WEST PALM BEACH, FL– The Comvest Group announced today that Comvest Investment Partners IV has completed its acquisition of Urgent Cares of America, Inc and its affiliates (“UCA”). UCA is based in Raleigh, North Carolina and is a leading provider of urgent care services in the communities they serve through nine locations in North Carolina.
Allegiant Air, LLC, airline subsidiary of Allegiant Travel Company, announced it will begin flying to Hawaii this year, made possible by the purchase agreement for 6 Boeging 757-200 aircraft. Allegiant plans to take delivery of these aircraft and place them in service with Allegiant Air on the following schedule: – Two aircraft delivered within the
West Palm Beach, FL, February 2010–The Comvest Group (“Comvest”) announced that Roger Marrero has joined the Firm as a Managing Director. Mr. Marrero will be taking a lead role in sourcing, negotiating and executing portfolio company investments. He will also become a member of the Investment Committee. Mr. Marrero brings 13 years of Private Equity
DALLAS, Texas–February 9, 2010–Critical Information Network (CiNet), an emerging eLearning company serving customers across the public safety, healthcare and industrial operations sectors, today announced that three members of the company’s production team have won Aegis Video and Film Production Awards for outstanding programming in the Training/Education category. Jennifer Woosley received two awards for her outstanding
· Sale Officially Approved on November 3, 2009 · ComVest to Become New Majority Owner of Velocity Express · Transaction Eliminates over $100 Million of Debt · Velocity Believes it Will Have One of Industry’s Strongest Balance Sheets WESTPORT, Conn – Velocity Express Corporation, the nation’s largest provider of time definite regional delivery solutions, announced
The Comvest Group Closes Less than Two Months After Chapter 11 Bankruptcy Filing. LONG ISLAND CITY, NY, – Cynergy Data and The Comvest Group announced today that Cynergy Holdings, LLC, an investment vehicle that is managed by The Comvest Group, has completed the acquisition of substantially all of Cynergy Data’s assets for $81 million. In
· Restructuring will Eliminate $100+ Million of Debt and Create a Financially Stronger Company · Substantial Reduction in Leverage Will Help Poise Velocity for Substantial Future Growth · Company Expects to Complete Restructuring in 30 to 45 Days · Operations will Continue As Usual During Restructuring Period · All Employee and Independent Contractor Payments Will
SOUTHBOROUGH, MA., September 4, 2009- Averion International Corporation (OTC BB: AVRO), today announced that it has filed an information statement with the Securities and Exchange Commission (SEC) regarding its plan to go private. A majority of the Company’s common shareholders have approved an amendment to the Company’s certificate of incorporation to affect a reverse stock
LONG ISLAND CITY, NY, September 1, 2009 – Cynergy Data today announced that it has voluntarily initiated proceedings under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court in Delaware and is pursuing a sale process under Section 363 of the Bankruptcy Code. Cynergy Data has entered into an asset purchase agreement
EMC’s new Asia-Pacific gateway provides EMC’s customers with a direct connection between the United States and Asia for private data networks and video content distribution at land and sea. MIAMI, FLORIDA – AUGUST 2009 – Emerging Markets Communications (EMC) has successfully purchased from Telesat Canada the Telesat Asia Pacific Gateway located in Kapolei, Hawaii. EMC’s
