Private Equity
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Partnership for the Middle Market
Comvest Private Equity pursues control investments in leading middle-market companies that can benefit from the strategy’s financial sponsorship, strategic guidance, and operating resources to build businesses for lasting growth. Committed to the principles of partnership and collaboration, Comvest Private Equity’s investment professionals bring deep industry expertise, significant transaction experience, and a broad network of industry relationships to their work with management to execute strategic initiatives focused on driving growth and operational improvement in the core business.
Investment Size
- $40 million to $150 million+ investment per transaction
- $75 million to $400 million of enterprise value
- Flexibility to pursue larger transactions with LP co-investment
Financial Profile
- EBITDA greater than $7 million
- Revenue between $40 million and $1 billion
- Profitability is not a requirement
- No minimum revenue for add-ons
Target Industries
- Consumer
- Healthcare Services
- Infrastructure & Field Services
- Professional & Managed Services
Transaction Types
- Corporate divestitures
- Buyouts of institutional, family, or strategic ownership
- Public-to-private transactions
- Complex transactions and turnarounds
- De novo growth, acquisition roll-ups, and industry consolidations
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Business & Financial Services
Provider of Commercial Landscaping Services
Bland Landscaping (Bland) is a leading provider of premium commercial landscaping services in North and South Carolina, serving homeowners associations, multifamily properties, Class A offices, industrial centers, municipalities and other end markets. The company provides horticultural landscaping and grounds management work as well as contract care of memorial gardens, parks, and estate grounds. Bland has been recognized with numerous industry awards and noted for its commitment to the industry and to local communities.
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Healthcare Services
Dental Service Organization
Riccobene Associates Family Dentistry is a leading DSO platform facilitating high-quality general and multi-specialty dental services across North Carolina, Virginia and South Carolina. Through its state-of-the-art facilities in the Southeast, best-in-class clinical teams, and patient-centric approach to care, Riccobene provides comprehensive and individualized care across its clinics.
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Healthcare Services
Provider of Behavioral Health Services
Your Behavioral Health is a behavioral health services platform that provides comprehensive services for adults and teens across the continuums of mental health and addiction treatment. Your Behavioral Health offers specialized residential, inpatient and outpatient programs for depression, anxiety, trauma-related issues, addiction and other mental health conditions. Its family of brands includes Clear Recovery Center, New Life House, and Neuro Wellness Spa.
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Business & Financial Services
Provider of Global Supply Chain Services
Flash Global provides service supply chain solutions to high technology companies across diverse end markets. The company’s offering encompasses global trade services, state-of-the-art customer support technology, and warehousing and distribution services for mission-critical equipment and parts. Flash Global’s customers include Fortune 500 companies as well as leading and emerging technology brands.
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Industrials
Provider of Infrastructure Services
Duke’s is a leading national provider of environmental services for the critical needs of municipal sewer systems. Duke’s is the market leader in chemical root control application, providing effective, environmentally-safe services that prevent sewer blockages from tree root intrusions. Duke’s is also a leading provider of sanitary sewer evaluation services that help extend the life of critical sewer infrastructure assets. Duke’s serves cities across the United States through a network of expert technician crews supported by a dedicated fleet of specialized equipment.
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Industrials
Provider of Engineering and Consulting Services
GAI delivers award-winning engineering, planning, and environmental expertise to the power and energy, transportation, development, government, and industrial markets. GAI serves global companies, local firms, and large government agencies, offering a unique blend of professional consulting disciplines and local experts from locations across the Mid-Atlantic, Midwest, Southeast, and Texas.
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Consumer & Retail
E-commerce Retailer of Home Improvement Products
Renovation Brands is a pioneer in the online home improvement products sector. The direct-to-consumer e-commerce company operates a platform of distinct e-commerce destinations spanning categories such as kitchen and bath, decorative finishes, and hearth and patio. Renovation Brands serves consumers as well as professionals, including builders, architects, designers, and property managers, in residential and commercial projects.
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Business & Financial Services
Provider of Digital Affiliate Marketing Services
Gen3 Marketing is a multinational digital and affiliate marketing services firm serving clients throughout North America and Europe. The world’s largest affiliate marketing agency, Gen3 Marketing manages the affiliate and digital marketing programs of leading online retailers spanning diverse end markets, including financial services, health and wellness, apparel and accessories, and home and garden. Gen3 Marketing is the recipient of 40 industry awards, including 18 Agency of the Year awards.
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Healthcare Services
Provider of Outsourced Dental Solutions
Leixir Dental Laboratory Group is a global dental lab network and training partner providing dental service organizations and independent practices with a complete range of dental products, digital capabilities, and proprietary end-to-end case management.
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Industrials
Manufacturer of Tissue and Paper Products
The von Drehle Corporation is a leading manufacturer of paper tissue, towels and other paper products for the away-from-home market.
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Industrials
Manufacturer of Specialty Phosgene Chemicals
VanDeMark Chemical is one the world’s largest, independent manufacturers of phosgene derivatives used to produce agrochemicals, pharmaceuticals, adhesives, coatings, plastics, electronics, personal care items, flame retardants and other products for the global pharmaceutical, agricultural, personal care, polymer and fine chemical industries.
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Consumer & Retail
Provider of Craft Textile Products
Spinrite is a leading North American company and marketer of craft yarns, consumer sewing thread and other textile and crafting products.
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Industrials
Manufacturer of Turnkey Control Systems for Energy Transport
Systems Control designs and manufactures turnkey control systems that are involved in the protection and control of transmission and distribution assets used in the transport of energy from the source to the grid, and ultimately the consumer.
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Business & Financial Services
Provider of Employee Engagement Solutions
Engage2Excel is a leading provider of employee engagement, recognition, sales incentives, talent acquisition and consumer loyalty solutions and services.
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Consumer & Retail
Manufacturer of Home Comfort Products
Lasko is a market-leading manufacturer of high-performance home comfort products such as portable fans, portable heaters, air purifiers and humidifiers.
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Consumer & Retail
E-Commerce Retailer of Promotional Products
BEL USA is a printer and online retailer of customized promotional products, including mugs, drinkware, t-shirts, tote bags, pens and other printed items. BEL USA primarily sells its products online to both corporate customers and consumers through its websites DiscountMugs.com and Branders.com.
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Consumer & Retail
Retailer of Home Décor Products
Old Time Pottery is a retailer of decorative home products. Old Time Pottery offers home decor products, kitchen tools, dinnerware, bedding accessories, outdoor furniture and general merchandise.
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Business & Financial Services
Provider of Aftermarket Replacement Parts
Encompass is a supplier of OEM-approved replacement parts, and primarily serves the home appliance, consumer electronics, computing, personal care, and HVAC end markets.
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Consumer & Retail
Retailer of Fine Jewelry
Robbins Brothers is a jewelry retailer focusing on the engagement and bridal markets.
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Industrials
Manufacturer of Hearths and Fireplaces
Innovative Hearth Products is a manufacturer of indoor and outdoor gas and wood burning fireplaces, stoves, and hearth venting products.
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Consumer & Retail
E-commerce Retailer of Home Decor Products
RugsUSA is an e-commerce retailer and supplier of area rugs and other home décor products.
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Healthcare Services
Provider of Primary Care Physician Services
IMC Health is a provider of primary care and specialty physician services to Medicare, Medicaid and commercial populations.
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Healthcare Services
Provider of Durable Medical Equipment
Duramedic is a provider of durable medical equipment to hospitals and health systems.
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Healthcare Services
Provider of Residential Health Services
D&S Community Services is a provider of residential and community-based services to individuals with intellectual and developmental disabilities. The company’s services include supported group home living, intermediate care facilities, foster care, in-home support, day habilitation programs, specialty therapy and nursing.
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Healthcare Services
Provider of Care Management Services
AxisPoint Health is a provider of care management services to payers and other risk-bearing entities. The company’s offerings include complex and chronic case management services, nurse advisory services, and a care management software platform used by payers to manage utilization, disease, and case management services in-house.
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Business & Financial Services
Provider of Fire Safety and Security Services
Red Hawk Fire & Security is a provider of fire safety and integrated security installation, maintenance, and monitoring services to diverse end markets including financial services, healthcare, education, commercial buildings, and manufacturing.
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Transportation & Logistics
Provider of Outsourced Logistics Services
Suntecktts is a full service, transportation logistics provider that operates through a network of agent based freight brokers. Suntecktts provides technology and logistics services for independent asset and non-asset based brokerage agents.
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Industrials
Manufacturer of Pipe System Infrastructure Products
U.S. Pipe is a manufacturer of ductile iron pipe, fittings and joint restraints used in drinking water and wastewater systems and sold to waterworks distributors, contractors and private water companies.
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Consumer & Retail
Operator of Supermarkets
Haggen, Inc. is an operator of supermarkets with pharmacies in Washington and Oregon. The company operates higher end stores with a focus on quality meat, produce, and baked goods.
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Transportation & Logistics
Provider of Technology-Enabled Transportation Services
GroundLink is a provider of transportation and technology services across the United States. The company provides point-to-point chauffeured services to the corporate and retail segments as well as a technology platform enabling mobile ordering and fleet level transportation management services.
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Business & Financial Services
Provider of Technology-Enabled Marketing Services
Cartera Commerce, Inc. is a provider of technology-enabled marketing and loyalty solutions, primarily for managing or enhancing rewards programs for financial institutions, merchants/retailers, and airlines.
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Healthcare Services
Provider of Healthcare Technology Services
Convey Health Solutions is a provider of specialized healthcare technology and services that is committed to providing clients with healthcare-specific, compliant member support solutions utilizing technology, engagement, and analytics.
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Business & Financial Services
Provider of Payment Processing Services
Priority Holdings, LLC is a credit and debit card payments processing provider to small- and mid-sized brick and mortar and e-commerce merchants.
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Consumer & Retail
For-Profit Provider of Post-Secondary Education
EVCI Career Colleges Holding Corp is a for-profit provider of career-oriented, post-secondary education. EVCI owns Technical Career Institute (“TCI”), which is based in New York City and offers programs leading to associate degrees and certificates.
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Business & Financial Services
Provider of Technology-Enabled Telecommunications Services
Tekelec is a software as a service provider of signaling solutions for the mobile telecommunications market with business units focused on SS7 signaling, session, policy and subscriber management for 4G/LTE networks.
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Healthcare Services
Owner and Operator of Urgent Care Facilities
FastMed Urgent Care is an owner and operator of urgent care facilities focusing on the delivery of non-appointment based medicine to the non-emergency patient market.
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TMT
Provider of Digital Identify Assurance Services
ActivIdentity Corporation is a provider of digital identity assurance solutions for the enterprise, government, healthcare, and financial services markets worldwide for employer-to-employee, business-to-customer and government-to-citizen solutions.
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Transportation & Logistics
Provider of Transportation and Logistics Services
Velocity Express is a provider of same-day delivery and logistics services. Velocity operates primarily in the United States. Its core service offerings include specialized last-mile delivery, pool distribution, time critical movements and postal insertion.
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Transportation & Logistics
Provider of Transportation and Logistics Services
Allied Systems is a motor carrier in North America specializing in the delivery of automobiles and light trucks. Allied transports automobiles and light trucks for all major domestic and foreign manufacturers primarily from manufacturing plants, rail ramps, ports and auction to automobile dealers throughout the United States and Canada.
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Consumer & Retail
Provider of E-Learning and Training Services
Critical Information Network is a provider of e-learning and training solutions to the industrial, healthcare and public safety markets.
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Healthcare Services
Provider of Drug Development Services
PharmaNet is a international contract research organization providing drug development services to pharmaceutical, biotechnology, generic drug and medical device companies around the world. The company has both early stage and late stage clinical development.
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Transportation & Logistics
Provider of Airline Transportation Services
AirTran Holdings, Inc., through its subsidiary, AirTran Airways, Inc., was a provider of scheduled airline services in the United States. It operated scheduled airline service primarily in short-haul markets in the eastern United States, with flights originating and terminating at its hub in Atlanta.
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Transportation & Logistics
Provider of Aftermarket Automotive Services
Southern Comfort Conversions, Inc. is an aftermarket reseller and integrator of automotive enhancements in the United States. The company enhances stock automobiles with proprietary parts, custom paint jobs and other accessories.
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Industrials
Dealer of Heavy Equipment
Hi-Way/Equipment Support Services was a full-service dealer and renter of multiple lines of new and used heavy equipment to the construction and agricultural industries. The company also offered ancillary services, including parts sales and equipment repair and maintenance services.
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Healthcare Services
Provider of Rehabilitation Therapy Services
Accelerated Care Plus is a leading provider of non-invasive rehabilitation solutions to skilled nursing facilities in the United States. The company’s clinical solutions combine proprietary medical devices with treatment protocols and on-site education.
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Healthcare Services
Provider of Biomedical Research Technologies
Sequenom Inc. is a provider of genetic analysis products that translate genomic science into solutions for biomedical research and molecular medicine.
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Healthcare Services
Provider of Biopharmaceutical and Medical Device Services
Aptiv Solutions is a global biopharmaceutical and medical device development company that provides a portfolio of innovative services including adaptive trial design, early phase product strategy, regulatory services, pharmacovigilance, clinical resourcing and the operational support of a global clinical research organization.
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Transportation & Logistics
Provider of Air Travel Services
Allegiant Travel Co. is a niche provider of non-stop low-cost air service, hotel, rental cars, and other ancillary services to major leisure destinations in underserved markets.
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Healthcare Services
Manufacturer of Mammography Digital Imaging Products
Fischer Imaging Corporation is a designer, manufacturer, and seller of a full-field digital imaging product used in the diagnosis of breast cancer and a biopsy system used in diagnosis confirmation. The company also sells electrophysiology, X-ray and surgery assist products to the general radiology and surgery markets.
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TMT
Provider of Business Performance Software Solutions
CorVu provides business intelligence and enterprise performance management solutions that help customers transform high volumes of raw data into meaningful information to achieve strategic objectives and improve business performance.
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TMT
Provider of Supply Chain Services
Zomax is a provider of various supply chain services, including teleservices, order processing, billing services, e-commerce and sourcing services.
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TMT
Provider of Business Process Automation Services
Commerce One, Inc. is a technology company that specializes in software and services that allow companies to conduct business more efficiently through business process automation and web service solutions.
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TMT
Provider of Supply Chain Performance Software and Services
Catalyst International, Inc. is a provider of customer-driven software and services that optimize supply chain performance. The company offers a suite of supply chain execution software products and services that help its customers manage efficient supply chain networks, add value to the supply chain and minimize risks to mission-critical operations.
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Maneesh Chawla
Managing Partner
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Marshall Griffin
Partner
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Matthew Kunz
Partner
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Kevin LaHatte
Partner
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Andrew Shear
Principal
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Eric Shields
Principal
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Alex Ray
Managing Director, Business Development
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Alex Andruskevich
Vice President
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Logan Blignaut
Vice President
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Krishna Bhadriraju
Vice President
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Derek Katchis
Vice President, Business Development
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Nick Noglows
Vice President
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Dylan French
Senior Associate
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Stephanie Tack
Senior Associate, Business Development
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Ian Cupello
Associate
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Patrick Hogan
Associate
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Patrick Hood
Associate
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George Mika
Associate