Comvest Partners Expands Private Equity Team with Senior Hire

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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.

Comvest Partners’ Portfolio Company GAI Consultants Announces Acquisition of Creighton Manning Engineering

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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.

Comvest Credit Partners Provides $70 Million Senior Credit Facility to Nationwide Energy Partners to Support Growth Strategy

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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.

Comvest Partners’ Portfolio Company Your Behavioral Health Acquires Insight Treatment Programs

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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.

Comvest Credit Partners Announces Investment In Senior Helpers

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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.

Comvest Credit Partners Announces Investment In Discovery Senior Living

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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 Discovery Senior Living (“Discovery”), a Bonita Springs, Fla.-based third-party operator of senior housing communities backed by Lee Equity Partners and Coastwood Senior Housing Partners. The Financing will be used to refinance the business and support near-term acquisitions.

Founded in 1994, Discovery manages more than 30,000 senior living units across 38 states, making it the fifth largest senior housing operator in the United States. Discovery’s additional service lines include Discovery at Home, a Medicare-certified home health agency, and Discovery Development Group, a provider of real estate design, development and procurement services for senior housing communities.

“Discovery is a scaled provider of senior living operating services with an impressive history of organic growth. Industry tailwinds continue to be extremely favorable for long-term care services with the nation’s aging population,” said Tom Goila, a partner of Comvest and Co-Head of Healthcare for the firm’s direct lending strategy.

“Comvest was pleased to deliver a flexible facility to help support Discovery through its next phase of growth,” said Bryce Peterson, a Managing Director of Comvest and Co-Head of Healthcare for the firm’s direct lending strategy. “This transaction marks Comvest’s third with Lee Equity Partners in support of a healthcare services provider. We look forward to working with Coastwood and to further strengthening our relationship with the Lee team in helping Discovery achieve its expansion goals.”

About Discovery Senior Living
Discovery Senior Living is an asset-light provider of senior living community property management, real estate design/development, and home health services for senior living communities. Discovery offers comprehensive solutions to both property owners and residents at the national, regional, and individual community levels. For more information, please visit https://www.discoveryseniorliving.com/

About Lee Equity Partners
Lee Equity Partners, LLC is a New York-based private equity firm that partners with successful management teams to build companies with strong growth potential. Lee Equity targets equity investments of $50 million to $150 million in middle-market control buyouts and growth capital financings in companies with enterprise values of $100 million to $500 million that are located primarily in the United States. The firm invests within three distinct sectors, healthcare services, financial services, and business services, where the team has developed deep relationships over decades. More information is available at www.leeequity.com.

About Coastwood Senior Housing Partners
Coastwood Senior Housing Partners, LLC is an investment firm led by Daniel A. Decker that specializes in seniors housing and related services. The Coastwood partners have extensive investment experience in the senior housing and healthcare services industries, including investments in Omega Healthcare Investors (OHI), Sunrise Senior Living, and Sentio, as well as board experience in a variety of publicly owned and private healthcare service companies.

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.

Comvest Credit Partners Provides Financing to ACT Entertainment to Support Expansion Strategy

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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 $117 million senior secured credit facility (the “Financing”) for ACT Entertainment (the “Company”), a portfolio company of investment firm BASE Equity Partners (“BASE”). The Financing was used to refinance existing debt and support ACT Entertainment’s acquisitions of Spitfire Creative Technologies, a provider of audio and visual equipment and technology, and Ambersphere Solutions, a provider of professional lighting solutions.

Founded in 1993, ACT Entertainment is the leading manufacturer and value-added distributor of audio and lighting products and equipment to the North American entertainment industry. Its products are used in live shows, concerts, entertainment venues, theatres and film and television production studios. Customers include producers of some of the highest grossing entertainment tours in the United States and the United Kingdom. ACT Entertainment also sells music products and accessories through e-commerce and retail channels.

“ACT Entertainment is uniquely differentiated and experiencing strong momentum in the live event and performance space, which is undergoing rapid growth in the post-pandemic environment,” said Scott Soracoe, a Managing Director at Comvest. “We are pleased to provide a creative financing solution that will help ACT Entertainment achieve its growth objectives.”

“Comvest is dedicated to fostering strong relationships with a diverse borrower base that includes private equity sponsors, independent sponsors such as BASE, and unsponsored companies,” said Joe Higginbotham, a Managing Director at Comvest. “BASE has deep experience in the media and entertainment space and is also a long-term investor in ACT Entertainment. We look forward to our continued work together.”

Ben Schneider, Co-founder and Managing Partner of BASE, added, “Throughout the transaction process, the Comvest team was responsive, patient and committed to developing a deep understanding of the business. The result was a tailored financing solution that supports ACT Entertainment’s immediate capital needs as well as its desired pace of future acquisitive growth.”

About ACT Entertainment

ACT Entertainment is a manufacturer and value-added distributor of entertainment lighting, audio, and video technology used in major concert tours and live entertainment venues, film & TV studios, as well as in the theatrical, architectural, and music retail industries across North America. ACT’s products can be seen at the highest profile events and venues, including each of the top 10 grossing concert tours, the Super Bowl Halftime Show, and illuminating the Empire State Building. Founded in 1993 and headquartered in Jackson, MO, the company has more than 500 employees across offices in California, New Jersey, Massachusetts, Ohio, Colorado, Texas, Canada, Mexico, and the United Kingdom. For more information, please visit www.actentertainment.com.

BASE Equity Partners

BASE is a New York City-based operationally oriented independent investment group focused on helping founder-led and family-owned businesses achieve their full potential. For more information, please visit www.baseequitypartners.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.

Comvest Partners Announces Close of Sixth Flagship Private Equity Fund at $881 Million

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West Palm Beach, Fla.  Comvest Partners (“Comvest”), a leading middle-market private equity and credit investment firm, today announced the final close of its sixth flagship private equity fund, Comvest Investment Partners VI, L.P. (“CIP VI”, or the “Fund”), with total capital commitments of $881 million.

“We appreciate the strong reception CIP VI received from new and existing investors,” said Michael Falk, Comvest’s founder and Chief Executive Officer. “We believe our successful fundraise reflects Comvest’s deep experience in the middle market, our nearly 25-year history of delivering results for our investors, and the strength of our private equity strategy. We are grateful for the continued confidence our investors have placed in us and remain committed to meeting that trust.”

Comvest’s private equity strategy integrates specialized investment, industry and operational expertise with the principles of partnership and collaboration to help company founders and management teams scale their businesses, heighten operational performance and drive value creation to realize their full potential.

“This fundraising milestone is a testament to the experienced and proven investment team we have built at Comvest,” said Maneesh Chawla, a Managing Partner of Comvest and head of the firm’s private equity strategy. “Comvest has a long tenure supporting middle-market companies that seek a seasoned partner to help grow their businesses. We are excited about the continued momentum of our firm, our private equity investment approach, and our team.”

CIP VI received commitments from a diverse global investor group that includes foundations, insurance companies, pension funds, asset managers, consultants and family offices.

As with its predecessor funds, CIP VI pursues control investments in market-leading middle-market companies throughout North America. The Fund seeks to deploy up to $150 million of equity per investment in targeted industries including consumer, healthcare services, infrastructure and field services and professional and managed services. CIP VI’s approach supports founder and family transitions, leveraged recapitalizations, corporate divestitures, buyouts, complex situations, and public-to-private transactions.

Kirkland & Ellis LLP served as legal advisor to Comvest in the formation of CIP VI.

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.

Comvest Credit Partners Provides Financing to Billhighway to Support Acquisition Strategy

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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”) for Billhighway (or the “Company”), a Troy, Mich.-based provider of finance management technology solutions for fraternal organizations and associations, and private equity firm Lovell Minnick Partners (“LMP”). The Financing will be used to refinance existing debt and support Billhighway’s acquisition of ChapterSpot, a provider of customer relationship management (CRM).

Founded in 1999, Billhighway provides an integrated software platform that helps multi-chapter member-based organizations improve efficiency through applications that span membership and event management, reporting and analytics, payment processing and invoicing.

“Billhighway is a niche market leader with a strong and loyal customer base. We are pleased to provide a tailored facility to support the scaling of the Company through the acquisition of a leading provider of complementary technology services to the same market,” said Brian Cercek, a Managing Director at Comvest.

“LMP shares Comvest’s investment focus in the software and technology services sector and brings a long history of successful transactions in that space. We look forward to working together in support of Billhighway’s growth,” said Dan Lee, a Partner of Comvest.

“Comvest has a long track record of supporting high-growth software and payments businesses, and we are excited to partner with the Comvest team in support of Billhighway’s continued growth strategy,” said Trevor Rich, Partner at LMP.

About Billhighway

Billhighway delivers integrated software and payments solutions to the non-profit sector, providing SaaS-based member management, accounting and transaction processing services to Fraternities and Sororities, Associations and Labor Unions. For more information, please visit www.billhighway.co.

About Lovell Minnick Partners

Lovell Minnick Partners (“LMP”) invests in growth-oriented companies. The firm partners with founders and leadership teams to accelerate value creation through organic growth and strategic acquisitions, positioning their businesses for long-term, sustainable success. LMP leverages its deep sector experience and broad network of strategic advisors to identify and execute multiple strategic levers to drive transformational growth. Since LMP’s inception in 1999, the firm has raised over $4.75 billion of committed capital, invested in over 50 companies, and completed over 175 add-on acquisitions. LMP targets growth-oriented, middle-market companies in the financial services, financial technology, and business services sectors. For more information, please visit www.lmpartners.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.

Comvest Partners Expands Direct Lending Platform Senior Team with Hire of David Gibson as Managing Director

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West Palm Beach, Fla. Comvest Partners (“Comvest”), an operationally focused middle-market private investment firm, is pleased to announce that David Gibson has joined the firm as a Managing Director. Mr. Gibson is responsible for originating, structuring and managing debt investments for Comvest Credit Partners, Comvest’s direct lending investment platform. He is based in the firm’s Chicago office.

Mr. Gibson brings extensive direct lending leadership experience in the middle market. He joins Comvest from Goldman Sachs, where he spent nearly two decades, most recently as a Director. While at Goldman Sachs, Mr. Gibson was among the founding members of the specialty lending group and opened the Chicago office in 2004. Earlier in his career, Mr. Gibson also held investment management roles at Twin Brook Capital, GE Commercial Finance / Heller Financial, and LaSalle Bank (now Bank of America).

“We are fortunate to have David on the Comvest Credit Partners team,” said Jason Gelberd, a Partner of Comvest and co-head of Direct Lending. “Many of us have worked alongside him as colleagues or co-investors over our careers. David is a highly regarded and seasoned credit investor who brings expertise in the entire investment management life cycle, transaction experience in Comvest’s target industries, and strong relationships in the direct lending space. We look forward to his leadership in working with sponsors, intermediaries and company management to develop bespoke financing solutions that support a variety of funding needs.”

Mr. Gibson said, “I am very excited to join Comvest. I have experienced firsthand the strength of the direct lending platform and believe Comvest Credit Partners’ consistent growth is a testament to the firm’s ability to successfully address the financing needs of both sponsored and non-sponsored middle-market businesses. I look forward to building on my direct lending experience to help further advance Comvest’s growth.”

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 more than $9.9 billion in assets and has invested over $11.7 billion since inception. Based in West Palm Beach, Comvest also maintains offices in Chicago and New York. 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 $250 million-plus. For more information, please visit comvest.com/direct-lending.