Comvest Partners (“Comvest”), an operationally-focused middle-market private investment firm, is pleased to announce that it has completed a growth capital investment in ClearOne Advantage, LLC (“ClearOne” or the “Company”), a Baltimore-based debt resolution services provider. The investment provides follow-on financing to support the Company’s growth initiatives; Comvest has been a capital provider to ClearOne since 2017.
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Founded in 2008, ClearOne is a leading provider of success fee-based debt resolution services, offering full-service debt settlement programs to consumers nationwide who have credit card and other forms of unsecured debts.
“We believe ClearOne is well-positioned 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 are excited to further advance our ongoing relationship with ClearOne.”
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“We look forward to Comvest’s continued support as ClearOne enters its next phase of growth,” said Tomas Gordon, Chief Executive Officer at ClearOne. “Comvest brings ClearOne a wealth of sector experience along with meaningful capital and operational expertise that will help us capitalize on important growth opportunities and continue to expand our reach at a time of rising consumer debt.”
ClearOne Advantage, LLC, headquartered in Baltimore, Maryland, is a leading success fee-based debt resolution services provider. Since 2008, ClearOne has helped hundreds of thousands of clients resolve large credit card bills and other unsecured debts.
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