Comvest Credit Partners, a leader in providing flexible direct financing solutions to mid-market entities, has recently declared its role as the Administrative Agent and Sole Lender in a senior secured credit facility for Billhighway.
Specializing in financial management technology solutions for fraternal organizations and associations, alongside private equity firm Lovell Minnick Partners, this financing aims to refinance existing debt and bolster Billhighway’s acquisition strategy, particularly the purchase of ChapterSpot, a CRM provider.
Since its inception in 1999, Billhighway has emerged as a market leader, particularly among multi-chapter member-based organizations. It offers an integrated software platform that enhances efficiency across various domains, including membership and event management, reporting and analytics, as well as payment processing and invoicing.
Brian Cercek, a Managing Director at Comvest, expressed his satisfaction in supporting Billhighway, praising its market leadership and dedicated customer base. He highlighted the significance of the tailored facility in facilitating the company’s growth through strategic acquisitions, like ChapterSpot, which offers complementary technology services to the same market segment.
Billhighway is known for delivering comprehensive software and payment solutions to the non-profit sector, including SaaS-based member management, accounting, and transaction processing services tailored for Fraternities and Sororities, Associations, and Labor Unions.
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