Comvest Credit Partners Upsizes its Investment in Beyond Finance to Support Growth; Senior Credit Facility Now $635 Million

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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 an upsized $635 million senior credit facility (the “Financing”) for Beyond Finance (the “Company”), a U.S.-based provider of success fee-based debt resolution services. The Financing marks the seventh upsize Comvest has supported for Beyond Finance, part of Comvest’s Direct Lending portfolio since 2019, and will be used toward the Company’s ongoing operations and continued growth.

Founded in 2016, Beyond Finance has become a leader in the debt resolution industry, offering individually customized debt reduction programs to help consumers successfully consolidate and resolve debt.

“Beyond Finance has successfully executed on many key strategic growth initiatives over the past four years,” said Tim Kim, a Managing Director and Head of Specialty Finance at Comvest. “Comvest is pleased to serve as the Company’s long-term debt capital provider and support its achievement of new milestones. This transaction illustrates Comvest’s ability to significantly increase our transaction sizes in lockstep with our portfolio companies’ continuing growth financing needs.”

“Comvest’s capital has played a significant role in accelerating the growth of the Beyond Finance platform by allowing us to scale our operations during a dynamic economic environment and with U.S. consumer debt at record highs,” said Tim Ho, Chief Executive Officer at Beyond Finance. “The Comvest team is responsive, extremely knowledgeable in the complexities of the debt resolution sector, and creative in delivering us flexible financing solutions that match our growth.”

Pathlight Capital LP served as Documentation Agent on the transaction. Funds managed by affiliates of Fortress Investment Group LLC also participated as a lender in the transaction.

About Beyond Finance

Beyond Finance is a next generation Financial Services company, with offices in Chicago, Houston, and San Diego. Our goal is to provide financial peace of mind by guiding people to a path beyond debt with financial products that are simple and transparent. For more information, please visit https://www.beyondfinance.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 more than $9.3 billion in assets, and has invested over $11 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 Structured Capital Investment in Apotheco Pharmacy Group

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West Palm Beach, Fla. Comvest Partners (“Comvest”), an operationally focused middle-market private investment firm, is pleased to announce that Comvest Special Opportunities, Comvest’s structured capital investment platform, has completed a junior capital investment in Apotheco Pharmacy Group (“Apotheco”, or the “Company”), an operator of specialized pharmacies focused on clinical dermatology. Comvest Special Opportunities also made an equity co-investment in the business that will be used to help fund Apotheco’s strategic acquisitions and other growth initiatives.

Founded in 2013, Apotheco provides specialized dermatological care solutions to medical providers and patients. The Company operates a growing pharmacy network that spans 15 states nationwide and is staffed by teams of dermatology specialists. Apotheco offers electronic prescriptions, a large inventory of dermatology medications, and free shipping. Conditions treated by Apotheco’s products include acne, rosacea, eczema, psoriasis, and skin infections and wounds.

“Comvest Special Opportunities’ financing solutions are well-suited for companies like Apotheco in fast-moving situations where the ability to quickly secure meaningful and targeted capital is critical to their next phase of growth,” said Derek Gould, a Managing Director at Comvest.

“Comvest executed a complex transaction in a challenging financing market and, through Comvest Special Opportunities’ flexible investment mandate, provided a hybrid capital solution to support Apotheco’s current and future needs,” said Tom Goila, a Partner of Comvest.

Comvest Special Opportunities provides capital solutions that can combine structured debt and non-control equity, offering a flexible investment approach to middle-market companies facing situational challenges that require creative financing to help achieve their strategic goals. Comvest is able to quickly execute complex transactions, typically involving a variety of unique growth and operational factors, and is comfortable with opaque and fast-moving situations in which there are a range of plausible valuations and outcomes.

About Apotheco Pharmacy Group

Apotheco is a leading clinically focused network of specialized pharmacies serving the dermatology market. Through its high-touch model, Apotheco benefits prescribers, patients and payors by providing convenience, cost savings and leading customer service. For more information, visit https://www.apothecopharmacy.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 more than $9.3 billion in assets, and has invested over $11 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 Support Acquisition of I-Engineering by XDimensional Technologies

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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 has acted as Administrative Agent and Sole Lender on a $42.5 million senior secured credit facility (the “Financing”) for XDimensional Technologies, Inc. (“XDTI,” or the “Company”), a Brea, Calif.-based provider of insurance technology backed by private equity firm Serent Capital. The Financing was used to refinance existing debt and fund XDTI’s acquisition of I-Engineering, Inc., a Shelton, Conn.-based insurance software firm.

The companies provide complementary insurance technology software with a broad range of applications that support the core business operations of customers.

“The merger brings together two leading players in an attractive technology sector whose differentiated solutions together fulfill mission-critical operating functions for businesses throughout the insurance industry,” said Joe Higginbotham, a Managing Director at Comvest. “Comvest was pleased to structure a tailored financing package to support a key strategic acquisition by XDTI.”

“XDTI marks Serent’s second transaction with Comvest, and we look forward to continuing to grow our relationship with the Comvest team,” said Kevin Frick, Partner at Serent Capital. “Comvest’s deep experience in the technology sector and needs-responsive approach provided us with valuable speed and certainty to close.”

About XDimensional Technologies
XDimensional Technologies, Inc. (XDTI) develops and markets the Nexsure Insurance Platform, a single, comprehensive platform that supports all players in insurance distribution, including retail agencies, wholesalers, agency networks, program administrators, MGAs, and carriers. For more information, visit www.xdti.com.

About I-Engineering, Inc.
Since 1999, I-Engineering has led the industry in customized P&C solutions that simplify how MGAs, Wholesalers, Program Administrators, and Carriers do business. For more information, visit www.i-engineering.com.

About Serent Capital

Serent Capital invests in growing businesses with compelling solutions that exceed customer needs. As businesses grow and evolve, the opportunities and challenges they face change with them. The principals at Serent Capital have firsthand experience navigating growth through their experiences as CEOs, strategic advisors, and board members to successful businesses. Serent leverages their expertise and capital to help growing businesses thrive. For more information on Serent Capital, visit www.serentcapital.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 more than $9.3 billion in assets, and has invested over $11 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 Final Close of Sixth Flagship Credit Fund at $2 Billion

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West Palm Beach, Fla.  Comvest Partners (“Comvest”), an operationally focused middle-market private investment firm, today announced that Comvest Credit Partners, its direct lending platform, has completed the final close of its latest flagship fund, Comvest Credit Partners VI (“CCP VI”). CCP VI raised $2 billion in equity commitments, exceeding its initial target fund size of $1.7 billion, to provide financing to mid-sized North American businesses.

“We are delighted to mark the close of CCP VI with such strong support from new and existing investors,” said Robert O’Sullivan, Managing Partner and a co-founder of Comvest Credit Partners. “Comvest Credit Partners has been committed to providing flexible debt financing solutions that help drive meaningful growth of companies in our industries of expertise since 2006. We believe the strength of our fundraise during a challenging market environment is a testament to our veteran investment team and the platform’s long-term track record through various market cycles.”

“We believe our extensive originations network, highly experienced team, and ability to leverage the operating resources and sector expertise of the broader Comvest investment platform are differentiating capabilities that position Comvest Credit Partners as a strong and enduring source of non-bank private credit solutions,” Mr. O’Sullivan said.

CCP VI’s Limited Partner base includes public and private pension plans, asset management firms, insurance companies, foundations, and family offices. As with its predecessor funds, CCP VI provides primarily senior secured debt capital to middle market companies in support of growth, acquisitions, buyouts, refinancings, and recapitalizations, with transaction sizes of up to $250 million. CCP VI supports both private equity-sponsored and non-sponsored companies within targeted industries that include healthcare services, financial services and specialty finance, business and technology services, consumer and retail, and industrials.

Kirkland & Ellis LLP and Foley & Lardner LLP served as legal advisors to Comvest Credit Partners in the formation of CCP 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 more than $9.3 billion in assets, and has invested over $11 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 Hoist & Crane Service Group

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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 Sole Lender on a senior secured credit facility for Hoist & Crane Service Group, Inc. (“Hoist & Crane”), a Jefferson, La.-based provider of overhead crane inspection and repair services. The financing will be used to support Hoist & Crane’s partnership with Compass Group Equity Partners (“Compass Group”), a St. Louis-based growth partner. Comvest also made an equity co-investment in the business.

Hoist & Crane is a leading provider of overhead crane inspection, preventative maintenance, and repair services that enable customers to maximize safety, maintain compliance, reduce maintenance costs, and optimize equipment productivity. Hoist & Crane offers a full suite of service capabilities across cranes, hoists, industrial elevators, overhead doors, and dock levelers. The company operates in 15 states across the United States with plans to grow across the South, Midwest, and Pacific Northwest.

“Hoist & Crane is appreciative of Comvest’s speed, financing and support in our plans for growth and our new partnership with Compass Group,” said Hoist & Crane CEO Mathew Ross.

“Comvest was pleased to structure a tailored capital solution to support a strong industrial services company in a stable market sector,” said Joe Higginbotham, a Managing Director at Comvest. “We look forward to continuing our long relationship with Compass Group in support of Hoist & Crane’s continued growth.”

“Hoist & Crane is Compass Group’s seventh direct financing deal with Comvest,” said Patrick Murray, Vice President, at Compass Group. “We truly value Comvest’s approach in consistently facilitating an efficient and successful transaction process, which is why we selected them to help us partner with Hoist & Crane to bring the company’s amazing culture and customer focus to new markets.”

About Hoist & Crane Service Group

For more than 40 years, Hoist & Crane Service Group has been a leader in servicing overhead lifting equipment. Founded in 1976 by brothers Patrick and Terrance Ross, the company has grown to national coverage, employing hundreds of people and servicing thousands of pieces of equipment. For more information, please visit www.hoistcrane.com.

About Compass Group Equity Partners

Compass Group Equity Partners is a St. Louis-based private equity firm with a record of success in partnering with and building lower middle-market companies. Founded in 2015, Compass Group brings a thesis-driven approach and decades of operational, financial, and strategic expertise to aid management teams in accelerating growth for long-term value creation. For more information, please visit www.cgep.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. Credit facilities typically range from $25 million to $250 million-plus for companies with revenues greater than $20 million. 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 more than $9.3 billion in assets, and has invested over $11 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 Acquisition of Your Behavioral Health

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West Palm Beach, Fla.  Comvest Partners (“Comvest”), an operationally focused middle-market private investment firm, is pleased to announce the acquisition of Your Behavioral Health (the “Company”), a behavioral health services platform based in Torrance, Calif. Your Behavioral Health becomes the 13th healthcare services platform investment by Comvest’s private equity strategy.

Your Behavioral Health is a leading regional provider of mental health and addiction treatment services for adults and teens, with 17 facilities throughout Southern California. The Company provides the full spectrum of clinical inpatient, outpatient, interventional psychiatry, and residential care across its family of brands — which includes Clear Recovery Center, New Life House, and Neuro Wellness Spa — and delivers specialized programs for depression, anxiety, trauma-related issues, addiction and other mental health conditions. Co-founders Mike Joly, Chief Executive Officer, and Dr. Martha Koo, Chief Medical Director, will continue to lead the platform alongside the existing management team.

“Comvest is excited to partner with Your Behavioral Health, an established and long-tenured provider in the rapidly growing behavioral health sector,” said Roger Marrero, a Senior Partner at Comvest. “Mike Joly and Martha Koo are driving forces in innovative treatment modalities, clinical excellence and a holistic continuum-of-care approach in mental health and addiction recovery services. With mental health treatment needs at epidemic levels in the United States, Comvest is pleased to support Your Behavioral Health during its next stage of growth through investments in key technologies and additional outpatient and telehealth services.”

“Your Behavioral Health has achieved impressive growth by providing high quality clinical care through a patient-centric approach,” said Andrew Shear, a Principal at Comvest. “Comvest looks forward to working alongside the management team to expand the Company’s behavioral care network and add treatment locations in existing and new geographical markets.”

“We are thrilled to enter Your Behavioral Health’s next growth chapter with Comvest,” Mr. Joly said. “Comvest brings a demonstrated record of successful founder partnerships as well as meaningful capital and specialized investment and operational expertise from its work scaling other multi-site healthcare services providers.”

Added Dr. Koo: “The Comvest team shares our commitment to delivering best-in-class care for favorable and lasting clinical outcomes. In particular, we look forward to leveraging Comvest’s operational resources to aid strategic investment in Your Behavioral Health’s infrastructure, people and operational processes during a critical period of growth.”

Intrepid Investment Bankers LLC served as financial advisor to Your Behavioral Health in connection with the transaction. Raymond James and Brentwood Capital Advisors served as financial advisors and McDermott Will & Emery served as legal advisor to Comvest in connection with the transaction.

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 Recovery Center, New Life House, and Neuro Wellness Spa. 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 more than $9.3 billion in assets, and has invested over $11 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 Acquires Eland Engineering

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West Palm Beach, Fla. Comvest Partners (“Comvest”), an operationally focused middle-market private investment firm, is pleased to announce that its private equity platform investment GAI Consultants, Inc. (“GAI”), a preeminent planning, engineering, and environmental consulting firm with locations throughout the United States, has acquired Eland Engineering, LLC (“Eland”, or the “Company”), a Fort Lauderdale-based regional provider of engineering consulting and field maintenance services for Intelligent Transportation Systems (ITS) and traffic signal systems. With the transaction, Eland becomes a division of GAI.

Founded in 2009 by Bo Qian, Eland is a recognized leader in the Florida ITS market. Eland’s solutions span project design, implementation, operations, and maintenance. The Company’s expertise encompasses all areas of ITS, including fiber optic and wireless communication technologies, dynamic messaging systems, traffic signal control systems, vehicle detection systems, and connected autonomous vehicles systems.

“The acquisition of Eland brings unique ITS expertise and capabilities that further strengthen GAI’s distinguished position in the transportation engineering and consulting market,” said Kevin LaHatte, a Partner at Comvest. “State and municipal governments are increasing their infrastructure investments, which include building smart cities and improving traffic control and management technologies. Comvest looks forward to continuing to support GAI’s growth and investment in strategic acquisitions.”

“We are excited to welcome Bo and the entire Eland team to GAI. With veteran leadership, a terrific team, and complementary expertise in cutting-edge ITS solutions, Eland is an excellent fit for GAI,” said Gary DeJidas, GAI’s Chairman and CEO. “As GAI advances our nationwide presence and impact, we will continue to identify and invest in people and capabilities that are difference-makers for our clients.”

GAI – which serves local and global companies as well as large government agencies in the energy, transportation, development, government, and industrial sectors – has won more than 70 Engineering Excellence Awards. GAI also has been annually ranked by Engineering News-Record as one of the Top 200 Environmental Firms since 2008 and as one of the Top 500 Design Firms since 2006.

Cross Keys Capital served as financial advisor and Silverman Schermer served as legal advisor to Eland in connection with the transaction. Stifel served as financial advisor and Akerman LLP served as legal advisor to GAI and Comvest in connection with the transaction.

About Eland Engineering

Eland Engineering, LLC, A GAI Company specializes in providing engineering consulting and field maintenance services in the field of Intelligent Transportation Systems (ITS) and traffic signal systems. For more information, please visit www.elandeng.com

About GAI Consultants

Transforming ideas into reality® since 1958, GAI Consultants delivers award-winning engineering, planning, and environmental expertise to energy, transportation, development, government, and industrial 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 more than $9.3 billion in assets, and has invested over $11 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 J.Jill

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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 has provided financing as part of a $175 million secured credit facility to support the recapitalization of J.Jill, Inc. (NYSE: JILL) (“J.Jill), a Quincy, Mass.-based chain retailer of women’s apparel.

J.Jill’s versatile apparel, footwear and accessories are sold through its website and in nearly 250 retail store locations nationwide, targeting a consumer base of 45-to-65-year-old women.

“J.Jill is a long-established niche brand with strong performance, customer loyalty and company growth,” said Nick McClelland, a Managing Director and Co-Head of Consumer & Retail at Comvest. “This transaction highlights Comvest’s continued consumer focus in a dynamic macro environment and our ongoing support of market leaders under both public and private ownership. We are pleased to deliver a substantive credit facility that addresses J.Jill’s capital needs.”

About J.Jill, Inc.

J.Jill is a national lifestyle brand that provides apparel, footwear and accessories designed to help its customers move through a full life with ease. For more information, please visit www.jjill.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. Credit facilities typically range from $25 million to $250 million-plus for companies with revenues greater than $20 million. 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 more than $9.3 billion in assets, and has invested over $11 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 Duke’s Root Control Acquires Underground Infrastructure Services

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West Palm Beach, Fla.  Comvest Partners (“Comvest”), an operationally-focused middle-market private investment firm, is pleased to announce that Duke’s Root Control, Inc. (“Duke’s”), has acquired Underground Infrastructure Services (“UIS”), of Livonia, Mich. Duke’s, a national provider of wastewater and gas-focused inspection, diagnostics, and remediation services, is a platform investment in Comvest’s private equity portfolio.

UIS provides inspection and replacement services for underground utilities in the water, gas, cable, and electrical markets. With a dedicated fleet, expert operating technicians and state-of-the-art hydro excavation and drilling equipment, UIS has also built a specialty in the inspection and remediation of lead service lines through its ability to excavate in tight, sensitive areas using non-mechanical and non-destructive drilling methods.

UIS is Duke’s fifth acquisition in the last five years and takes the municipal wastewater management services leader into attractive adjacent markets such as clean drinking water delivery, an area of increased federal and state focus as a result of the Bipartisan Infrastructure Law of 2021.

“With up to 10 million American households receiving their water through lead service lines, replacement projects are a top priority for many municipalities. Comvest is excited to support Duke’s as it continues to expand its service offering and positive community impact,” said Matt Kunz, a Principal at Comvest.

“Duke’s is proud to deepen our presence in an attractive geographic area with unique capabilities and a broader toolbox of environmentally-friendly services,” said Matt Fishbune, CEO and President of Duke’s. “Duke’s is committed to being the leading partner to our customers for all their critical underground infrastructure service needs.”

About Duke’s Root Control

Duke’s is a nationwide service provider that has been solving sewer system challenges for over 80 years. As the leader in chemical root control, Duke’s has treated over 400 million feet of sewer lines, with an experienced team of employees and over 1,500 active municipal and utility customers. In recent years, Duke’s has expanded its offering to include critical inspection and assessment services for underground infrastructure. Headquartered in Elgin, IL, Duke’s maintains service locations and capabilities across the country. For more information, please visit www.dukes.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 more than $9.3 billion in assets and has invested over $11 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 Second Upsize to Above Lending; Senior Credit Facility Now $220 Million

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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 Sole Lender on a $220 million senior secured credit facility (the “Financing”) to Above Lending (the “Company”), a Houston-based national provider of consumer loans that has been part of Comvest’s Direct Lending portfolio since 2021. The Financing, Comvest’s second upsize, will be used toward Above Lending’s ongoing operations and continued growth.

Above Lending focuses on debt settlement and debt consolidation programs that help individuals successfully pay off debt. Comvest followed its initial $50 million investment in the Company in 2021 with a $75 million upsize in 2022 and the recent $95 million additional follow-on commitment.

“Above Lending is a strong performer within the specialty finance sector,” said Tim Kim, a Managing Director of Comvest and head of the Specialty Finance group. “Comvest continues to actively invest in well-positioned specialty finance companies and remains committed to providing meaningful add-on capital that supports the strategic growth objectives of our investments.”

About Above Lending

Above Lending is a consumer lending company that provides debt consolidation loan programs to eligible consumers. For more information, visit www.abovelending.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. Credit facilities typically range from $25 million to $250 million-plus for companies with revenues greater than $20 million. 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 more than $8.9 billion in assets, and has invested over $9.9 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.