Global service supply chain solutions provider Flash Global announced that Comvest Partners (Comvest), an operationally focused middle-market private investment firm, has 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.
Founded in 1983, Flash Global specializes in post-sales service supply chain solutions that support high-tech companies’ mission-critical service level agreements. Flash Global’s global reach spans over 140 countries and 700+ warehouses and forward stocking locations, strategically located to support customer growth and expansion, the statement said.
“This is an exciting milestone for Flash Global,” said Sam Mikles, President and CEO 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.”
“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,” said Maneesh Chawla, a Senior Partner at Comvest. “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.”
G2 Capital Advisors acted as financial advisor and Moore & Van Allen served as legal advisor to Flash Global in connection with the transaction. Akerman LLP served as legal advisor and Configure Partners served as exclusive debt placement agent to Comvest.
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