West Palm Beach, FL, January 2014 – Comvest Partners is pleased to announce that Comvest Investment Partners IV (“Comvest”) has completed the acquisition of Robbins Brothers (the “Company”), a Los Angeles-based specialty jewelry store chain focused on engagement rings.
Robbins Brothers started as a family-run business in Seattle in the 1920s and currently operates 14 store locations throughout Southern California, Texas and Washington. With a focus on service, selection and quality, Robbins Brothers has become a leader in the engagement ring industry.
“We are extremely excited about our investment in Robbins Brothers,” said Tom Clark, Managing Director at Comvest Partners. “Robbins Brothers has built a great brand, has an incredibly strong team of people and is a truly differentiated concept. We look forward to working with management to build on the company’s success.”
“I am delighted to have Comvest as our new investors. They further solidify our growth plans by bringing not just capital, but a level of commitment, retail expertise and growth experience that will help us to continue building a great company and expand our ability to deliver unparalleled experiences for bridal and engagement ring customers,” said Andy Heyneman, President and CEO for Robbins Brothers.
About Robbins Brothers:
Headquartered in Azusa, California, Robbins Brothers operates 14 stores in Southern California, Texas and Washington. The Company provides extensive product education, exceptional value and unique engagement and wedding planning services. Its focus on engagement rings allows Robbins Brothers to deliver an unparalleled selection of styles including an extensive range of exclusive private label and designer collections. For more information, please visit RobbinsBrothers.com or call 800.295.1543. You can also follow Robbins Brothers on Facebook, Twitter, Pinterest, Instagram and YouTube.
Comvest Partners 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 120 public and private companies. Please visit www.comvest.com.