Comvest Credit Partners Leads Debt Financing to Wheeler Fleet Solutions to Fund its Acquisition by One Equity Partners
'Our credit strategy continues to invest in well-positioned middle-market companies in the industrials vertical, one of our targeted industries of firm expertise,' said Bryce Peterson, a Managing Director of Comvest Credit Partners.
Founded in 1960, Wheeler provides replacement parts and engineering solutions to the medium and heavy-duty fleet market, offering a complete line of products along with inventory management, e-commerce fulfillment, logistics, supply chain support and other aftermarket services. Wheeler operates distribution centers in Pennsylvania, Mississippi and Texas.
'Wheeler is an established, long-tenured brand with strong performance in an attractive niche market with recurrent customer demand for parts and services,' said Bryce Peterson, a Managing Director of Comvest Credit Partners. 'Our credit strategy continues to invest in well-positioned middle-market companies in the industrials vertical, one of our targeted industries of firm expertise.'
'We are pleased to complete another transaction with One Equity Partners, which has also built a deep industrials investment practice. We look forward to working with the team in support of the acquisition and Wheeler's continued growth,' said Tom Goila, Partner and Head of Originations at Comvest Credit Partners.
'We are appreciative of Comvest Credit Partners' ability to move quickly in their diligence and investment decision, bringing a certainty to the transaction process that contributed to our acquisition's successful close,' said Steve Lunau, Partner at One Equity Partners.
About Wheeler Fleet Solutions
Wheeler Fleet Solutions ('Wheeler') began as Wheeler Bros. in 1960 as a small engine repair shop in Somerset, Pennsylvania. From those roots, the company has grown into a fleet-focused parts distribution and services company with over 300 employees. Wheeler Fleet Solutions ships over three million line items yearly to 700 managed inventory stock rooms and thousands of B2B customers across the United States. Wheeler offers a huge selection of parts as well as stockroom and inventory management services, fleet management software and curated custom-engineered service parts. For more information, please visit www.wheelerfleet.com.
About One Equity Partners
One Equity Partners ('OEP') is a middle market private equity firm focused on the industrial, healthcare, and technology sectors in North America and Europe. The firm seeks to build market-leading companies by identifying and executing transformative business combinations. OEP is a trusted partner with a differentiated investment process, a broad and senior team, and an established track record generating long-term value for its partners. Since 2001, the firm has completed more than 400 transactions worldwide. OEP, founded in 2001, spun out of JP Morgan in 2015. The firm has offices in New York, Chicago, Frankfurt and Amsterdam. For more information, please visit www.oneequity.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 $300 million-plus. For more information, please visit comvest.com/direct-lending.
About Comvest Partners
Comvest Partners ('Comvest') is a 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 opportunistic credit investment platforms, Comvest offers tailored investment solutions across the capital structure along with deep industry expertise, operating resources, a collaborative approach, and significant transaction experience as an active investor. In 2025, Comvest Partners proudly celebrates 25 years of investment management leadership, and today manages $15.7 billion in assets, with over $16.8 billion invested since inception. Comvest Partners is based in West Palm Beach, with offices in Chicago and New York City. For more information, please visit comvest.com.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
Sabre Corporation (SABR) Launches SabreMosaic
With a share price under $3 and strong hedge fund interest, Sabre Corporation (NASDAQ:SABR) secures a spot on our list of the 10 Best AI Stocks to Buy Under $3. A close-up of a computer monitor showing a complex web of cloud-based technology. Amid rising concerns from global travel agencies over fragmented content systems, Sabre Corporation (NASDAQ:SABR) announced the launch of SabreMosaic on July 22, 2025. A survey conducted by SABR revealed that over 91% of agencies shuffle between four or more booking systems, hampering productivity and resulting in higher costs. Furthermore, more than half manage seven or more systems. Thus, the company felt the need for unified, intelligent solutions. To address this, Sabre Corporation (NASDAQ:SABR) integrates the industry's widest content portfolio with built-in AI tools, streamlining workflows, delivering smarter recommendations, and reducing tech overhead. SabreMosaic serves over 38 NDC airlines, 150+ low-cost carriers, and millions of lodging options, and it does this with just a single flexible connection. Leveraging AI, Sabre Corporation (NASDAQ:SABR) helps agencies and suppliers streamline content access, enhance personalization, and improve efficiency in a fragmented global travel landscape with its cloud-native travel marketplace and SaaS platforms. It is included in our list of the best AI stocks. While we acknowledge the potential of SABR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 12 Cheap Value Stocks to Buy Now According to Warren Buffett and 7 Best Potash Stocks to Buy According to Analysts. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 hours ago
- Yahoo
Newmont (NEM) Surges 36% Over Last Quarter Following Strong Q2 2025 Earnings
Newmont recently announced its second quarter 2025 results, revealing a substantial increase in sales and net income compared to the prior year. The company also declared a quarterly dividend, authorized a significant share repurchase program, and completed a lease renewal in Ghana. Despite a decline in gold production, these developments likely bolstered investor confidence, contributing to the company's 36% share price increase over the last quarter. This upward movement aligns broadly with the market's positive trend, which included record highs in the Nasdaq and increased overall investor optimism amidst additional stock buyback activity and dividends within the sector. Every company has risks, and we've spotted 1 warning sign for Newmont you should know about. Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence. With Newmont's latest results showing a boost in sales and net income, the company's operational and strategic developments could reinforce its current narrative of resilience, focusing on gold demand and asset synergies. However, despite a recent uptick in its share price—36% this past quarter—the stock has achieved a total shareholder return of 63.75% over the past three years. This long-term performance reflects a complex mix of operational efficiency and market conditions, aligning with the company's efforts to maintain stability amidst fluctuating gold production rates. Over the last year, Newmont's performance has outpaced the broader US Metals and Mining industry, which returned 24.1%. This indicates a strong relative positioning, likely aided by the company's proactive engagement in shareholder returns through dividends and share repurchase programs. As for revenue and earnings forecasts, the recent lease renewal in Ghana and other long-term initiatives might offer sustained revenue support, though the decline in gold production introduces a risk to achieving the expected 1.6% annual revenue growth over the next three years. Currently trading at US$68.98, Newmont's share price aligns closely with the consensus price target of US$70.36, suggesting the market views the stock as fairly priced given current conditions. The modest price differential indicates skepticism about substantial immediate upside but acknowledges the potential for incremental value in alignment with forecasted earnings of US$6.3 billion by 2028. As such, the current developments signal a stable, though cautious, investor sentiment focused on sustainable growth. Unlock comprehensive insights into our analysis of Newmont stock in this financial health report. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NEM. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 hours ago
- Yahoo
Where Will Walgreens Be in 1 Year?
Key Points Walgreens has agreed to be taken private for $11.45 per share. The deal has been approved by shareholders, and the stock is trading for slightly more than the takeover price. There's a nuance to the buyout story that could lead to an additional payout of as much as $3 per share. 10 stocks we like better than Walgreens Boots Alliance › Walgreens Boots Alliance (NASDAQ: WBA) has been a difficult stock to love for a few years, thanks to multiple corporate missteps. It got so bad that the board decided the best course of action was to effect a turnaround under private hands. That deal means that Walgreens won't be a publicly traded company a year from now. But that isn't the whole story, and more aggressive investors might still be interested in the stock because of a unique nuance of the take-private transaction. Here's what you need to know. From industry giant to going private There are only a handful of large pharmacy retailers, and Walgreens is one of them. For many years it was a growth business, but eventually the market became saturated. Often there was a Walgreens on one corner and one of its competitors just across the street. It's not shocking that growth stalled out throughout the sector. What happened next was that Walgreens looked for other ways to keep growing its business. It tried to buy into the pharmacy benefits management business, but that didn't go as well as hoped. And then it started to build out a healthcare clinic operation, but that didn't go as well as hoped. This company, which was on track to become a Dividend King, ended up cutting and then eliminating its dividend (the elimination came after the take-private agreement came about). Walgreens had recently been working to right-size its business, including closing locations. However, the revamp is likely to be a large undertaking that will be difficult to effect in the public markets. Investors don't like it when companies shrink, and that's exactly what Walgreens is in the process of doing. So, in early March, it agreed to be taken private by Sycamore Partners Management for $11.45 per share. The transaction is likely to close sometime in the second half of 2025. Why is Walgreens trading for more than the deal price? Normally in a takeover situation, the stock of the company being acquired trades for slightly less than the takeover price. That's because there is always a risk that the deal falls apart. However, Walgreens' shares are trading hands for slightly more than the takeover price, which suggests that there is something odd going on here. The wrinkle is that Sycamore Partners is planning on selling Walgreens' medical clinic business. And it will give Walgreens shareholders a chit that could be worth up to $3 per share, depending on the sales price it gets for the clinic business. So investors that are paying over $11.45 per share for Walgreens right now are, essentially, buying that chit, since they are locking in a loss on the Walgreens shares. There's just one problem. There is no timeline for the sale of the clinic business. And there is no guarantee on the price that Sycamore Partners will extract from the buyer. So the $3 chit could be worthless or, conversely, the length of time it takes to see any money could be very long, reducing the time value of the potential profit. There's just no way to tell what the outcome will be. And, as such, buying Walgreens today is not something that most investors should do, particularly if they are conservative by nature. More aggressive types that like special situations may like it, since the clinic business probably does have some value. But it is still a high-risk play that has a maximum upside of around 25%. That sounds like a lot, and it is, but only if the cash arrives quickly. Walgreens will be gone in a year, but not forgotten In one year, Walgreens will no longer be a public company. But it will linger in the minds of investors because of the $3 chit tied to the sale of the medical clinic business. That said, in the long term, it seems highly likely that Walgreens will eventually go public again -- with completely different shares -- hopefully with a better industry position. However, only aggressive investors should be looking at Walgreens right now. Should you buy stock in Walgreens Boots Alliance right now? Before you buy stock in Walgreens Boots Alliance, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Walgreens Boots Alliance wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $653,427!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,119,863!* Now, it's worth noting Stock Advisor's total average return is 1,060% — a market-crushing outperformance compared to 182% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 4, 2025 Reuben Gregg Brewer has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Where Will Walgreens Be in 1 Year? was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
