Comvest Partners Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Comvest Partners has acquired 12 companies. It has also invested in 4 others.

Comvest Partners’ most common sectors for investment arehealthcare services (15%) and business services (9%) . The Firm’s most common investment types include growth capital (26%) and secondary buyout (20%). In total, Comvest Partners has invested in 22 US states and 2 different countries. Its largest (disclosed) acquisition occurred in 2012 when it acquired Tekelec Global for $780M.

In the last 3 years, Comvest Partners has exited 5 companies. The Firm’s most common exit type is trade sale (55%). Comvest Partners’ largest (disclosed) exit occurred in 2010 when it sold AirTran Airways for $1.4B.

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M&A Summary

  • M&A Total Activity102
    • M&A Buy Activity62
    • M&A Sell Activity40
  • Total Sectors Invested 31
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 57
  • M&A Advisors 13

Comvest Partners

525 Okeechobee Boulevard, Suite 1050,
West Palm Beach, Florida 33401
United States
(561) 727-2000
www.comvest.com

Comvest Partners is a private investment firm that provides equity and debt capital to middle-market companies across North America. Comvest funds a variety of investment situations, including buyouts, divestitures, recapitalizations, consolidations, take privates, and turnarounds. Sectors of interest include business services, information services, education, financial services, healthcare services, software, IT, and transportation. For equity investments, Comvest prefers control and looks to invest $50 to $150 million per transaction. For debt needs, Comvest seeks to provide $25 to $250 million per transaction. Comvest Partners was formed in 2000 and is based in West Palm Beach, Florida.


Investment Criteria

Sectors of Interest: Aerospace, Airlines, Apparel/Textiles, Beverages, Building Materials, Business Services, Communications, Construction, Consumer Products, Consumer Services, Defense, Distribution, Education, Electrical Equipment, Electronics, Financial Services, Healthcare Services, Information Technology, Internet Software and Services, Life Science, Marketing, Media, Medical Products, Metals/Mining, Restaurants, Retail, Safety/Security, Semiconductors, Software, Transportation, Utilities

Target Transaction Types: Buyout (LBO, MBO, MBI), Consolidation, Divestiture, Going Private, Growth Capital, Recapitalization, Special Situations/Distressed, Acquisition Financing, Secondary Buyout, Stake Purchase

Geographic Preferences: East US, Midwest US, South US, West US, Canada

Transaction Criteria Min Max
Target Revenue 50 1,000
Target EBITDA - -
Investment Size 50 150
Enterprise Value 75 400
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (3.4/yr) # 45 1 4 5 2 5 62
vol $801M $801M
Sell (1.2/yr) # 34 1 2 2 1 - 40
vol $2.1B $1.1B $3.2B
  102

Most Recent M&A

Company Date Value Type
Bland Landscaping Co., Inc. 2024-12-11 - Recapitalization
Apex, North Carolina · www.blandlandscaping.com
BAF Management Services LLC 2024-11-04 - Secondary Buyout
Cary, North Carolina · www.brushandfloss.com
Seatex LLC 2024-10-28 - Secondary Buyout
Rosenberg, Texas · www.seatexcorp.com
TFS Global 2024-07-15 - Divestiture
Perrysburg, Ohio · www.tfsglobal.com
SH Franchising LLC 2024-03-21 - Divestiture
Towson, Maryland · www.seniorhelpers.com
Northern Star Holdings, Inc. 2023-10-30 1.1B USD Trade Sale
Iron Mountain, Michigan · www.systemscontrol.com
ClearOne Advantage LLC 2023-09-11 - Growth Capital
Baltimore, Maryland · www.clearoneadvantage.com
Your Behavioral Health 2023-06-27 - Buyout (LBO, MBO, MBI)
Torrance, California · www.yourbehavioralhealth.com
Flash Global 2022-12-15 - Secondary Buyout
Parsippany, New Jersey · www.flashglobal.com
Duke’s Root Control, Inc. 2022-12-13 - Divestiture
Elgin, Illinois · www.dukes.com
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Healthcare Services 3 (14%) - 9 (15%) -
Business Services 3 (14%) - 5 (8%) -
Consumer Products 2 (9%) - 3 (5%) -
Distribution 1 (5%) - 3 (5%) -
E-Commerce 1 (5%) - 3 (5%) -
Information Technology - - 3 (5%) -
Retail 1 (5%) - 3 (5%) -
Software - - 2 (3%) 780M (97%)
Transportation 1 (5%) - 2 (3%) 21M (3%)
Airlines - - 2 (3%) -
Chemicals 2 (9%) - 2 (3%) -
Environmental 2 (9%) - 2 (3%) -
Financial Services 1 (5%) - 2 (3%) -
Internet Software and Services - - 2 (3%) -
Marketing 1 (5%) - 2 (3%) -
Semiconductors - - 2 (3%) -
Beverages - - 1 (2%) -
Building Materials - - 1 (2%) -
Communications - - 1 (2%) -
Consumer Services - - 1 (2%) -
Education - - 1 (2%) -
Engineering 1 (5%) - 1 (2%) -
Franchising 1 (5%) - 1 (2%) -
Life Science - - 1 (2%) -
Machinery - - 1 (2%) -
Manufacturing - - 1 (2%) -
Media - - 1 (2%) -
Medical Products 1 (5%) - 1 (2%) -
Metals/Mining - - 1 (2%) -
Restaurants 1 (5%) - 1 (2%) -
Safety/Security - - 1 (2%) -
Total 22 - 62 $801M

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 21 (95%) - 61 (98%) 801M (100%)
  Florida - - 8 (13%) -
  New York 2 (9%) - 6 (10%) -
  North Carolina 3 (14%) - 5 (8%) 780M (97%)
  California 2 (9%) - 5 (8%) -
  Texas 1 (5%) - 5 (8%) 21M (3%)
  Tennessee 2 (9%) - 4 (6%) -
  Pennsylvania 3 (14%) - 3 (5%) -
  Alabama 2 (9%) - 3 (5%) -
  Massachusetts - - 3 (5%) -
  Colorado - - 3 (5%) -
  Maryland 2 (9%) - 2 (3%) -
  Illinois 1 (5%) - 2 (3%) -
  Nevada - - 2 (3%) -
  Minnesota - - 2 (3%) -
  Ohio 1 (5%) - 1 (2%) -
  New Jersey 1 (5%) - 1 (2%) -
  Washington - - 1 (2%) -
  Virginia - - 1 (2%) -
  South Carolina - - 1 (2%) -
  Michigan - - 1 (2%) -
  Georgia - - 1 (2%) -
Canada 1 (5%) - 1 (2%) -
  Ontario 1 (5%) - 1 (2%) -
Domestic 21 (95%) - 61 (98%) 801M (100%)
Cross-border 1 (5%) - 1 (2%) -
Total 22 - 62 $801M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Growth Capital 4 (18%) - 16 (26%) -
Buyout (LBO, MBO, MBI) 4 (18%) - 12 (19%) -
Secondary Buyout 9 (41%) - 12 (19%) -
Divestiture 3 (14%) - 7 (11%) -
Recapitalization 2 (9%) - 5 (8%) -
PIPE - - 4 (6%) 21M (3%)
Venture - - 3 (5%) -
Special Situations/Distressed - - 2 (3%) -
Going Private - - 1 (2%) 780M (97%)
Total 22 - 62 $801M

Exits by Deal Type

Type Total # Value
Trade Sale 13 (33%) -
Trade Sale - Public Company 9 (23%) 3.1B (98%)
Bankruptcy 5 (13%) -
Secondary Sale 5 (13%) -
Recapitalization 3 (8%) -
Merger 2 (5%) 25M (1%)
Divestiture 1 (3%) 40M (1%)
IPO 1 (3%) -
Unknown 1 (3%) -
Total 40 $3.2B

Top M&A Advisors

Financial Deals
Raymond James - Investment Banking
2
Kroll
1
Baird
1
Legal Deals
McDermott Will & Emery
12
Akerman
5
Kirkland & Ellis
1

Deal Values

buy # Total
$100M to $1B 1 $780M
< $100M 1 $21M
TOTAL $801M
Largest Tekelec Global, Inc.
$780M (2012-01-27)
sell # Total
> $1B 2 $2.5B
$100M to $1B 3 $616M
< $100M 2 $65M
TOTAL $3.2B
Largest AirTran Airways, Inc.
$1.4B (2010-09-27)

M&A Connections

Deals
Acquired from
Investor(s)
21%
13 (21%)
Strategic(s)
11%
7 (11%)
Exited to
Investor(s)
18%
7 (18%)
Strategic(s)
63%
25 (63%)

FAQ

When was Comvest Partners founded?

Comvest Partners was founded in 2000.

What type of investor is Comvest Partners?

Comvest Partners is a private equity firm.

Where is Comvest Partners headquartered?

Comvest Partners is headquartered in West Palm Beach, Florida.

How much capital does Comvest Partners have under management?

Comvest Partners has 7.7B USD under management.

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