Comvest Partners Leads Management-Backed Recapitalization of Encompass Supply Chain Solutions

Parts Town Acquires Encompass Supply Chain Solutions

April 5, 2022

Logistics & Distribution

Parts Town has acquired Encompass Supply Chain Solutions, a national distributor of OEM repair parts and provider of supply-chain and repair services for home products. Encompass, headquartered near Atlanta and generating roughly $200 million in revenue with ~250 employees and six distribution facilities, was previously a platform in Comvest Partners' portfolio; financial terms were not disclosed.

Cove Hill Partners Makes Strategic Investment in Encompass Technologies

February 23, 2022

Cloud & SaaS

Encompass Technologies, a provider of cloud-based ERP, eCommerce, and analytics software for the beverage and food supply chain, has received a strategic growth investment from Cove Hill Partners to support product innovation and accelerate growth. Existing investor Radian Capital will remain a partner as Encompass expands its Connect product family and broader cloud offerings.

Comvest Partners Recapitalizes Renovation Brands

December 2, 2021

E-Commerce

Comvest Partners led a strategic recapitalization of Renovation Brands, a multi-brand direct-to-consumer e-commerce platform for home improvement products. Digital Fuel Capital, founder Rick Morse and Renovation Brands' management remain significant investors as Comvest provides capital and operational support to drive organic growth and further add-on acquisitions.

Main Street Capital Recapitalizes Compass Systems & Sales, LLC

November 28, 2023

Industrial Services

Main Street Capital Corporation provided $24.7 million in senior secured debt and a direct equity investment to recapitalize Compass Systems & Sales, LLC. The funding, made alongside an unnamed co-investor and the company's existing owner and management team, will support Compass's operations and long-term growth in material handling systems and services.

New State Capital Partners Recapitalizes Global Holdings

October 15, 2019

Payments & Fintech

New State Capital Partners completed a recapitalization of Global Holdings (Global Holdings Acquisition, LLC) supported by a senior credit facility arranged by Comvest Credit Partners. Global Holdings is a payment and account processing provider to the U.S. consumer debt settlement industry and was highlighted for its recurring revenue and long-standing client relationships.

Sentinel Capital Partners Recapitalizes TranSystems

April 1, 2021

Engineering Services

Sentinel Capital Partners completed a recapitalization of TranSystems, a U.S.-based provider of engineering, architectural, and design consulting solutions for transportation infrastructure. The transaction will support TranSystems' growth strategy — including organic expansion and acquisitive opportunities — while current CEO Richard Morsches remains in place; terms were not disclosed.