April 20, 2007
West Palm Beach, Florida, April 2007 – The ComVest Group has provided $8.0 Million in financing in the form of a $5M term loan and a $3M revolving loan facility for AFP Imaging Corporation (“AFP”) which will be used to retire a current revolver and fund the acquisition of Quantitative Radiology (“QR”), permitting AFP to
February 22, 2007
West Palm Beach, Florida, February 2007 – The ComVest Group, through its Non-Control Fund, ComVest Capital, LLC, has provided a $5.5 Million revolving credit and term loan to LaPolla Industries, Inc. (AMEX: LPA) (“LaPolla”). The credit facility is comprised of a revolving credit facility and a term loan to provide funds for the repayment and
January 22, 2007
West Palm Beach, Florida, January 2006 – The ComVest Group has provided a $6.0 Million revolving credit and term loan to Dellacasa, LLC (“Dellacasa”) which will be used to secure additional contracts to support further growth, including expansion into new locations. About Dellacasa Organized by Mr. Paolo Della Casa in 1999 and headquartered in Miramar,
December 29, 2006
West Palm Beach, Florida, December 2006 – The ComVest Group has provided a $3.5 Million in the form of two term loans for Barrier Wall of South Florida (“Barrier Wall”) which will be used to increase the company’s bonding capacity and provide additional working capital. Barrier Wall, a highway construction service company, is well-positioned for
December 14, 2006
West Palm Beach, Florida, December 2006 – The ComVest Group has provided a $5 Million senior, secured revolving loan for Controlled Semiconductor, Inc. ComVest anticipates that the revolving note will foster Controlled Semiconductor’s growth, enabling the company to decrease the time it takes for the building and delivery of products and permitting more competitive delivery
December 8, 2006
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
November 28, 2006
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,
November 22, 2006
West Palm Beach, Florida, November 21, 2006 – The ComVest Group announced that it has provided $7.85 million in senior debt financing, through its non-control fund, ComVest Capital, to Unify Corporation (“Unify”) (OTC: UNFY.OB). Unify will use the proceeds to acquire Gupta Technologies, LLC (“Gupta”) from Halo Technology Holdings, Inc. (“Halo”). The financing is secured
October 20, 2006
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
October 16, 2006
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