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Comvest Credit Partners

Comvest Credit Partners provides flexible financing solutions to middle-market companies throughout North America. We offer bespoke capital structures, deep industry expertise, a relationship-oriented approach, and significant transaction experience.

Our tailored financing solutions address companies’ current and continuing capital needs, helping enhance enterprise values and facilitate continued growth. We support a wide range of investment situations of companies in diverse end markets within our industries of focus and are committed to building relationships across a variety of borrower profiles. We lend to sponsored and non-sponsored companies in support of buyouts, growth, refinancings, recapitalizations, and acquisitions, with the ability to invest more than $250 million per transaction.

Industry Focus

  • Business Services
  • Industrials
  • Healthcare
  • Specialty Finance
  • Software & Technology Services
  • Consumer & Retail

Transaction Types

  • Change-of-Control Buyouts
  • Growth Capital
  • Refinancings
  • Recapitalizations
  • Add-On Acquisitions

Financing Products

  • First Lien Facilities
  • Unitranche Facilities
  • Split Lien Facilities
  • Last Out Facilities
  • Second Lien Facilities
  • Equity Co-Investments

Investment Size

  • Up to $250+ million hold size per transaction
  • Potential for follow-on capital

Financial Profile

  • EBITDA greater than $7.5 million, with exceptions for recurring revenue, specialty finance, high growth or special situation businesses (including stressed / distressed)

Ownership

  • Public or Private
  • Sponsored
  • Non-traditionally sponsored
  • Non-sponsored

Structuring Considerations

  • Enterprise Value / Cash Flow
  • Asset Value
  • Recurring Revenue
Active

Consumer & Retail

Operator of Quick-Service Restaurant Chain

Pollo Tropical is a Latin-Caribbean-style restaurant operator with a focus on citrus-marinated grilled chicken. Pollo Tropical operates locations throughout Florida and franchises units internationally in Puerto Rico, Central America, South America, and the Bahamas.

Active

Healthcare

Dental Service Organization

HighFive Healthcare is a multi-specialty dental service organization (DSO) focused on the acquisition and development of endodontic and oral surgery practices located in the southeastern United States.

Active

Consumer & Retail

Franchisor of Power-Oriented Products and Services

Batteries Plus Holding Corporation (“Batteries Plus”) is a leading national franchisor and omni-channel retailer of batteries, light bulbs and device repair services for the direct-to-consumer and commercial channels.

Active

Business & Financial Services

Provider of Debt Resolution Services

Beyond Finance is provider of success fee-based debt resolution services, offering personalized debt reduction programs and tools to help consumers consolidate and resolve debt.

Active

Business & Financial Services

Provider of Insurance Technology Software

XDimensional Technologies provides insurance technology software with a broad range of applications that support the core operational functions of businesses throughout the insurance industry.

Active

Industrials

Provider of Overhead Crane Inspection and Repair Services

Hoist & Crane is a leading national provider of overhead crane inspection, preventative maintenance, and repair services. The company offers a full suite of service capabilities across cranes, hoists, industrial elevators, overhead doors, and dock levelers.

Active

Consumer & Retail

Retailer of Women’s Apparel

J.Jill, is chain retailer of women’s apparel, footwear and accessories sold through its website and retail store locations nationwide, targeting a consumer base of 45-to-65-year-old women.

Active

Business & Financial Services

Provider of Debt Settlement and Consolidation Loan Services

Above Lending is a consumer lending company that provides debt consolidation loan programs to eligible consumers.

Active

Consumer & Retail

Provider of Managed Mobility, Storage and Entertainment Solutions

VENU+ is a leading outsourced provider of entertainment and need-based guest and tourist solutions across high-traffic destinations worldwide.

Active

Healthcare Services

Dental Service Organization

Oak Dental Partners is a dental service organization (DSO) that focuses on the acquisition and development of pediatric, family dental, and orthodontic practices located in the southeastern United States.

Active

Consumer & Retail

Operator of Polished Casual Restaurants

Firebirds Wood Fired Grill is a polished casual American restaurant chain with an energetic twist on the traditional grill, featuring a boldly flavored menu in a stylish, fire-centric atmosphere.

Active

Business & Financial Services

Provider of Supplemental Literacy Curriculum

EPS School Specialty is a leading developer of curriculum products and services that enhance literacy and math skills for K-12th grade students. EPS School Specialty partners with school districts nationwide to provide supplemental literacy education programs for students. Its literacy curriculum includes teacher materials, student workbooks, in-class reading and learning exercises, and other literacy activities and assessments.

Active

Healthcare Services

Provider of Outpatient Cardiology Services

Cardiovascular Logistics is a comprehensive physician practice management platform providing the logistics to integrate the nation’s best cardiology practices into one robust cardiovascular solution.

Realized

Business & Financial Services

Provider of Consumer Financing Solutions

JG Wentworth is a consumer financial services offering structured settlement payment purchasing, annuity payment purchasing, lottery and casino payment purchasing, and debt resolution services.

Active

Healthcare

Provider of Behavioral Health Services

Bradford Health Services is one of the largest and longest-tenured providers of substance abuse treatment and recovery services in the Southeastern United States.

Active

Healthcare Services

Provider of Tech-Enabled Patient Engagement Solutions

CheckedUp is a patient education company offering tech-enabled patient engagement solutions. CheckedUp manages a digital network of interactive wallboards and TV consoles in medical, specialty care and corporate settings that provide health-related information and education.

Active

Consumer & Retail

Retailer of Specialty Beverages

Fat Tuesday is among the nation’s largest off-premise specialty beverage retailers, specializing in to-go frozen specialty drinks sold through corporate and franchised retail locations in the U.S. and internationally.

Active

Consumer & Retail

Operator of Chain of Mexican-Themed Restaurants

Ojos Locos operates a chain of Mexican-themed sports bars and restaurants with locations throughout the American Southwest that offer Latin-influenced cuisine and feature popular televised sporting events.

Active

Consumer & Retail

Voluntary Employee Benefit Provider of Payroll Enabled Purchases

Purchasing Power offers a leading employee purchase program for consumer products and services, and financial tools and resources to improve employee financial wellness. Purchasing Power serves Fortune 500 companies, associations, and government agencies, giving millions of employees immediate access to products and services, with no interest, fees, or credit checks.

Realized

Business & Financial Services

Operator of Pawn Stores

SMART operates a network of independent pawn stores in the United States and Canada. With nearly 90 locations and six unique brands, SMART is the third largest pawn chain in North America.

Active

Industrials

Manufacturer of Specialty Films and Sheeting

Viaflex (formerly Raven Engineered Films) is a leading provider and installer of highly engineered polymer protective sheeting products used in a variety of agriculture, construction, geomembrane, and industrial applications in major markets worldwide. Viaflex produces covers, liners, films and other products for critical resource protection needs that require precise custom fabrications.

Active

Consumer & Retail

E-Commerce Retailer of Luxury Sleep Products

Saatva is a leading direct-to-consumer (DTC) online retailer of luxury mattresses and sleep products.

Active

Business & Financial Services

Provider of Consumer Leases for Pre-Owned Motorcycles

Horsepower is a specialty consumer leasing business focused on the pre-owned Harley-Davidson motorcycle market.

Active

Healthcare Services

Provider of Behavioral Health Services

Oceans Healthcare provides behavioral health services for adult and geriatric patients across Texas and Louisiana, with a focus on treating cognitive and progressive mental health symptoms, in inpatient healthcare facilities and intensive outpatient programs.

Active

Business & Financial Services

Provider of Educational Staffing Services

Education Solution Services is a leading provider of K-12 staffing management services and virtual instruction services.

Active

Consumer & Retail

Operator and Franchisor of Full-Service Cafes

Another Broken Egg is a restaurant operator and franchisor of a chain of full-service daytime-only cafes that offer innovative menus of southern-inspired dishes.

Active

Industrials

Distributor of Natural Gas Meters and Equipment

KGM provides measurement and regulation equipment and related services to the natural gas utility industry.

Active

Consumer & Retail

Multi-Brand Restaurant Operating Group

P.J. Whelihan’s Restaurant Group, (“PJW”) is a restaurant operator of dining concepts in Pennsylvania and New Jersey. The majority operate as P.J. Whelihan’s Pub and Restaurant, a chain of American bar-and-grill-themed sports bars. PJW’s other brands include The Pour House, Treno Pizza Bar, The ChopHouse, The ChopHouse Grille, and Central Taco and Tequila.

Active

Healthcare Services

Operator of Veterinary Hospital Network

CareVet is a leading operator of independent veterinary hospitals throughout the United States.

Active

Healthcare Services

Provider of Telehealth Services

Avel eCare is among the world’s largest virtual care providers, delivering two-way video telehealth care to a variety of healthcare facilities, including health systems, rural hospitals, critical care units, outpatient clinics, and long-term facilities.

Active

Business & Financial Services

Provider of Debt Resolution Services

ClearOne is the second largest provider of success fee-based debt resolution services in the U.S. Consumers enroll in a debt settlement program with ClearOne, who will negotiate a settlement with the creditor and collect a success fee once the debt is settled.

Realized

Transportation & Logistics

Provider of Inspection, Testing, and Fuel Treatment Services

Camin Cargo Control provides inspection, laboratory testing, and additive treatment services to the petroleum industry.

Active

Business & Financial Services

Provider of Digital Signage and Engagement Solutions

Uniguest provides connected technology solutions to enable those in hospitality, senior living, sports/stadiums, entertainment, retail, education, government, corporate, and enterprise to engage with their audience. The company’s technology solutions include digital signage, IPTV / enterprise video and engagement apps, professional services, system implementation, and multi-lingual support.

Active

Consumer & Retail

Designer and Wholesaler of Home Decor and Fragrance Products

Regent Holding is a global designer and wholesaler of home décor, home fragrance and accent products offered through multiple channels across North America, Europe and Asia.

Realized

Business & Financial Services

Provider of Cash Automation Solutions

 

Realized

Healthcare Services

Provider of Neuromodulation and Cardiopulmonary Medical Devices

Realized

Industrials

Operator of Water and Wastewater Treatment Facilities

Seven Seas Water owns and operates decentralized water and wastewater treatment plants and businesses.

Realized

TMT

Provider of SaaS-Based Care Management Solutions

Altruista Health provides care management technology solutions that support data-driven and person-centered approaches to population health management. Altruista’s GuidingCare technology platform enables health plans to integrate care management, care coordination and quality improvement programs through a suite of web-based applications.

Realized

TMT

Provider of Payment Processing Solutions

Active

Consumer & Retail

Operator of Fast-Casual Restaurants

Chopt and Dos Toros are fast-casual restaurant concepts with locations in New York, Washington, D.C., Virginia, Maryland, Connecticut, New Jersey, North Carolina, Tennessee, and Georgia, and Illinois. Chopt offers a broad menu of fresh salads, warm grain bowls, and sandwich wraps, and Dos Toros features San Francisco mission-style taqueria cuisine.

Realized

Industrials

Manufacturer of Aerospace Components

Cassavant (CMI Group) is a precision manufacturing company that provides machined component parts as well as small assembled components to the aerospace and commercial industries.

Active

Consumer & Retail

Franchisee of Boutique Fitness Studios

Realized

TMT

Provider of E-commerce Software Solutions

Active

Business & Financial Services

Outsourced Legal Recovery Services

Realized

Business & Financial Services

Provider of Account Management and Payment Processing Services

Realized

Industrials

Distributor of Heating Oil

HOP Energy is a specialty distributor of oil, propane and other petroleum products and related services to homeowners and small businesses.

Realized

TMT

Provider of Rural Broadband Telecommunications Services

American Broadband is a rural local exchange carrier offering high-speed internet, voice, and cable television services.

Realized

Healthcare Services

Operator of Outpatient Diagnostic Imaging Centers

Akumin provides outsourced radiology and oncology services through a nationwide network of outpatient diagnostic imaging centers serving hospitals and health systems.

Active

Healthcare Services

Provider of Pediatric Urgent Care Services

PM Pediatric Care is the nation’s largest provider of specialized pediatric urgent care with nearly 100 locations in more than 15 states.

Realized

Business & Financial Services

Insurance Broker for Medicare Supplement Products

Spring Venture Groups and its affiliates act as an insurance broker for predominately Medicare Supplement insurance products.

 

Realized

Business & Financial Services

Pre-Owned Motorcycle Leasing Company

Realized

Industrials

Provider of Water-as-a-Service Solutions

AquaVenture is a multinational developer and provider of sustainable Water-as-a-Service (WAAS) solutions for clean drinking water, process water, wastewater treatment and water reuse.

Active

Consumer & Retail

Provider of Health and Beauty Accessories

 

Active

Consumer & Retail

Sure Fit is a leading marketer and distributor of furniture slipcovers, furniture protectors, shower curtains, window curtains, decorative pillows, and bath hardware and accessories

Realized

Consumer & Retail

Franchisor of Health and Wellness Centers

Realized

Consumer & Retail

Franchisor of Quick Casual Restaurants

Tropical Smoothie is a franchisor of quick-casual restaurants offering a variety of smoothies, sandwiches, flatbreads,wraps, and salads.

Realized

Healthcare Services

Leading Healthcare Enterprise Software Provider

Active

Business & Financial Services

Provider of Healthcare Enterprise Software Solutions

WIS provides inventory verification services (“IVS”) and retail merchandising services (“RMS”) to discount retail and grocery customers.

Realized

Consumer & Retail

Owner and Operator of Casual Restaurant Chain

Miller’s Ale House owns and operates more than 100 casual dining restaurants in over 10 states.

Realized

Consumer & Retail

Leading Personal Emergency Response Systems (PERS) Provider

Realized

Consumer & Retail

Specialty entertainment retailer offering a large selection of new and pre-owned movies, video games, and music products, as well as ancillary products such as books, comics, toys and collectibles

Realized

Business & Financial Services

Provider of creative alternatives to retail customers that cannot secure traditional financing through a proprietary point-of-sale technology platform

Realized

Business & Financial Services

Provider of alternative financing solutions to small businesses in Canada

Active

Healthcare Services

Leading independent provider of outsourced ED management to hospitals in the U.S.

Realized

Consumer & Retail

The world’s first and largest network of self-service kiosks for accurate key duplication

Realized

Business & Financial Services

Dealership operator of pre-owned vehicles with specialty lease financing product

Active

Business & Financial Services

Canadian consumer finance retailer operating more than 100 financial service centers which cater to under banked near prime and subprime consumers

Realized

Industrials

Provider of Recycled PET Resins

CarbonLITE is the largest producer of FDA-approved, bottle-grade recycled polyethylene terephthalate resins in the United States.

Active

Healthcare Services

Middle-market, full-service pharmacy benefit management company

Active

Healthcare Services

Provider of Consumer Healthcare Financing Solutions

CarePayment is a healthcare finance company that provides patient finance solutions to hospitals, physician practices, and ancillary service providers nationwide.

Realized

Business & Financial Services

A transaction processing independent sales organization specializing in payment acceptance

Active

Consumer & Retail

Largest domestic Outback Steakhouse franchisee in the U.S.

Realized

Business & Financial Services

A Cross-Border Payments Provider

Realized

Consumer & Retail

Manufacturer of Home Comfort Products

Lasko is a market-leading manufacturer of high-performance home comfort products such as portable fans, portable heaters, air purifiers and humidifiers.

Active

Healthcare Services

Path Medical Holdings, Inc. is a provider of fully-integrated acute trauma treatment and diagnostic imaging solutions to patients injured in automobile and non-work related accidents.

Realized

Industrials

Brock Holdings III, Inc is an industrial maintenance solutions provider of scaffolding, insulation, coatings, and other related services to the petrochemical, refining, oil sands and power generation end markets

Realized

Healthcare Services

Acuity Eye Specialists is a medical group providing vertically integrated eye care services through various clinical entities.

Realized

TMT

Manager of a portfolio of more than 83 unique outdoor advertising assets. The portfolio of assets is comprised of urban wallscapes, digital signs, billboards, barricades and transit signs, with a focus on premium locations within top designated market areas.

Realized

TMT

Global licensor of 3D cinema systems and other visual technologies to motion picture exhibitors, consumer electronics manufacturers and content distributors.

Realized

Business & Financial Services

Supplier of OEM-compatible copier and printer supplies to over 12,000 customers across 130 countries.

Realized

Business & Financial Services

Specialty retailer operating as one of the largest independent agents in the Verizon Wireless network.

Realized

Business & Financial Services

Northern Leasing Systems is a leading lessor of point of sale credit card processing terminals to small and mid sized merchants in the United States and Canada.

Realized

Specialty Finance

Crest Financial is a provider of lease financing to nonprime consumers.

Realized

Business & Financial Services

Iron Data Systems is a case management and regulatory software company.

Realized

Healthcare Services

Aisthesis is a practice management firm that provides non-clinical services to anesthesia professional corporations.

Realized

Business & Financial Services

Freedom Financial is a consumer finance company focused on the debt settlement business.

Realized

TMT

Z Wireless is a merger of two of the largest independent agent retailers for Verizon Wireless. Z Wireless stores sell a comprehensive mix of wireless devices, accessories and insurance coverage.

Realized

Healthcare Services

Client Network Services, Inc. is a healthcare focused IT contractor that provides solutions to state government Medicaid ERP systems and projects for Federal healthcare entities.

Realized

TMT

SDS Inc. (d/b/a Blue) is a software company focused on complete graphics process management for brands. Their software is used by customers for all processes surrounding the development and management of product labels/artwork.

Realized

Business & Financial Services

United Medicare Advisors is a insurance broker for predominately Medicare Supplement insurance products. The Company utilizes an online marketing strategy to generate leads to their call center of licensed insurance agents. The Company contracts with insurance carriers to offer consumers a product agnostic price/benefit comparison of MedSup plans across states.

Realized

TMT

Travel Holdings, Inc. is a technology-driven, global travel distributor providing business-to-business and business-to-consumer services. Travel Holdings, Inc. has negotiated wholesale rate contracts with hotels throughout the world. The Company has customer relationships with online/offline travel agencies, member’s rewards clubs and other travel distribution channel providers. Travel Holdings, Inc. has a global reach, though has a particular strength in bringing European and Latin American travelers to United States destinations. The Company’s proprietary technology system provides internal business intelligence, analytics and connectivity with customers.

Realized

Consumer & Retail

Guckenheimer Enterprises, Inc. is a manager and operator of corporate dining facilities throughout the United States, specializing in healthy and organic food. Their solutions include corporate cafes and restaurants, executive dining room coordination, juice and espresso bars, street food carts, catering and event services, corporate convenient stores and vending management.

Realized

Business & Financial Services

Why Not Lease It is a provider of operating lease financing to nonprime consumers.

Realized

Healthcare Services

Nephron Pharmaceuticals is a manufacturer of generic drugs used to treat respiratory related ailments using “Blow-Fill-Seal” technology, a packaging process that forms, fills and seals a vial in an aseptic process, without human intervention, in a sterile enclosed area. The Company primarily sells through wholesalers to hospitals, pharmacies and other retailers, which collectively negotiate pricing through group purchasing organizations.

Realized

Specialty Finance

Easyhome is a merchandise leasing and consumer lending company with significant operations in Canada and the United States. The business operates through two business units: Easyhome Leasing and Easyfinancial Services.

Realized

Specialty Finance

Kilowatt Financial, LLC is a consumer-focused finance company focused on residential clean energy and energy efficiency equipment and services with two core business units – Generation and Lending. The Company’s Generation segment owns residential rooftop distributed generation solar PV systems and leases or sells power to consumers over the useful life of the equipment. Kilowatt’s Lending segment lends money to consumers to acquire residential PV, re-roof their home in preparation for residential PV or for energy efficiency home improvements. The Company also sources, underwrites, diligences and executes opportunistic transactions in the residential solar space.

Realized

TMT

Egenera, Inc. is a multi-national cloud and data center infrastructure management software company that develops and sells software to enterprises. The Company’s products enable enterprises and service providers to (i) design, manage and virtualize their computing infrastructure and (ii) quickly create and manage secure and reliable private, hybrid or public cloud services. The Company’s software products are sold via perpetual licenses and subscriptions, with related maintenance and support services. Egenera’s customers include cloud service providers, financial services firms, healthcare organizations and government agencies.

Robert O’Sullivan

Managing Partner

Jason Gelberd

Partner, Co-Head of Direct Lending

Greg Reynolds

Partner, Co-Head of Direct Lending

Tom Goila

Partner

Dan Lee

Partner

Brian Cercek

Managing Director

David Gibson

Managing Director

Andrew Goldsmith

Managing Director of Capital Markets

Joe Higginbotham

Managing Director

Tim Kim

Managing Director

Nicholas McClelland

Managing Director

Chris O’Donnell

Managing Director

Bryce Peterson

Managing Director

Renee Rempe

Managing Director

Scott Soracoe

Managing Director

Rachel Bazan

Principal

Colin Beazley

Principal

Brendan Green

Principal

Kamau Hixon

Principal

Alex Knowland

Principal

Adam Kollender

Principal

Enrique Viciana

Principal

Davis Lane

Vice President

Alex Biehl

Vice President

Matthew Shakespeare

Vice President

Dvivid Trivedi

Vice President

Jack Wyatt

Vice President

Greg Barnett

Senior Associate

Taylor Christo

Senior Associate

Phillip Flesch

Senior Associate

Mace Lieberman

Senior Associate

Santiago Marti Garro

Senior Associate

Connor Page

Senior Associate

J.J. Sass

Senior Associate

Dan Vechiola

Senior Associate

Conor Dolan

Associate

Rhett Haney

Associate

Jarrett Janzer

Associate

Kai Aronson

Analyst

Sanjit Kalsi

Analyst

Robert Priddy

Senior Advisor