West Palm Beach, FL – March, 2015 – Comvest Partners, through its Comvest Capital lending platform, (“Comvest”), has provided a term loan to Spring Insurance Solutions, LLC (“Spring”), a wholly-owned subsidiary of Kansas City-based Spring Venture Group, which operates as an insurance broker for predominately Medicare Supplement insurance products with approximately 23,000 policies in force.
Bellingham, Wash. – Pacific Northwest grocery chain Haggen announced that it has entered into an agreement to acquire 146 stores as part of the divestment process brought about by the Federal Trade Commission’s (FTC) review of the Albertson’s LLC and Safeway merger. With this acquisition, which remains subject to FTC approval, Haggen will expand from
West Palm Beach, FL, October 2014: Comvest Partners is pleased to announce that Comvest Investment Partners Fund IV (“Comvest”) has completed the acquisition of Old Time Pottery (the “Company”), a Tennessee-based discount retailer of home décor products. Old Time Pottery was founded by the Peterson family and currently operates 33 store locations in 11 states
West Palm Beach, FL, May 2014: Comvest Partners (“Comvest”) is pleased to announce that Comvest Investment Partners III (“Comvest III”) has completed the merger of portfolio company Cynergy Data (“Cynergy”) with Priority Payment Systems, LLC (“Priority Payments”), creating Priority Payments Systems Holdings, LLC. (“Priority”). The combination creates a top ten U.S. non bank merchant processor
West Palm Beach, FL, May 2014: Comvest Partners (“Comvest”) is pleased to announce that Comvest Investment Partners II (“Comvest II”) has completed the sale of portfolio company Aptiv Solutions (“Aptiv”) to ICON plc. Aptiv Solutions, a pharmaceutical contract research organization (“CRO”), was originally acquired by Comvest at the end of 2005 as Averion International, and
West Palm Beach, FL, February 2014: Comvest Partners is pleased to announce that Comvest Investment Partners IV (“Comvest”) has completed its investment in BEL USA (“BEL” or the “Company”), a provider of customized promotional products, including drinkware, tote bags, pens, t-shirts and a variety of other printed items. Headquartered in Miami, FL, BEL sells to
West Palm Beach, FL, February 2014: Comvest Partners is pleased to announce that BEL USA (“BEL”), a Comvest Investment Partners IV (“Comvest”) portfolio company, has completed its merger with Branders.com (“Branders” or the “Company”), an online distributor of customized promotional products, including wearables, bags, pens, drinkware and a variety of other printed items. The Company’s
West Palm Beach, FL., December 2013 – Comvest Partners, through its debt fund, Comvest Capital II LP (“Comvest”), provided an $11.6 million first lien term loan to American Light Metals, LLC (the “Company”). Proceeds of the financing were used to acquire the assets of Empire Die Casting, Inc., a precision die caster of aluminum and
West Palm Beach, FL., November 2013 – Comvest Partners, through its debt fund, Comvest Capital II LP (“Comvest”), provided $16.75 million in debt and equity capital to California Products Corporation (“CPC” or the “Company”), a producer of specialty surface products, in support of Delos Capital, LLC’s (“Delos”) acquisition of CPC. “We are excited to have
West Palm Beach, FL. Nov. 21, 2013 – Comvest Partners and Wynnchurch Capital, leading middle-market, private equity investment firms, have been honored by the Chicago/Midwest Chapter of the Turnaround Management Association (TMA) for their work with United States Pipe and Foundry Company, LLC and Fast Fabricators, LLC (U.S. Pipe). TMA honors excellence through its annual awards program.
