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Comvest Partners Conmpletes New Growth Capital Investment in ClearOne Advantage

February 19, 2024, 06:00 AM
Filed Under: Business Services

Comvest Partners, an operationally-focused middle-market private investment firm, completed a new growth capital investment in ClearOne Advantage, LLC, a Baltimore-based debt resolution services provider. Comvest has been a capital provider to ClearOne since 2017.

Founded in 2008, ClearOne Advantage is a full-service national consumer debt settlement company that provides settlements of credit cards and other unsecured debts.

“ClearOne continues to capitalize on the significant industry tailwinds for debt relief services and execute on its strategic plan,” said Greg Reynolds, a Partner at Comvest. “We remain excited about the future of the Company and our ongoing relationship.”

“Comvest’s long-term support – which spans debt settlement expertise, investment capital and operational resources – has played an important role in helping ClearOne achieve meaningful business growth,” said Tomas Gordon, Chief Executive Officer at ClearOne. “Their new investment will help us further capitalize on our momentum during a time of industry expansion.”

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