Parsippany-based Flash Global on Thursday said Comvest Partners, an operationally focused middle-market private investment firm, made a strategic private equity investment in the company in partnership with Flash Global’s leadership team.
Financial terms of the transaction were not disclosed.
Flash Global is now a new platform investment in Comvest’s private equity portfolio.
Founded in 1983, Flash Global provides service supply-chain solutions to high-technology companies across diverse end markets. The company’s offering encompasses global trade services, state-of-the-art customer support technology and warehousing and distribution services for mission-critical equipment and parts.
Flash Global’s customers include Fortune 500 companies as well as leading and emerging technology brands. The company’s worldwide reach spans more than 140 countries. With over 700 warehouses and forward stocking locations, Flash Global is strategically located to support its customers’ growth and expansion.
“Flash Global is a world-class provider of service logistics solutions. Comvest is excited to partner with a strong leadership team and invest in the company’s next phase of growth,” Maneesh Chawla, a senior partner at Comvest, said. “Flash Global’s deep customer relationships, global footprint and extensive experience in global trade compliance set the stage for the company’s continued momentum in the growing outsourced supply chain sector.”
“This is an exciting milestone for Flash Global,” said Sam Mikles, CEO and president of Flash Global, who will continue to lead the company alongside the existing management team. “Comvest brings deep sector experience as well as meaningful operating and investment resources to support our vision for the strategic growth of Flash Global. We will continue to be a trusted partner to our customers, provide creative and innovative solutions and create additional value-added services to support the needs of the market and our customers.”
G2 Capital Advisors acted as financial adviser and Moore & Van Allen served as legal adviser to Flash Global in connection with the transaction. Akerman LLP served as legal adviser and Configure Partners served as exclusive debt placement agent to Comvest.