November 30, 2007
West Palm Beach, Florida, November 2007 – The ComVest Group has provided a $7.8 Million revolver and term loan to Lighting Components and Design, Inc (“LC&D”), a leading manufacturer of specialty lighting components. The proceeds from the transaction will be used for growth and working capital purposes. ComVest anticipates that LC&D is in a great
September 28, 2007
West Palm Beach, Florida, September 2007 – The ComVest Group, through its Non-Control Fund, ComVest Capital, LLC, has provided a $15 Million revolving line of credit to Western Forge Corporation, a wholly owned subsidiary of MW Universal Inc. which manufactures popular brand hand tools including Craftsman and Snap On. The proceeds from the transaction will
August 31, 2007
West Palm Beach, Florida, September 2007 – The ComVest Group, through its Non-Control Fund, ComVest Capital, LLC, has provided an $8.0 Million revolver and term loan to Groupware International Inc. (“Groupware”), a leading cable installation contractor. The proceeds from the transaction will be used to repay debt and expand services into new markets. The transaction
July 30, 2007
West Palm Beach, Florida, July 2007 – The ComVest Group, through its Non-Control Fund, ComVest Capital, LLC, has provided a $8.5 Million term loan and revolving lines of credit to Fonon Technology International (“Fonon” or “FTI”), manufacturer of laser system equipment. The proceeds from the transaction will be used to provide funds for the retirement
June 10, 2007
West Palm Beach, Florida, June 1, 2007 – The ComVest Group has provided $24 Million in financing to Accelerated Care Plus Corp. (“ACP”) in the form of Convertible Preferred Stock through its ComVest Investment Partners III Fund. The proceeds will be used to retire subordinated debt and expensive lease financing arrangements, fund growth, purchase currently
April 25, 2007
WEST PALM BEACH, FL–Apr 25, 2007 — ComVest Group Holdings, LLC announced today that it has entered into a definitive agreement with EVCI Career Colleges Holding Corp. (NasdaqCM:EVCI – News) and participating management of EVCI that will provide gross proceeds to EVCI of $10,100,000 and the ability to secure letters of credit of up to
April 20, 2007
West Palm Beach, Florida, April 2007 – The ComVest Group has provided $8.0 Million in financing in the form of a $5M term loan and a $3M revolving loan facility for AFP Imaging Corporation (“AFP”) which will be used to retire a current revolver and fund the acquisition of Quantitative Radiology (“QR”), permitting AFP to
February 22, 2007
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
January 22, 2007
West Palm Beach, Florida, January 2006 – The ComVest Group has provided a $6.0 Million revolving credit and term loan to Dellacasa, LLC (“Dellacasa”) which will be used to secure additional contracts to support further growth, including expansion into new locations. About Dellacasa Organized by Mr. Paolo Della Casa in 1999 and headquartered in Miramar,
December 29, 2006
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