Comvest Partners Completes Sale of Encompass Supply Chain

WEST PALM BEACH, Fla., April 06, 2022 (GLOBE NEWSWIRE) — Comvest Partners (“Comvest”), an operations-focused, middle-market private investment firm, is pleased to announce the sale of Encompass Supply Chain Solutions, Inc. (“Encompass” or the “Company”) to Parts Town, a global market leader in original equipment manufacturer (OEM) parts distribution and technology. Encompass had been a platform company in Comvest’s private equity portfolio since 2019. Financial terms of the transaction were not disclosed.

Based near Atlanta, Encompass is one of the nation’s leading suppliers of genuine replacement parts for household products. Serving both the service industry and consumers, Encompass offers access to more than eight million OEM replacement parts from more than 200 leading manufacturer brands in all major household product categories, including appliances, consumer electronics, HVAC, computing and personal care. Encompass also offers parts supply chain management, third-party logistics, depot repair and reverse logistics services. The Company has seven distribution facilities nationwide.

“Comvest has had a wonderful experience supporting Encompass CEO Robert Coolidge and his talented team during the company’s substantial growth in recent years,” said Maneesh Chawla, Senior Partner at Comvest. “Encompass has further strengthened its performance through investments in strategically located facilities, inventory, relationships and customer service innovations. We are thrilled with the continued success of Encompass in its next chapter with Parts Town.

During its partnership with Comvest, Encompass has increased its offering across all home categories, added to its extensive network of strong partnerships with manufacturers and dealers, expanded its national footprint, and advanced technology and service solutions. innovations to its customers and supplier partners.

“Comvest’s investment and strategic direction has been fundamental to our significant growth,” Mr. Coolidge said. “We were successful in scaling the business and executing key facilities, operations and technology initiatives, including opening new distribution centers, automating management systems and launching We’re excited to join the Parts Town family and work together to build an even bigger home-focused platform.

Metronome Partners acted as financial advisor and Akerman LLP acted as legal advisor to Encompass.

About Encompass
Formed in 1953, Encompass is one of the nation’s largest suppliers of replacement parts and accessories for whole house products. Encompass also offers complete parts supply chain management, third party logistics, depot repair service and reverse logistics service. In addition to consumers, Encompass supports a range of business-to-business customers, including manufacturers, multifamily property managers, warranty providers, service networks, independent dealers, and retailers. For more information, please visit https://solutions.encompass.com

AAbout Comvest Partners
Comvest Partners is a private investment firm providing equity and debt capital to middle market companies across the United States. Since its inception in 2000, Comvest Partners has invested over $7.7 billion. Today, Comvest Partners has over $6.4 billion in assets under management. Through its extensive capital resources and extensive network of industry relationships, Comvest Partners provides companies with financial sponsorship, critical strategic and operational support and business development assistance. For more information, visit www.comvest.com

For more information please contact:
Maneesh Chawla, Senior Partner, Comvest Partners – m.chawla@comvest.com

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