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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

  • $50 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
Active

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.

Active

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.

Active

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.

Active

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.

Active

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.

Active

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.

Active

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.

Active

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.

Active

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.

Realized

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.

Realized

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.

Active

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.

Realized

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.

Active

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.

Active

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.

Realized

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.

Realized

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.

Realized

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.

Realized

Consumer & Retail

Retailer of Fine Jewelry

Robbins Brothers is a jewelry retailer focusing on the engagement and bridal markets.

Realized

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.

Realized

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.

Realized

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.

Realized

Healthcare Services

Provider of Durable Medical Equipment

Duramedic is a provider of durable medical equipment to hospitals and health systems.

Realized

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.

Realized

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.

Realized

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.

Realized

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.

Realized

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.

Realized

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.

Realized

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.

Realized

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.

Realized

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.

Realized

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.

Realized

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.

Realized

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.

Realized

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.

Realized

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.

Realized

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.

Realized

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.

Realized

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.

Realized

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.

Realized

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.

Realized

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.

Realized

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.

Realized

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.

Realized

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.

Realized

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.

Realized

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.

Realized

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.

Realized

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.

Realized

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.

Realized

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.

Realized

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.

Maneesh Chawla

Managing Partner

Roger Marrero

Senior Partner

Matthew Kunz

Principal

Andrew Shear

Principal

Eric Shields

Principal

Alex Ray

Director, Business Development

Alex Andruskevich

Vice President

Logan Blignaut

Vice President

Krishna Bhadriraju

Vice President

Derek Katchis

Vice President, Business Development

Nick Noglows

Vice President

Dylan French

Senior Associate

Ian Cupello

Associate

Patrick Hogan

Associate

Patrick Hood

Associate

Ojas Jangada

Associate

George Mika

Associate

Stephanie Tack

Associate, Business Development