West Palm Beach, Florida, October 2007 – The ComVest Group, through its Control Fund, ComVest Investment Partners III, LP, has acquired Hi-Way Equipment Company (“Hi-Way”) for $17.25 million. ComVest has also acquired the plant and inventory from which Hi-Way conducts its operations. About Hi-Way Hi-Way is based in Houston, Texas, and is a multi-line dealer
ATLANTA–Sept. 5, 2007–CDC Software, a wholly owned subsidiary of CDC Corporation (NASDAQ: CHINA) and a provider of industry-specific enterprise software applications and business services, announced today that it has entered into a definitive agreement to acquire a portfolio company of ComVest, Milwaukee-based Catalyst International, a leading provider of supply chain execution solutions and services. With
West Palm Beach, Fl, May 2007- The ComVest Group announced that its portfolio company, CorVu Corporation, an innovative provider of Business Intelligence and Performance Management software solutions, has been acquired by Rocket Software, Inc. in a transaction valued at $24.5 million. About CorVu Corporation A pioneer in Balanced Scorecard software and reporting dashboards, CorVu has
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
West Palm Beach, Florida, December 8, 2006 – The ComVest Group announced the $90 million initial public offerings of its portfolio company, Allegiant Travel Company (NASDAQ: ALGT). Five million shares of common stock were priced at $18.00 per share and the common stock will trade on the NASDAQ Stock Market under the symbol “ALGT”. Merrill
West Palm Beach, FL — Medical device maker AngioDynamics Inc. (NASDAQ: ANGO) said Tuesday it is purchasing one of The ComVest Group’s portfolio companies, oncology products maker Rita Medical Systems Inc. (NASDAQ: RITA) for about $220 million, plus approximately $3.3 million in assumed debt. Rita shareholders will receive cash and stock totaling $4.70 per share,
West Palm Beach, Florida, October 20, 2006 – The ComVest Group has acquired Zomax Inc. (”Zomax”) in an all cash transaction valued at $72 million, or approximately $2.09 per share. “ComVest has experience as an investor in the supply-chain management industry and we are pleased that they have chosen to further their commitment in the
West Palm Beach, Florida, October 20, 2006 – The ComVest Group announced that it has completed the purchase of Stonepath Logistics International Services, Inc. (“SLIS”), a division of The Stonepath Group (AMEX: STG), for aggregate consideration of $17.9 million. ComVest expects to finalize the purchase of the Stonepath Logistics (Germany) GmbH unit, for a proposed
West Palm Beach, Florida, September 6, 2006 – The ComVest Group announc ed today that it has sign ed a definitive agreement with The Stonepath Group (AMEX: STG), to purchase Stonepath Logistics International Services , Inc. (“SLIS”) and also expects to finalize the agreement to purchase the Stonepath Logistics (Germany) GmbH unit, for a propos
West Palm Beach, Florida, August 9, 2006 – The ComVest Group announced today that it has entered into definitive agreement under which they will acquire Zomax in an all cash transaction valued at $68 million, or approximately $2.09 per share. “ComVest has experience as an investor in the supply-chain management industry and we are pleased
