May 1, 2009
Sunrise Florida, NationsHealth, Inc. (“NationsHealth”) announced today that it has entered into a definitive merger agreement pursuant to which NationsHealth shall be acquired and taken private by ComVest NationsHealth Holdings, LLC, a wholly-owned subsidiary of ComVest Investment Partners III, L.P. (collectively, “ComVest”), a Florida-based private equity firm. Under the terms of the definitive merger agreement,
February 22, 2009
Quincy, Mass. Pipeline Data, a provider of payment processing and services, today announced that it has entered into restructuring agreements with its convertible noteholders, as well as with the holders of a $16 million put claim against the Company. The transaction was led by The ComVest Group (“ComVest”). Under the terms of the transaction, the
January 12, 2009
Hi-Way Equipment, a portfolio company of ComVest, acquires Equipment Support Services, Inc. of Houston. The combined company will operate under the name of Hi-Way Equipment Company and the organization will boast eleven offices and more than 200 employees in the southeast, central and north Texas areas. The combined company offers a broad range of premier
December 28, 2008
West Palm Beach, Florida, December 2008 – The ComVest Group, through ComVest Investment Partners III, LP., has made an investment in a newly formed company to acquire, through a section 363 bankruptcy sale, certain assets of TWL Corporation. The Company, based in Carrollton, Texas, provides its content to approximately 2,000 clients and owns one of
August 14, 2008
The ComVest Group, through its Debt Fund, ComVest Capital, has provided $10 million in financing to Rave LLC, a leading supplier of advanced process solutions to the Semiconductor and Photomask Industries. The financing was structured as a $6 million senior working capital revolver and a $4 million purchase order finance line. About RAVE LLC Since
June 4, 2008
The ComVest Group has invested $20.3 million in AirTran Holdings (NYSE: AAI), a leading low fare airline headquartered in Orlando, Florida. The investment was made in the form of a $3.5 million Convertible Term Note and $16.8 million in Common Equity. AirTran is one of the largest airlines in the United States in terms of
June 1, 2008
The ComVest Group (“ComVest”), a leading West Pam Beach based private investment firm announced today that it has successfully raised $335 Million on behalf of ComVest Investment Partners III, L.P. (the “Partnership” or “ComVest III”). The Partnership held its final closing on May 30, 2008, with aggregate commitments totaling $335 million. The Limited Partners of
December 31, 2007
West Palm Beach, Florida, December 2007 – The ComVest Group has acquired Southern Comfort Conversions (“Southern Comfort”). The largest vehicle converter in the United States, the Company has both strategic alliances with automobile manufacturers, particularly General Motors, and a large dealer distribution network. Through its alliance with GM, the Company has recently secured exclusive contracts
November 1, 2007
West Palm Beach, Fl., November 1, 2007 – ComVest’s portfolio company, Averion International Corp. (OTC:AVRO) (“Averion”), today announced that it has acquired Hesperion AG (“Hesperion”), a Swiss-based, international, full-service, clinical research organization (CRO), from its parent company, Cerep SA. The €25.0 million (approximately $36.2 million) acquisition purchase price included an upfront cash payment of €20.0
October 10, 2007
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