Comvest Partners provided $16 million in financing to Acuity Eye Specialists. Based in Pasadena, California, Acuity is an eye care services provider.
West Palm Beach, FL – January 2017 – Comvest Partners, through its Comvest Capital (“Comvest”) lending strategy, has acted as Administrative Agent in providing a $16 million Term Loan and Revolver to Acuity Eye Specialists (“Acuity” or the “Company”), a vertically integrated provider of eye care services with over 40 clinics in Southern California. The financing was used to repay debt as well as support future add-on acquisitions.
“We are pleased to partner with Comvest as we position our Company for the future,” said Dr. Mike Samuel, Medical Director of Acuity. “We look forward to working closely with Comvest as we expand our footprint organically and through future acquisitions.”
“We are impressed with the management team at Acuity and pleased to support the Company with their growth plans. They are well positioned in the markets they serve and have a strong reputation in the industry,” said Jason Gelberd, Partner at Comvest.
About Acuity Eye Specialists:
Acuity Eye Specialists, founded in 2005, is a medical group providing vertically integrated eye care services. Acuity is headquartered in Pasadena, California, and currently operates out of 42 clinics throughout Southern California. For more information, please visit their website www.acuityspecialists.com.
About Comvest Partners:
Comvest Partners is a private investment firm providing equity and debt capital to middle-market companies across the U.S. Since its founding in 2000, the firm has invested over $2.4 billion in over 140 companies. Today, Comvest’s funds have $2.3 billion of assets under management. Through our extensive capital resources and broad network of industry relationships, we offer our companies financial sponsorship, critical strategic and operational support, and business development assistance.