West Palm Beach, Fla. – Comvest Partners (“Comvest”), a middle-market private investment firm, today announced the completion of its previously announced sale of Systems Control, a leading manufacturer of end-to-end substation control solutions, to Hubbell Incorporated (NYSE: HUBB).

Systems Control provides highly engineered substation control and relay panels, customized turnkey substation control building solutions, and engineering services to utilities in the electric transmission and distribution industry. Its products protect and control substation infrastructure while detecting faults and controlling the flow of electricity.

Since Comvest’s 2018 acquisition of the company by the firm’s private equity strategy, Systems Control has expanded its state-of-the art manufacturing facility, developed multi-site production capabilities, and made substantial investments in information technology systems, human capital development, and sales and marketing.

“Comvest invested in Systems Control in partnership with management with a shared vision of scaling the company as a best-in-class turnkey provider of end-to-end substation control solutions. We are proud of the great relationship we built with the Systems Control team and the successes we achieved together,” said Kenny Nickens, a Vice President at Comvest.

“This successful outcome highlights Comvest’s expertise in helping companies achieve their growth objectives as well as our investment leadership in the infrastructure services space. We are excited for Systems Control’s future as part of Hubbell,” added Maneesh Chawla, a Managing Partner at Comvest.

Brad Lebouef, Chief Executive Officer at Systems Control, said, “Comvest supported Systems Control’s vision for growth throughout our partnership, providing both capital and invaluable support key to the achievement of our desired growth milestones. We are appreciative of Comvest’s stewardship and look forward to our next chapter with the terrific team at Hubbell.”

Harris Williams LLC and Lincoln International LLC served as financial advisors to Systems Control, and McDermott Will & Emery LLP served as legal advisor. Morgan Stanley & Co. LLC served as financial advisor to Hubbell, and Wachtell, Lipton, Rosen & Katz served as legal advisor.

About Systems Control

Systems Control specializes in engineering and manufacturing of equipment enclosures and control and relay panels used in electrical transmission and distribution substations across North America. The Company’s manufacturing operations are located in Iron Mountain, Michigan. For more information, please visit www.systemscontrol.com.

About Hubbell

Hubbell Incorporated is a leading manufacturer of utility and electrical solutions enabling customers to operate critical infrastructure safely, reliably and efficiently. With 2022 revenues of $4.9 billion, Hubbell solutions electrify economies and energize communities. The corporate headquarters is located in Shelton, Conn. For more information, please visit www.hubbell.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 $9.9 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 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 $115 million senior secured credit facility (the “Financing”) for Pollo Tropical (the “Company”), a Miami-based fast-casual restaurant chain. The Financing supported the take-private acquisition of Fiesta Restaurant Group, Inc. (NASDAQ: FRGI), the publicly traded parent company of Pollo Tropical, by Authentic Restaurant Brands, a portfolio company of Garnett Station Partners (“Garnett Station”). The financing also provides committed capital to support the ongoing operations of the business.

Founded in 1988, Pollo Tropical is a Latin-Caribbean-style restaurant operator with a focus on citrus-marinated grilled chicken. The Company operates more than 130 locations throughout Florida and franchises over 20 units internationally in Puerto Rico, Central America, South America and the Bahamas. Pollo Tropical serves chickens that are never frozen and free of hormones and trans-fats. Its menu features freshly made food ranging from grilled chicken to slow-roasted mojo pork.

“As an active and experienced investor in well-positioned quick-service restaurant concepts, Comvest Credit Partners is pleased to support the continued development of Pollo Tropical,” said Dan Lee, a Partner and Co-Head of Consumer & Retail at Comvest. “Pollo Tropical is a well-performing and differentiated brand with a strong local presence in its served markets.”

“Pollo Tropical marks our sixth successful transaction alongside Garnett Station, a sponsor with significant investment and operating expertise in the restaurant space,” said Nick McClelland, a Managing Director and Co-Head of Consumer & Retail at Comvest. “We look forward to continuing to build our relationship with the team in support of Pollo Tropical’s growth.”

Howard Norowitz, Partner and Head of Debt Capital Markets at Garnett Station, added, “Over the years, Comvest has been a reliable financing partner in support of other distinctive franchise concepts across our investment portfolio. This transaction required a committed, single-source financing solution on an accelerated timeline. Comvest again delivered, providing a tailored loan package that addressed our investment needs.”

About Fiesta Restaurant Group, Inc.

Fiesta Restaurant Group, Inc., owns, operates and franchises for the Pollo Tropical restaurant brand. The brand specializes in the operation of fast casual/quick service restaurants that offer distinct and unique flavors with broad appeal at a compelling value. The brands feature fresh-made cooking, drive-thru service, and catering. For more information, please visit www.frgi.com.

About Garnett Station Partners

Garnett Station Partners is a principal investment firm founded in 2013 by Matt Perelman and Alex Sloane that manages over $2 billion of assets. Garnett Station partners with experienced and entrepreneurial management teams and strategic investors to build value for its portfolio of growth platforms. The firm draws on its global relationships, operational experience and rigorous diligence process to source, underwrite and manage investments. Core sectors include consumer and business services, health & wellness, automotive, and food & beverage. Garnett Station’s culture is based on the principles of entrepreneurship, collaboration, analytical rigor and accountability. For more information, please visit www.garnettstation.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 $9.5 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 www.comvest.com.

West Palm Beach, Fla. – Comvest Partners (“Comvest”), a middle-market private investment firm, is pleased to announce the execution of a definitive agreement to sell Systems Control (the “Company”) to Hubbell Incorporated (NYSE: HUBB), a leading manufacturer of utility and electrical solutions. Systems Control has been a portfolio company in Comvest’s private equity strategy since 2018. The transaction is expected to close by the end of the year.

Founded in 1962 and headquartered in Iron Mountain, Mich., Systems Control is a leading manufacturer of substation control and relay panels as well as turnkey substation control building solutions for the electric transmission and distribution industry. The Company’s highly engineered offerings are mission-critical to grid reliability, enabling utility customers to protect and control substation infrastructure while detecting faults and controlling the flow of electricity.

“Comvest invested in Systems Control in partnership with management with a shared vision of scaling the Company as a best-in-class turnkey provider of end-to-end substation control solutions. We are proud of the great relationship we built with the Systems Control team and the successes we achieved together,” said Kenny Nickens, a Vice President at Comvest.

“This successful outcome highlights Comvest’s expertise in helping companies achieve their growth objectives as well as our investment leadership in the infrastructure services space. We are excited for the Company’s future as part of Hubbell,” added Maneesh Chawla, a Managing Partner at Comvest.

Brad Lebouef, Chief Executive Officer at Systems Control, said, “Comvest supported Systems Control’s vision for growth throughout our partnership, providing both capital and invaluable support key to the achievement of our desired growth milestones. We are appreciative of Comvest’s stewardship and look forward to our next chapter with the terrific team at Hubbell.”

Harris Williams LLC and Lincoln International LLC are serving as financial advisors to Systems Control, and McDermott Will & Emery LLP is serving as legal advisor. Morgan Stanley & Co. LLC is serving as financial advisor to Hubbell, and Wachtell, Lipton, Rosen & Katz is serving as legal advisor.

About Systems Control

Systems Control specializes in engineering and manufacturing of equipment enclosures and control and relay panels used in electrical transmission and distribution substations across North America. The Company’s manufacturing operations are located in Iron Mountain, Michigan.  For more information, please visit www.systemscontrol.com.

About Hubbell

Hubbell Incorporated is a leading manufacturer of utility and electrical solutions enabling customers to operate critical infrastructure safely, reliably and efficiently. With 2022 revenues of $4.9 billion, Hubbell solutions electrify economies and energize communities. The corporate headquarters is located in Shelton, Conn. For more information, please visit www.hubbell.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 $9.5 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 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 HighFive Healthcare (“HighFive”, or the “Company”), a Birmingham, Ala.-based specialty dental service organization (“DSO”). The Financing will be used to refinance the Company’s existing debt and support near-term acquisitions. It follows a recent $100 million growth investment led by Norwest.

Founded in 2018, HighFive focuses on the acquisition and development of endodontic and oral surgery practices in the southeastern United States. HighFive has quickly become one of the leading multi-specialty group practices that is majority doctor-owned, allowing the health practitioners to maintain clinical autonomy in their practices.

“We are pleased to provide a tailored credit financing solution to support the growth of HighFive, a differentiated and well-positioned healthcare services brand,” said Tom Goila, a Partner and Co-Head of Healthcare at Comvest. “We are impressed by the strength of the HighFive platform, physicians, and management. Comvest looks forward to continuing to build our relationship with Norwest and the HighFive team.”

“Comvest brought deep institutional healthcare investment expertise to this transaction, including relevant experience in the very complex dental subsector, as well as underwriting speed and the capacity to provide additional debt capital to support HighFive’s rapid pace of acquisitive growth. These were all important factors in our choice of financing provider as HighFive builds a best-in-class specialty dental platform,” said Chad Trull, CEO and founder of HighFive.

“We are excited to partner with the Comvest team as HighFive continues to grow as a leading healthcare platform committed to expanding access to the highest quality dental care,” said Dr. Ryan Harris, General Partner at Norwest.

About HighFive Healthcare

HighFive is an elite group of oral surgeons and endodontists and is majority doctor owned. The collaboration between the best surgeons, doctors and management team members elevates private practice with scale and optimization and maximizes the success of partnership. For more information, please visit www.high5health.com.

About Norwest

Norwest is a leading venture and growth equity investment firm managing more than $12.5 billion in capital. Since its inception, Norwest has invested in more than 650 companies and currently partners with more than 200 companies in its venture and growth equity portfolio. The firm invests in early to late-stage businesses across a wide range of sectors with a focus on consumer, enterprise, and healthcare. The Norwest team offers a deep network of connections, operating experience, and a wide range of impactful services to help CEOs and founders scale their businesses. Norwest has offices in Menlo Park and San Francisco, with subsidiaries in India and Israel. For more information, please visit www.nvp.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 $9.5 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 www.comvest.com.

West Palm Beach, Fla. – Comvest Partners (“Comvest”), an operationally-focused middle-market private investment firm, today announced that private credit investment veteran Lee Landrum has joined the firm as a Partner and Head of Investor Relations.

Mr. Landrum will manage Comvest’s relationships with investors globally across the firm’s private equity, direct lending, and special opportunities investment strategies, and will serve as a voting member on the investment committees for Comvest’s direct lending and special opportunities funds. He is based in Comvest’s West Palm Beach office.

“We are thrilled to welcome Lee to Comvest’s leadership team,” said Michael Falk, Comvest’s founder and Chief Executive Officer. “Lee is an outstanding leader with extensive alternative investment experience and a background that spans the capital structure. We look forward to Lee’s leadership as Comvest continues to expand its investment capabilities and solutions for a broad base of global investors.”

“Lee’s specific experience in the private credit markets, collaborative leadership style and proven track record with institutional investors are a perfect complement for Comvest at an exciting stage of our firm’s growth,” added Robert O’Sullivan, Managing Partner and co-founder of Comvest Credit Partners, Comvest’s direct lending investment platform.

Mr. Landrum brings approximately 30 years of experience working with middle-market companies from an early career in investment banking and more than two decades in alternative investments at some of the world’s preeminent global asset management firms. He joins Comvest from Tennenbaum Capital Partners’ successor organization (BlackRock), where he most recently was a Managing Director on the U.S. Private Credit Team of BlackRock Financial Management, Inc. Before that, Mr. Landrum was a Managing Partner of Tennenbaum Capital Partners, where he also led the Global Investor Relations function. Previously, he held senior positions at The Carlyle Group and Babson Capital Management (now Barings). Mr. Landrum began his career at First Union (now Wells Fargo). He received an M.B.A. from Vanderbilt University and a B.A. from the University of Georgia.

“I am excited to join Comvest’s talented team and advance the Firm’s commitment to providing differentiated investment solutions that help clients achieve their investment objectives,” said Mr. Landrum. “Comvest has supported the capital needs of North American middle-market companies for nearly 25 years, posting an impressive long-term track record of growth and performance through various market cycles. With its multi-strategy investment approach, depth of investment experience across a range of industries and multifaceted operating resources, I believe Comvest is well-positioned to leverage the many private equity and credit investment opportunities that lie ahead.”

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 $9.5 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 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 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.

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.

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.

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.

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.