West Palm Beach, Florida, December 2006 – The ComVest Group has provided a $3.5 Million in the form of two term loans for Barrier Wall of South Florida (“Barrier Wall”) which will be used to increase the company’s bonding capacity and provide additional working capital.
Barrier Wall, a highway construction service company, is well-positioned for growth due to the company’s extensive experience, existing relationships, and unprecedented government spending on highway construction projects. The anticipated increase in bonding capacity and additional working capital should further enable Barrier Wall to significantly grow its business via increased prime contractor projects.
About Barrier Wall
Based in Jupiter, Florida, Barrier Wall of South Florida is a heavy highway construction company that performs nearly all highway construction services with specific expertise in the installation of concrete barrier walls. The company has significant experience in construction concrete projects that include curb and gutters, sidewalks, barrier walls, traffic separators, underground utilities, earthwork, and sound-walls. The company currently employs approximately 70 employees. Barrier Wall provides its services in Florida under contracts that range in $100K to $7M, over time periods of up to 3 years. The company’s largest customers have been the FDOT and several mid to large size construction companies.
The ComVest Group is a Leading Private Equity Firm focused on investing in middle-market companies. Since 1988 ComVest has invested more than $2 billion of equity capital in over 200 public and private companies worldwide. Through our extensive financial resources and broad network of industry experts, we are able to offer our companies total financial sponsorship, critical strategic support, and business development assistance. Their focus is centered on building industry leading companies and creating long term value for equity holders. For more information on ComVest, visit www.comvest.com.