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 $153 million senior secured credit facility (the “Financing”) for Oak Dental Partners (“Oak Dental”, or the “Company”), an Atlanta-based dental service organization (DSO). The Financing will be used to refinance the Company’s existing debt and support near-term acquisitions. Comvest also made an equity co-investment in the business.

Founded in 2015, Oak Dental focuses on the acquisition and development of pediatric, family dental, and orthodontic practices located primarily in the Southeast. Oak Dental currently partners with 55 affiliated practices across nine states, providing a full suite of non-clinical business support services. Acquired practices retain their names and branding.

“Comvest continues to be an active and committed credit investor in proven, fast-growing healthcare companies,” said Dan Lee, a Partner at Comvest. “We are pleased to provide Oak Dental with a tailored financing solution that addresses the Company’s current needs and provides capital for its future growth initiatives.”

“Oak Dental has more than doubled our affiliated practices in the last two years,” said Lee Provow, CEO of Oak Dental. “Comvest brings extensive healthcare investment experience in multi-site providers and understands the complexities of the DSO model. As a result, Comvest delivered a responsive and significant financing solution that sets the stage for Oak Dental to continue our accelerated pace of acquisitions and investment in our affiliated practices.”

About Oak Dental Partners

Oak Dental Partners is an Atlanta-based Dental Support Organization (“DSO”) with affiliated dental and orthodontic practices across a growing list of states, including AL, GA, FL, TX, MS, SC, NC, VA and PA. For more information, please visit www.oakdentalpartners.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.

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 $185 million senior secured credit facility (the “Financing”) for Firebirds Wood Fired Grill (“Firebirds”, or the “Company”), a Charlotte-based restaurant chain operator. The Financing will support the acquisition of the Company by private equity firm Garnett Station Partners and fund ongoing business growth.

Founded in 2000, Firebirds is a leading polished-casual dining chain with 56 locations across 20 states nationwide. Inspired by the tradition of live fire cooking in the West, Firebirds features steaks, seafood and cocktails in an upscale fire-centric lodge-like setting. Firebirds was named the 2022 Diners’ Choice Winner awarded by OpenTable.

“Firebirds is an established, high-performing and fast-growing brand in the casual dining sector,” said Dan Lee, a Partner at Comvest. “As a committed and active credit investor in leading niche restaurant concepts, Comvest was pleased to deliver a sizable financing solution in support of Firebird’s continued expansion.”

“We look forward to working again with Garnett Station Partners, an experienced, restaurant-focused private equity sponsor with a demonstrated record in the restaurant space,” said Nick McClelland, a Managing Director at Comvest.

“Firebirds is one of several successful restaurant transactions that Garnett Station Partners has closed with Comvest in the past few years,” said Howard Norowitz, Partner, at Garnett Station Partners. “Our partnership with Comvest stems from their deep sector knowledge and their ability to deliver responsive direct financing solutions under tight timelines and with the certainty of closure.”

About Firebirds Wood Fired Grill

Firebirds Wood Fired Grill, a polished casual American restaurant, is an energetic twist on the traditional grill featuring a boldly flavored menu in a stylish, fire-centric atmosphere. For more information, please visit: www.firebirdsinternational.com.

About Garnett Station Partners

Garnett Station Partners is a principal investment firm founded in 2013 by Matt Perelman and Alex Sloane that manages ~$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. 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. 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.

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 on an $87.5 million senior secured credit facility (the “Financing”) for EPS School Specialty (“EPS,” or the “Company”), a national provider of literary education curriculum. The Financing was used to refinance existing debt and fund the acquisition of the Company from School Specialty, LLC, a provider of school educational products and services, by private equity firm Excolere Equity Partners. Comvest also made an equity co-investment in the business.

EPS is a leading developer of curriculum products and services that enhance literacy and math skills for K-12^th grade students, particularly those who are two-plus years behind grade level. The Company partners with school districts nationwide to provide supplemental literacy education programs for students. Its literacy curriculum includes teacher materials, student workbooks, in-class reading and learning exercises, and other literacy activities and assessments.

“EPS’s literacy curriculum solutions provide schools nationwide a key tool to help address systemic student achievement gaps in reading and math,” said Brian Cercek, a Managing Director at Comvest. “This transaction showcases Comvest’s ability to underwrite corporate carve-outs and structure tailored, need-responsive financing solutions.”

“Comvest is pleased to support Excolere Equity Partners, which brings deep experience in the education sector, in EPS’s next chapter as a standalone company,” said Joe Higginbotham, a Managing Director at Comvest.

About EPS School Specialty

EPS School Specialty is a leading PreK–12 curriculum company providing supplemental ELA and math solutions that promote achievement and equitable education for all students. EPS School Specialty provides solutions combining research-based curriculum and customized professional learning to help move students toward growth, mastery, and success. For more information, visit https://eps.schoolspecialty.com.

About Excolere Equity Partners, LLC

Excolere Equity Partners is a middle market private equity firm specializing in investments in the the Education and Human Capital Management sector. Grounded in an understanding of the fundamental role that those sectors play in driving economic and societal progress, Excolere leverages its deep sector experience and strategic and operational expertise to accelerate the growth and enhance the impact of the companies in which it invests. For more information, please visit www.excolerepartners.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.

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 Joint Lead Arranger on a senior secured credit facility (the “Financing”) for Cardiovascular Logistics (the “Company”), a new national cardiovascular services platform. The Financing supported the formation of the Company by private equity firm Lee Equity Partners through the acquisition of Cardiovascular Institute of the South (“CIS”), one of the country’s largest independent cardiovascular practices. The Financing will also support the platform’s organic and inorganic growth.

Founded in 1983, CIS operates 21 locations in Louisiana and Mississippi and has a global reputation for clinical excellence and innovation. CIS offers a comprehensive heart and vascular program across numerous specialties, including internal medicine, nuclear cardiology, electrophysiology, coronary artery disease, peripheral vascular disease, and interventional procedures.

“Cardiovascular Logistics is an attractive physician practice management platform benefitting from favorable industry and demand dynamics as well as CIS’s history of clinical excellence. Comvest is excited to support Lee Equity Partners’ objective of growing the platform into the nation’s leading outpatient cardiovascular provider,” said Bryce Peterson, a Managing Director at Comvest and Co-Head of the Healthcare group. “Comvest leveraged our deep firm expertise investing in other leading physician practice management platforms in adjacent healthcare specialties. We structured a significant and highly flexible financing solution to support Lee Equity Partners’ initial acquisition and provide committed ongoing capital to support the Company in building a network of cardiology practices.”

“Comvest is excited to work with Lee Equity Partners on another meaningful transaction involving a leading multi-site healthcare provider,” said Tom Goila, a Partner of Comvest and Co-Head of the Healthcare group. “We look forward to further building our relationship with the Lee Equity Partners team and to supporting Cardiovascular Logistics as the Company continues to scale its footprint, practices, care teams, and technologies.”

About Cardiovascular Logistics

Cardiovascular Logistics is the most comprehensive cardiovascular platform in the country, providing the logistics to integrate the nation’s best cardiology practices into one robust cardiovascular solution. For more information, visit www.cardiovascularlogistics.com.

About Cardiovascular Institute of the South
Founded by Dr. Craig Walker in 1983, Cardiovascular Institute of the South is a world-leader in preventing, detecting and treating cardiovascular and peripheral vascular disease and remains at the forefront of technology, providing the highest-quality, compassionate care. For more information, visit www.cardio.com.

About Lee Equity Partners

Lee Equity Partners 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. For more information, visit www.leeequity.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.

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 on a $30 million senior secured credit facility (the “Financing”) to The JG Wentworth Company, LLC (“JG Wentworth,” or the “Company”), a leading provider of consumer financial services. The Financing was used to fund a strategic acquisition by the Company and provide capital for further business growth.

Founded in 1991, JG Wentworth offers a line of tailored consumer financial solutions. In addition to leading the structured settlement payment purchasing industry, JG Wentworth has successfully expanded into personalized debt resolution programs and will soon launch into consumer financing services through its online lending platform.

“JG Wentworth is a market leader with a strong reputation for providing financial solutions that help consumers with a variety of personal finance needs,” said Jason Gelberd, a Partner of Comvest and Co-Head of Direct Lending. “Comvest was pleased to draw on our significant expertise in the specialty finance sector to structure a thoughtful and unique facility tailored to JG Wentworth’s growth objectives.”

“As a credit provider able to provide substantial additional capital to our fast-growing platforms, we look forward to continuing to build our relationship with JG Wentworth and to further supporting the Company in the expansion of its core lines of business,” said Tom Goila, a Partner of Comvest.

About JG Wentworth

JG Wentworth is a consumer financial services company powered by more than 550 employees across the country who are committed to delivering personalized financial solutions that meet the needs of everyday Americas. Current product offerings include structured settlement payment purchasing, annuity payment purchasing, lottery and casino payment purchasing, and debt resolution services. For more information, please visit: https://www.jgwentworth.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, second lien, and mezzanine capital to sponsored and non-sponsored companies in support of growth, acquisitions, buyouts, refinancings, and recapitalizations. Credit facilities typically range from $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 $9.2 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 Charles Asfour has joined the Firm as a Partner. Mr. Asfour assumes a key leadership role within the Comvest Special Opportunities investment platform, where he serves on the strategy’s investment committee and is responsible for originating, structuring, and managing special opportunities investments. He is based in Comvest’s Chicago office.

Mr. Asfour joins Comvest with more than 15 years of experience originating, executing, and managing special situation-oriented structured capital investments. Prior to joining Comvest, Mr. Asfour founded Aves Capital Management, L.P., a Chicago-based manager of special situation oriented structured capital investments and funds. Before founding Aves, Mr. Asfour spent nearly a decade at Victory Park Capital Advisors, LLC, where he was a partner, an investment committee member and most recently led the firm’s special opportunities strategy and team. Prior to Victory Park, Mr. Asfour held several other positions within the private equity and investment banking industries, including with Code Hennessy & Simmons, LLC, and JPMorgan Securities, Inc.

“We are very excited to welcome Charlie to Comvest,” said Greg Reynolds, Partner and Co-Head of Direct Lending of Comvest Credit Partners, Comvest’s direct lending investment platform. “Charlie brings a proven track record and deep experience executing and managing special opportunities investments in high-quality middle-market companies in the industry sectors Comvest targets. With his skill set, knowledge, and industry relationships, he is a great complement to our Comvest Special Opportunities team as we continue to expand our reach providing flexible capital solutions to companies with unique operational or growth needs.”

Mr. Asfour said, “I am thrilled to embark on my partnership with Comvest. I am very impressed by Comvest’s breadth of operational resources and decades-long success structuring complex, non-control transactions. I also share the Firm’s approach of utilizing creativity to deliver targeted and highly flexible financing solutions to middle-market companies. I look forward to leveraging my skill set and expertise to help Comvest further capitalize on an attractive and growing special situations market opportunity.”

Comvest Special Opportunities, Comvest’s structured capital investment platform, focuses on providing hybrid structured debt and/or non-control equity capital solutions to sponsored and non-sponsored middle-market companies.

The strategy targets North American companies with enterprise values of more than $50 million in Comvest’s core industries, which include business and technology services, consumer and e-commerce, financial services and specialty finance, healthcare, industrial services, and transportation and logistics. Investments are tailored to meet companies’ strategic objectives and can involve hybrid capital structures that include senior and junior debt, structured equity, and bridge capital.

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 $8.9 billion in assets, and has invested over $9.2 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 Duke’s Root Control, Inc. (“Duke’s” or the “Company”) has acquired Pipetek Infrastructure Services (“Pipetek”). Duke’s, a leading national provider of wastewater-focused inspection, diagnostics, and remediation services for municipal customers, is a platform company in Comvest’s private equity portfolio.

Pipetek marks Duke’s fourth acquisition in the last five years. Pipetek provides evaluation services to sewer and gas markets throughout the Midwest, specializing in pipeline inspection, assessment, maintenance, and repair services. Pipetek will operate as a subsidiary of Duke’s from its headquarters in Plymouth, Mich.

“Duke’s is a longtime market leader with a strong reputation and track record of growth through acquisition,” said Lee Bryan, a Senior Partner at Comvest. “Pipetek’s complementary capabilities and service expertise strengthen Duke’s position as a leading provider of sanitary sewer evaluation services, which are critical in helping to extend the life of crucial infrastructure assets.”

Duke’s is already the market leader in chemical root control application, with a 40-year history of partnering with municipalities to provide effective, environmentally safe services that prevent sewer blockages from tree root intrusions. The Company serves cities across the United States through a network of expert technician crews supported by a dedicated fleet of specialized equipment.

“Pipetek adds to Duke’s toolbox of solutions and brings a great team of employees with deep expertise in servicing a diverse customer base,” said Matt Fishbune, CEO and President of Duke’s. “This acquisition enables Duke’s to enter the growing gas and water utility markets while further expanding our presence into an attractive geography.”

“We are excited about the additional capabilities Pipetek brings to Duke’s,” added Matt Kunz, a Principal at Comvest. “Comvest looks forward to further supporting Duke’s growth as the Company continues to expand its service offering and geographic reach.”

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 Pipetek Infrastructure Services

Founded in 2016 and based in Michigan, Pipetek Infrastructure Services is a leading sewer, utility, and underground infrastructure service provider that is focused on the Midwest. Pipetek has rapidly grown to become one of the largest service providers in the region, with four locations and serving a variety of municipal, utility, and commercial customers. For more information, please visit www.pipetekservices.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 $8.9 billion in assets, and has invested over $9.2 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 the acquisition of Flash Global (or “the Company”), a Parsippany, N.J.-based global provider of service supply chain solutions. Flash Global becomes a new platform investment in Comvest’s private equity portfolio.

Founded in 1983, Flash Global provides service supply chain solutions to high technology companies across diverse end markets. The Company’s offering encompasses global trade services, state-of-the-art customer support technology, and warehousing and distribution services for mission-critical equipment and parts. Flash Global’s customers include Fortune 500 companies as well as leading and emerging technology brands. The Company’s worldwide reach spans more than 140 countries. With over 700 warehouses and forward stocking locations, Flash Global is strategically located to support its customers’ growth and expansion.

“Flash Global is a world-class provider of service logistics solutions. Comvest is excited to partner with a strong leadership team and invest in the Company’s next phase of growth,” said Maneesh Chawla, a Senior Partner at Comvest. “Flash Global’s deep customer relationships, global footprint, and extensive experience in global trade compliance set the stage for the Company’s continued momentum in the growing outsourced supply chain sector.”

“This is an exciting milestone for Flash Global,” said Sam Mikles, President and CEO of Flash Global, who will continue to lead the Company alongside the existing management team. “Comvest brings deep sector experience as well as meaningful operating and investment resources to support our vision for the strategic growth of Flash Global. We will continue to be a trusted partner to our customers, provide creative and innovative solutions, and create additional value-added services to support the needs of the market and our customers.”

G2 Capital Advisors acted as financial advisor and Moore & Van Allen served as legal advisor to Flash Global in connection with the transaction. Akerman LLP served as legal advisor and Configure Partners served as exclusive debt placement agent to Comvest.

About Flash Global

Headquartered in New Jersey, Flash Global designs and implements end-to-end service supply chain strategies for rapidly expanding companies, including many of the world’s top high-tech companies. Flash Global creates global solutions that are locally fueled, enabling companies to efficiently scale in countries all around the world. Companies leverage in-region and in-country expertise throughout Flash Global’s worldwide infrastructure of distribution centers, a global command center, and forward stocking locations to seamlessly move products across international borders and serve their customer base.​ To learn more about Flash Global, visit http://www.flashglobal.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 $8.9 billion in assets, and has invested over $9.2 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 the acquisition of Duke’s Root Control, Inc. (“Duke’s”, or “the Company”). Duke’s, based in Elgin, Ill., provides wastewater-focused inspection, diagnostics, and remediation services to municipal customers. With the transaction, a carve-out from Douglas Products and Packaging Company, LLC, in partnership with management, Duke’s becomes the second infrastructure services platform to join Comvest’s private equity portfolio this year.

Founded in 1948, Duke’s is a leading national provider of environmental services for the critical needs of municipal sewer systems. The Company is the market leader in chemical root control application, with a 40-year history of partnering with municipalities to provide effective, environmentally-safe services that prevent sewer blockages from tree root intrusions. Duke’s is also a leading provider of sanitary sewer evaluation services that help extend the life of critical sewer infrastructure assets. The Company serves cities across the United States through a network of expert technician crews supported by a dedicated fleet of specialized equipment.

“Duke’s is a longtime market leader whose wastewater services are essential to successful municipal operations and community safety and well-being,” said Lee Bryan, a Senior Partner at Comvest. “Comvest looks forward to our partnership with CEO Matt Fishbune and the management team. We are excited to support the Company’s growth and continue its legacy of executing strategic add-on acquisitions that have been critical to its expansion.”

“As a result of the nation’s aging sewer infrastructure, we believe municipalities will continue to partner with outsourced service providers for their wastewater system maintenance and rehabilitation needs. We think Duke’s, with its broad service offering, is well-positioned to continue to capitalize on this trend,” said Matt Kunz, a Principal at Comvest.

“We are thrilled to partner with Comvest as we begin our new chapter as an independent company,” said Mr. Fishbune. “Duke’s mission is to help cities nationwide extend the lives of their sewer systems by offering the most unique combination of solutions available in the marketplace. Comvest brings deep experience in infrastructure services along with capital and operational resources that will help us accelerate our investments in technology and complementary acquisitions.”

Raymond James acted as financial advisor and Akerman LLP served as legal advisor to Comvest.

Comvest is an experienced middle-market private equity investor in infrastructure and industrial services companies. GAI Consultants Inc., a preeminent engineering, planning and environmental consulting services firm, is Comvest’s other infrastructure services platform investment completed in 2022.

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 $8.9 billion in assets, and has invested over $9.2 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 Joint Lead Arranger on a senior secured credit facility (the “Financing”) for Bradford Health Services (“Bradford,” or the “Company”), a Birmingham, Ala.-based provider of behavioral health services. The Financing was used to fund the acquisition of the Company by private equity firm Lee Equity Partners and support the future growth needs of the business.

Founded in 1977, Bradford is a leading regional provider of substance abuse treatment services for adults and young adults, with 40 facilities across five Southeastern states. Bradford offers a variety of specialized addiction rehabilitation programs that span the full continuum of care, including crisis intervention, residential treatment, transitional living, partial hospitalization, and intensive outpatient treatment.

“As an active and experienced credit investor in the behavioral health space, Comvest is pleased to underwrite another meaningful facility for a leading company in that market,” said Bryce Peterson, a Managing Director at Comvest and Co-Head of the Healthcare group. “Bradford is a long-tenured regional market leader that has developed a strong and scalable treatment model through its subject matter expertise, network of residential centers and outpatient facilities, and specialized rehabilitation treatment services.”

“We look forward to working with Lee Equity Partners, an experienced sponsor in the behavioral health sector, and continuing to build our relationship with the team in support of Bradford’s continued growth,” said Tom Goila, a Partner at Comvest and Co-Head of the Healthcare group.

About Bradford Health Services
Bradford Health Services is one of the largest and longest-tenured providers of substance abuse treatment and recovery services in the Southeast. For more information, please visit www.bradfordhealth.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 in a range of industries where the team has deep relationships developed over decades, including business services, financial services, and healthcare services. For more information, please visit www.leeequity.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, second lien, and mezzanine capital to sponsored and non-sponsored companies in support of growth, acquisitions, buyouts, refinancings, and recapitalizations. Credit facilities typically range from $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 $9.2 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.