West Palm Beach, Florida, August, 2013 – Comvest Partners, through its lending platform, Comvest Capital, has provided a $20,000,000 Credit Facility to Chrome Capital, LLC. Based in Naples, Florida, Chrome Capital is the nation’s premier Harley Davidson motorcycle leasing company. The credit facility will be deployed in support of Chrome Capital’s TestRide® lease program.
“We are excited about our partnership with Comvest” said Peter Wasmer, CEO of Chrome Capital. “With the initial $20 million from Comvest, we are well positioned to fund Chrome’s projected growth.”
“Chrome Capital’s management team has created a unique offering that has been widely accepted by the dealer community and riders around the country in a short period of time. Their proprietary systems support its expansion and give it scalable trajectory.” said Jason Gelberd, Managing Director, Comvest Partners.
About Chrome Capital:
Founded in 2011 and headquartered in Naples, Florida, Chrome Capital is the nation’s premier Harley Davidson motorcycle leasing company. For more information about Chrome Capital, please visit www.chromecapital.com.
Comvest Partners, with $1.1 billion of assets under management, provides flexible financing solutions to lower middle-market companies through its equity and debt funds, often meeting time-critical and complex funding requirements. Our firm includes seasoned, senior level operating executives who partner with managers and owners of companies to operationally improve businesses and create long-term value. Since 2000, Comvest has invested more than $1.7 billion of capital in over 115 public and private companies. For more information about Comvest, please visit www.comvest.com.