Comvest Credit Partners, a provider of flexible direct financing solutions to middle-market companies, is acting as administrative agent and is the sole lender on a senior secured credit facility to support the acquisition of TFS by Southfield Capital.
“TFS occupies a growing segment of the materials handling market, offering critical value-added services to a deeply rooted customer base,” Joe Higginbotham, a managing director at Comvest, said. “Comvest was pleased to leverage our sector and specialty finance expertise to structure a supportive facility for the acquisition. We look forward to continuing to build our relationship with Southfield Capital, which brings deep knowledge of the management team and the business as a previous investor in the company.”
“We had a terrific experience working with Comvest,” Andy Cook, a partner of Southfield Capital, said. “Comvest delivered a complete financing solution that enabled us to move quickly to execute a complex M&A transaction involving a corporate carve-out. We look forward to supporting TFS as the company continues to deliver excellent outcomes for customers while growing and expanding its service offering.”
