Comvest Partners Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Comvest Partners has acquired 10 companies. It has also invested in 4 others.

Comvest Partners’ most common sectors for investment arehealthcare services (15%) and business services (7%) . The Firm’s most common investment types include growth capital (27%) and buyout (lbo, mbo, mbi) (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 Activity100
- M&A Buy Activity60
- M&A Sell Activity40
Total Sectors Invested 30
Total Countries Invested 2
M&A Buy/Sell Connections 57
M&A Advisors 12

Comvest Partners

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

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

Transaction Criteria

Min

Max

Target Revenue

1,000

Target EBITDA

Investment Size

150

Enterprise Value

400

values in millions of USD

Year	≤ '19	'20	'21	'22	'23	'24	T
Buy (3.0/yr)	#	45	1	4	5	2	3	60
vol	$801M						$801M
Sell (1.2/yr)	#	34	1	2	2	1	-	40
vol	$2.1B				$1.1B		$3.2B
	100

Year

≤ '19

'20

'21

'22

'23

'24

Buy (3.0/yr)

vol

$801M

Sell (1.2/yr)

vol

$2.1B

$1.1B

$3.2B

100

Company	Date	Value	Type
BAF Management Services LLC	2024-11-04	-	Secondary Buyout
Cary, North Carolina · www.brushandfloss.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
Bradford Health Services LLC	2022-10-28	-	Secondary Buyout
Birmingham, Alabama · www.bradfordhealth.com
GAI Consultants, Inc.	2022-10-13	-	Growth Capital
Homestead, Pennsylvania · www.gaiconsultants.com
View All >>

Company

Date

Value

Type

BAF Management Services LLC

2024-11-04

Secondary Buyout

Cary, North Carolina · www.brushandfloss.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

Bradford Health Services LLC

2022-10-28

Secondary Buyout

Birmingham, Alabama · www.bradfordhealth.com

GAI Consultants, Inc.

2022-10-13

Growth Capital

Homestead, Pennsylvania · www.gaiconsultants.com

View All >>

Sector	Current #	Value	All-time #	Value
Healthcare Services	3 (15%)	-	9 (15%)	-
Business Services	2 (10%)	-	4 (7%)	-
Consumer Products	2 (10%)	-	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%)	-
Consumer Services	1 (5%)	-	2 (3%)	-
Environmental	2 (10%)	-	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%)	-
Chemicals	1 (5%)	-	1 (2%)	-
Communications	-	-	1 (2%)	-
Education	-	-	1 (2%)	-
Engineering	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	20	-	60	$801M

Sector

Current #

Value

All-time #

Value

Healthcare Services

3 (15%)

9 (15%)

Business Services

2 (10%)

4 (7%)

Consumer Products

2 (10%)

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%)

Consumer Services

1 (5%)

2 (3%)

Environmental

2 (10%)

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%)

Chemicals

1 (5%)

1 (2%)

Communications

1 (2%)

Education

1 (2%)

Engineering

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

$801M

State/Country	Current #	Value	All-time #	Value
United States	19 (95%)	-	59 (98%)	801M (100%)
	Florida	-	-	8 (13%)	-
	New York	2 (10%)	-	6 (10%)	-
	California	2 (10%)	-	5 (8%)	-
	North Carolina	2 (10%)	-	4 (7%)	780M (97%)
	Tennessee	2 (10%)	-	4 (7%)	-
	Texas	-	-	4 (7%)	21M (3%)
	Pennsylvania	3 (15%)	-	3 (5%)	-
	Alabama	2 (10%)	-	3 (5%)	-
	Massachusetts	-	-	3 (5%)	-
	Colorado	-	-	3 (5%)	-
	Maryland	2 (10%)	-	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	19 (95%)	-	59 (98%)	801M (100%)
Cross-border	1 (5%)	-	1 (2%)	-
Total	20	-	60	$801M

State/Country

Current #

Value

All-time #

Value

United States

19 (95%)

59 (98%)

801M (100%)

Florida

8 (13%)

New York

2 (10%)

6 (10%)

California

2 (10%)

5 (8%)

North Carolina

2 (10%)

4 (7%)

780M (97%)

Tennessee

2 (10%)

4 (7%)

Texas

4 (7%)

21M (3%)

Pennsylvania

3 (15%)

3 (5%)

Alabama

2 (10%)

3 (5%)

Massachusetts

3 (5%)

Colorado

3 (5%)

Maryland

2 (10%)

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

19 (95%)

59 (98%)

801M (100%)

Cross-border

1 (5%)

1 (2%)

Total

$801M

Type	Current #	Value	All-time #	Value
Growth Capital	4 (20%)	-	16 (27%)	-
Buyout (LBO, MBO, MBI)	4 (20%)	-	12 (20%)	-
Secondary Buyout	8 (40%)	-	11 (18%)	-
Divestiture	3 (15%)	-	7 (12%)	-
PIPE	-	-	4 (7%)	21M (3%)
Recapitalization	1 (5%)	-	4 (7%)	-
Venture	-	-	3 (5%)	-
Special Situations/Distressed	-	-	2 (3%)	-
Going Private	-	-	1 (2%)	780M (97%)
Total	20	-	60	$801M

Type

Current #

Value

All-time #

Value

Growth Capital

4 (20%)

16 (27%)

Buyout (LBO, MBO, MBI)

4 (20%)

12 (20%)

Secondary Buyout

8 (40%)

11 (18%)

Divestiture

3 (15%)

7 (12%)

PIPE

4 (7%)

21M (3%)

Recapitalization

1 (5%)

4 (7%)

Venture

3 (5%)

Special Situations/Distressed

2 (3%)

Going Private

1 (2%)

780M (97%)

Total

$801M

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

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

$3.2B

Financial	Deals
Raymond James - Investment Banking	2
Stifel, Nicolaus & Co., Inc.	1
Robert W. Baird & Co., Inc.	1

Financial

Deals

Raymond James - Investment Banking

Stifel, Nicolaus & Co., Inc.

Robert W. Baird & Co., Inc.

Legal	Deals
McDermott Will & Emery	12
Akerman	4
Kirkland & Ellis	1

Legal

Deals

McDermott Will & Emery

Akerman

Kirkland & Ellis

buy	#	Total
$100M to $1B	1	$780M
< $100M	1	$21M
TOTAL	$801M
Largest	Tekelec Global, Inc. $780M (2012-01-27)

buy

Total

$100M to $1B

$780M

< $100M

$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)

sell

Total

> $1B

$2.5B

$100M to $1B

$616M

< $100M

$65M

TOTAL

$3.2B

Largest

AirTran Airways, Inc.
$1.4B (2010-09-27)

		Deals
Acquired from
Investor(s)	18%	11 (18%)
Strategic(s)	12%	7 (12%)
Exited to
Investor(s)	18%	7 (18%)
Strategic(s)	63%	25 (63%)

Deals

Acquired from

Investor(s)

11 (18%)

Strategic(s)

7 (12%)

Exited to

Investor(s)

7 (18%)

Strategic(s)

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.

Comvest Partners Mergers and Acquisitions Summary

Private Equity Firm Profile

M&A Summary