WEST PALM BEACH, FL – The Comvest Group, through its debt fund, Comvest Capital II L.P., has provided an $8.7 million second lien term loan to Acme Lift Company (“Acme”). The financing is secured by a second lien on all of Acme’s assets, primarily the rental fleet. The proceeds were used to refinance current debt. Acme is the world’s largest wholesale rental company of late model, large aerial work platforms (“AWP”) and other equipment to the local retail rental markets. Acme’s equipment is used for construction, maintenance and service in a variety of industries including mining, exploration and production, refineries, utilities, government and power industries.
Acme Lift Company, the world’s largest strictly wholesale rental company, features the latest, biggest self-propelled aerial work platforms that allow customers to reach higher and benefit from the largest working areas available. The Acme team strives to ensure the quickest deliveries of the most modern, dependable articulating and telescoping manlifts coast to coast. Units are available for rent daily, weekly and monthly, 24/7, throughout the United States and Canada. (For more information about Acme Lift Company, please visit www.acmelift.com.)
The Comvest Group is a leading private investment firm focused on providing debt and equity capital to lower middle-market companies. Our firm includes seasoned, senior level operating executives at all levels who partner with managers and owners of companies to grow businesses and create long-term value. Since 1988, Comvest has invested more than $2 billion of capital in over 200 public and private companies. For more information, please visit www.comvest.com.
For more information about this transaction contact Robert O’Sullivan or Mark Hughes at (561) 727-2100, or Louis Colosimo at (212) 829-5880.