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 $153 million senior secured credit facility (the “Financing”) for Pro Food Solutions (“Pro Food”, or the “Company”), a Richmond, Calif.-based distributor and supplier of food products to the U.S. military market. The Financing supports a dividend recapitalization of the business, as well as organic and acquisitive growth. Pro Food is a portfolio company of IMB Partners.

Pro Food sources, brands and distributes a broad portfolio of proprietary and national brand food products to the military and their families at bases, deployed aircraft carriers and commissaries worldwide. The Company represents food categories including beef, pork, poultry, vegetables, seafood, dairy and snacks.

“Pro Food is a unique business that has differentiated itself by providing quality products and high-touch service to a geographically dispersed customer base,” said Kamau Hixon, a Principal at Comvest. “Comvest was pleased to provide a complete and flexible financing solution that includes both a dividend and growth capital to support Pro Food’s strategic goals. We look forward to working alongside IMB Partners, which has deep expertise in the government contracting market.”

“The Comvest team was quick to understand a complicated industry and a complex deal,” said Tarrus Richardson, founder and CEO of IMB Partners. “They moved with efficiency and thoughtfulness in delivering a one-stop financing package that best positions Pro Food to respond to ever-shifting military needs while pursuing its business-building and expansion initiatives.”

About Pro Food Solutions

Pro Food Solutions is a global food company and leading supplier to the U.S. Military worldwide. For more information, visit https://profoodsolutions.com.

About IMB Partners

Founded in 2010, IMB is a private equity sponsor focused on investing and partnering with management teams to grow lower middle market companies serving government agencies and electric and gas utilities. IMB believes that diversity is an asset and takes an entrepreneurial approach to building companies of scale. IMB seeks platform investment targets with $10-$250 million in revenue. For more information, imbpartners.com.

About Comvest Credit Partners

Comvest Credit Partners, the direct lending platform of Comvest Partners, focuses on providing flexible financing solutions to middle-market companies. Comvest Credit Partners provides senior secured, unitranche, and second lien capital to sponsored and non-sponsored companies in support of growth, acquisitions, buyouts, refinancings, and recapitalizations, with credit facilities up to $250 million-plus. For more information, please visit comvest.com/direct-lending.

About Comvest Partners

Comvest Partners is an operationally focused private investment firm that has provided equity and debt capital to well-positioned middle-market companies throughout North America since 2000. Through its private equity, direct lending and special opportunities investment platforms, Comvest offers tailored investment solutions across the capital structure, deep industry and operating expertise, a collaborative approach, and significant transaction experience as an active investor. Today, Comvest manages $12.3 billion in assets, and has invested over $12.8 billion since inception. Based in West Palm Beach, Comvest also maintains offices in Chicago and New York. For more information, please visit comvest.com.

Kamau Hixon, Principal, Comvest Credit Partners – k.hixon@comvest.com Tom Goila, Partner, Comvest Credit Partners – t.goila@comvest.com