West Palm Beach, Florida, February 2007 – The ComVest Group, through its Non-Control Fund, ComVest Capital, LLC, has provided a $5.5 Million revolving credit and term loan to LaPolla Industries, Inc. (AMEX: LPA) (“LaPolla”). The credit facility is comprised of a revolving credit facility and a term loan to provide funds for the repayment and retirement of LaPolla’s existing line of credit facility and for working capital and general corporate purposes.
LaPolla Industries, Inc. is a national manufacturer and distributor focused on several basic segments: Coatings, Foam, Paints, Sealants, Adhesives, Equipment, and All Other. Within these business segments, LaPolla has invested resources in a variety of products targeting commercial and industrial and residential applications in the roofing, construction and paint industries. For additional information on LaPolla, please visit www.lapollaindustries.com.
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. Our 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.