Manning becomes a division of GAI called Creighton Manning, a GAI Company.

Founded in 1965, Creighton Manning is an engineering firm focused on the transportation and transit markets. The Company is a leading provider of multidiscipline engineering, planning, and land surveying services to public sector and corporate clients focused on New York state.

“U.S. infrastructure is in need of increasing levels of technical expertise and investment in its repair, maintenance, improvement and expansion. Comvest remains committed to supporting GAI’s ambition to be a leading national provider of engineering and consulting services, particularly for the transportation and power and energy infrastructure markets,” said Kevin LaHatte, a Partner of Comvest. “Creighton Manning has built a premier reputation through its history of engineering excellence in the transportation market and provides GAI complementary engineering services and expanded geographic reach.”

“Creighton Manning brings a deep leadership team and a wealth of expertise to GAI,” said GAI Chairman and CEO Gary DeJidas. “Our complementary service offerings and a shared vision to provide exceptional service, top-quality technical solutions, and a people-first culture that benefits clients and staff make the combination of Creighton Manning and GAI an excellent fit. The company brings a portfolio of high-quality clients, and we are pleased to welcome the entire Creighton Manning team.”

Creighton Manning’s leadership will continue to lead the new division and are now owners in GAI.

GAI provides engineering and consulting services to clients in the transportation, power and energy, government, industrial and development sectors. The firm has won more than 70 Engineering Excellence Awards over its operating history, including annual recognitions by Engineering News-Record as one of the Top 200 Environmental Firms and one of the Top 500 Design Firms.

About Creighton Manning

Creighton Manning is a multidisciplinary engineering firm with expertise in highway and bridge design, traffic and transit services, surveying, and construction inspection. The firm has been in business since 1965, providing infrastructure design services to public and private sector clients in the transportation, municipal, and development markets. For more information, visit www.cmellp.com.

 About GAI Consultants

Transforming ideas into reality® since 1958, GAI Consultants delivers award-winning engineering, planning, and environmental expertise to transportation, power and energy, government, industrial and development clients. GAI’s accomplished specialists are dedicated to earning clients’ trust—they approach every initiative with enthusiasm and integrity, delivering multifaceted services to meet the greatest challenges. For more information, please visit www.gaiconsultants.com.

About Comvest Partners

Comvest is an operationally focused private investment firm that has provided equity and debt capital to well-positioned middle-market companies throughout North America since 2000. Through its private equity, direct lending and special opportunities investment platforms, Comvest offers tailored investment solutions across the capital structure, deep industry and operating expertise, a collaborative approach, and significant transaction experience as an active investor. Today, Comvest manages $10.4 billion in assets, and has invested over $12.4 billion since inception. Based in West Palm Beach, Comvest also maintains offices in Chicago and New York. For more information, please visit www.comvest.com.

West Palm Beach, Fla. – Comvest Credit Partners (“Comvest”), a leading provider of flexible direct financing solutions to middle-market companies, is pleased to announce that it is acting as Administrative Agent and is the Sole Lender on a $70 million senior secured credit facility (the “Financing”) for Nationwide Energy Partners (“NEP”, or the “Company”), an Ohio-based provider of utility management services to the multifamily market. The Financing will be used to retire existing debt and support new strategic initiatives.

Founded in 1999, NEP provides privatized electricity and water management solutions to multifamily property owners, managers and developers and their residents primarily in Ohio and Pennsylvania, with additional presence in New York and Texas. The Company’s services include design, installation, and ongoing maintenance of last-mile electric and water infrastructure systems as well as billing, data analytics, consulting and customer support. Focused on clean energy, NEP has been providing carbon-free energy since 2021.

“Comvest continues to focus on investing in well-positioned providers of critical infrastructure services,” said Chris O’Donnell, a Manager Director at Comvest. “NEP has built a strong reputation and achieved a long track record of growth as a leading regional provider of sustainable energy solutions to the multifamily sector. Our collaborative process with the leadership team resulted in a flexible facility that provides immediate and follow-on funding to support NEP’s key strategic projects.”

“Comvest displayed creativity and diligence in navigating the complex energy market to deliver a financing package structured to help NEP execute our growth strategy more quickly and efficiently,” said Timothy J. (T.J.) Harper, President of NEP. “In addition, Comvest’s ability to increase the size of the facility over time was a key factor in our choice of provider. This relationship enables NEP to continue providing exceptional energy management services to our current multifamily partners while further expanding in new and existing markets across the United States.”

About Nationwide Energy Partners

Nationwide Energy Partners (NEP) is an Ohio-based energy services company exclusively serving multifamily communities through privatized utility ownership and clean energy technologies. For more information, visit www.nationwideenergypartners.com.

About Comvest Credit Partners

Comvest Credit Partners, the direct lending platform of Comvest Partners, focuses on providing flexible financing solutions to middle-market companies. Comvest Credit Partners provides senior secured, unitranche, and second lien capital to sponsored and non-sponsored companies in support of growth, acquisitions, buyouts, refinancings, and recapitalizations, with credit facilities up to $250 million-plus. For more information, please visit www.comvest.com/direct-lending.

About Comvest Partners

Comvest Partners is an operationally focused private investment firm that has provided equity and debt capital to well-positioned middle-market companies throughout North America since 2000. Through its private equity, direct lending and special opportunities investment platforms, Comvest offers tailored investment solutions across the capital structure, deep industry and operating expertise, a collaborative approach, and significant transaction experience as an active investor. Today, Comvest manages $10.4 billion in assets, and has invested over $12.4 billion since inception. Based in West Palm Beach, Comvest also maintains offices in Chicago and New York. For more information, please visit www.comvest.com.

West Palm Beach, Fla. – Comvest Partners (“Comvest”), an operationally focused middle-market private investment firm, is pleased to announce that Your Behavioral Health, a Torrance, Calif.-based behavioral health services platform, has acquired Insight Treatment Programs (“Insight”). Insight joins Your Behavioral Health’s regional network of behavioral health clinics providing mental health and addiction treatment care for teens and adults. Your Behavioral Health is a platform investment in Comvest’s private equity portfolio.

Founded in 1993, Insight is a Southern California provider of teen outpatient programs for mental health and addiction treatment. Insight operates six locations across the Los Angeles metropolitan region, providing intensive outpatient services and community-focused support to adolescents and their families.

“Comvest is pleased to support the continued growth of Your Behavioral Health. The team is focused on providing the highest quality care and treatment solutions while expanding the platform’s capabilities and patient access to critical mental health care services,” said Andrew Shear, a Principal at Comvest.

“Your Behavioral Health is committed to delivering best-in-class behavioral healthcare to individuals throughout Southern California,” said Mike Joly, Chief Executive Officer of Your Behavioral Health. “An established provider in the mental healthcare space, Insight is an excellent fit that expands Your Behavioral Health’s regional clinical footprint, strengthens our leading position in teen services, and ensures we remain a strong partner to the communities we serve.”

The acquisition of Insight expands Your Behavioral Health’s clinical network to more than 25 sites across Southern California. Your Behavioral Health provides a full spectrum of clinical inpatient, outpatient, interventional psychiatry, and residential care across its family of brands through specialized programs for depression, anxiety, trauma-related issues, addiction and other mental health conditions.

About Your Behavioral Health

Your Behavioral Health is a leading regional behavioral health services platform that provides comprehensive best-in-class services for adults and teens across the continuums of mental health and addiction treatment. Through its state-of-the-art facilities throughout Southern California, expert clinical teams, and pioneering evidence-based and patient-centric approach to care, Your Behavioral Health offers specialized residential, inpatient and outpatient programs for depression, anxiety, trauma-related issues, substance abuse and other mental health conditions. Its family of brands includes Clear Behavioral Health, Insight Treatment Programs, Neuro Wellness Spa, and New Life House. For more information, please visit www.yourbehavioralhealth.com.

About Comvest Partners

Comvest is an operationally focused private investment firm that has provided equity and debt capital to well-positioned middle-market companies throughout North America since 2000. Through its private equity, direct lending and special opportunities investment platforms, Comvest offers tailored investment solutions across the capital structure, deep industry and operating expertise, a collaborative approach, and significant transaction experience as an active investor. Today, Comvest manages $10.4 billion in assets, and has invested over $12.4 billion since inception. Based in West Palm Beach, Comvest also maintains offices in Chicago and New York. For more information, please visit www.comvest.com.

West Palm Beach, Fla. – Comvest Credit Partners (“Comvest”), a leading provider of flexible direct financing solutions to middle-market companies, is pleased to announce that it is acting as Administrative Agent on a senior secured credit facility (the “Financing”) for Senior Support Holdings (Franchise) Acquisition, Inc. (“Senior Helpers”), a Towson, Md.-based national leader in home care and wellness offerings for seniors. The Financing was used to support the acquisition of Senior Helpers by private equity firm Waud Capital Partners (“Waud Capital”). The funding also provides committed capital for Senior Helpers’ future growth initiatives.

Founded in 2002, Senior Helpers operates through more than 380 franchised and corporate-owned locations in 44 states, Canada, and Australia, providing non-medical personal care services that enhance seniors’ ability to avoid or delay the need for inpatient care. Senior Helpers’ services range from grocery shopping to medication reminders, transportation, companionship, and programs for chronic diseases such as Alzheimer’s and Parkinson’s.

“Senior Helpers is a premier and scalable brand that has achieved a long track record of consistent growth in an attractive segment of the home health care market,” said Bryce Peterson, a Managing Director at Comvest and Co-Head of the direct lending strategy’s Healthcare sector. “Comvest remains committed to investing in the healthcare sector, and to providing responsive financing solutions that help well-positioned providers achieve their strategic goals.”

“Senior Helpers marks Comvest’s third successful transaction with Waud Capital, a sponsor with deep investment experience in the home health care space,” said Joe Higginbotham, a Managing Director at Comvest. “We look forward to working with the Waud Capital team to support Senior Helpers’ continued growth.”

Matt Albers, a Partner of Waud Capital, added, “Comvest has consistently delivered sizable financing commitments with speed, efficiency, and a collaborative approach. We look forward to capitalizing on opportunities to help Senior Helpers expand its best-in-class suite of senior services in the next phase of the company’s growth.”

About Senior Helpers
Senior Helpers is one of the nation’s premier providers of in-home senior services ranging from specialized care for those with diseases, such as dementia, Alzheimer’s, and Parkinson’s, to personal and companion care to help individuals looking for a little assistance with daily activities. Founded in 2002 with a vision to help seniors age with dignity despite age-related illnesses and mobility challenges, Senior Helpers has hundreds of franchised and owned businesses that have cared for tens of thousands of seniors. For more information, visit www.seniorhelpers.com.

About Waud Capital Partners
Based in Chicago, Waud Capital Partners is a growth-oriented private equity firm with over 30 years of investing experience. Waud Capital seeks to partner with experienced management teams to build market-leading companies within two industries: software & technology and healthcare. Since its founding in 1993, Waud Capital has successfully completed more than 460 investments, including platform companies and follow-on opportunities. For additional information on Waud Capital, please visit www.waudcapital.com.

About Comvest Credit Partners

Comvest Credit Partners, the direct lending platform of Comvest Partners, focuses on providing flexible financing solutions to middle-market companies. Comvest Credit Partners provides senior secured, unitranche, and second lien capital to sponsored and non-sponsored companies in support of growth, acquisitions, buyouts, refinancings, and recapitalizations, with credit facilities up to $250 million-plus. For more information, please visit www.comvest.com/direct-lending.

About Comvest Partners

Comvest Partners is an operationally focused private investment firm that has provided equity and debt capital to well-positioned middle-market companies throughout North America since 2000. Through its private equity, direct lending and special opportunities investment platforms, Comvest offers tailored investment solutions across the capital structure, deep industry and operating expertise, a collaborative approach, and significant transaction experience as an active investor. Today, Comvest manages $10.4 billion in assets, and has invested over $12.4 billion since inception. Based in West Palm Beach, Comvest also maintains offices in Chicago and New York. For more information, please visit www.comvest.com.