Comvest Partners has completed its acquisition of AutoInfo, a provider of non-asset based transportation services.
AutoInfo operates in two business segments, non-asset based transportation services and agent support services. The non-asset based transportation services segment includes its brokerage and contract carrier services which are provided through a network of independent sales agents throughout the United States and Canada. The agent support services segment includes interest bearing long-term loans, leases, non-interest bearing short-term loans, as well as other services including training, margin analysis, marketing assistance, industry and market segment data and business analysis tools. The company is based in Boca Raton (www.suntecktransportgroup.com).
The Comvest Group provides debt and equity to middle-market companies. For debt investments the firm will invest from $2 million to $20 million per transaction in companies with $10 million to $200 million of revenue that have positive or negative EBITDA. For equity investments the firm will invest from $10 million to $50 million per transaction in companies with $15 million to $500 million of revenue that have positive or negative EBITDA. Since 2000, Comvest has invested more than $1.6 billion of capital in over 110 public and private companies worldwide. The firm is based in West Palm Beach (www.comvest.com).
Stephens, Inc. acted as financial advisor to AutoInfo. Roetzel & Andress, and Morse, Zelnick, Rose & Lander acted AutoInfo’s legal advisors. McDermott Will & Emery acted as legal advisors to Comvest.
© 2013 PEPD • Private Equity’s Leading News Magazine • 4-26-13
