Comvest Credit Partners, a provider of flexible direct financing solutions to middle-market companies, acted as administrative agent and is the sole lender on a senior secured credit facility for Aspire General, a Rancho Cucamonga, CA-based non-standard automobile insurance platform. The investment supports the refinancing of Aspire’s existing debt, provides a dividend payment to owners and helps fund the company’s growth capital needs.
“Aspire has a solid track record of profitability and growth, supported by a strong and experienced leadership team,” Charlie Asfour, partner at Comvest Credit Partners, said. “Its use of technology, including the Apex platform and AI-driven tools, reflects a modern approach to insurance operations we believe strongly positions the company for continued and sustainable growth.”
“We appreciate TAG Financial for introducing this opportunity and valued the chance to collaborate closely with the Aspire team to structure a responsive financing solution aligned with their strategic growth objectives,” Jack Wyatt, a principal at Comvest Credit Partners, said. “Aspire has demonstrated consistent success in a complex market, and we look forward to supporting the company as it continues to scale.”
“Comvest Credit Partners drew on its credit investment expertise and deep understanding of the insurance and technology sectors to deliver a flexible financing solution tailored to our unique capital needs,” Byron Storms, CEO of Aspire, said. “They acted swiftly and effectively, navigating a multi-layered transaction process to support our next phase of growth.”
