Comvest Credit Partners Provides Financing to Support Acquisition of TFS
Summary
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Comvest Credit Partners (“Comvest”), a leading provider of flexible direct financing solutions to middle-market companies, is pleased to announce that it is acting as Administrative Agent and is the Sole Lender on a senior secured credit facility (the “Financing”) to support the acquisition of TFS, Ltd. (“TFS”), by Southfield Capital. TFS is a leading independent provider of turnkey fleet management services for material handling assets such as forklifts and automated guided vehicles, serving Fortune 1000 and large manufacturing and distribution companies throughout North America. “TFS occupies a growing segment of the materials handling market, offering critical value-added services to a deeply rooted customer base,” said Joe Higginbotham, a Managing Director at Comvest. “Comvest delivered a complete financing solution that enabled us to move quickly to execute a complex M&A transaction involving a corporate carve-out. Southfield Capital is a private equity firm that invests in high-growth, lower middle market companies in the outsourced business services sector.
Classifications
AskAI Classifications
LabelsLinked Companies
