Lower middle market private equity firm
Vesterra Capital Partners
Formerly Comvest Private Equity
- HeadquartersWest Palm Beach, FL S5
- Founded2000 S5
- Websitevesterracap.com
- Last verifiedNovember 5, 2026
At a glance
| Assets under management | $1.9B (as of Aug 2026) S9 |
|---|---|
| Latest fund | Comvest Investment Partners VI, L.P., $881M (Mar 2024) S6 |
| EBITDA range | $7M to $30M S2 |
| Check size | Up to $150M S6 |
| Deal types | Platform, Add-on S2 |
| Geography | North America S2 |
| Sectors | Environmental & Waste, Landscaping, Dental, Healthcare Services, Accounting & Professional Services, Transportation & Logistics, Consumer & Food |
What Vesterra Capital Partners buys
Vesterra Capital Partners is a West Palm Beach firm that buys control of lower middle market services companies in North America. Until July 2026 it was called Comvest Private Equity, the buyout arm of Comvest Partners. In August 2025 Comvest agreed to sell 75% of its credit business to Manulife and to split private equity into a stand-alone firm, so Vesterra does not run that credit business. It invests in three groups, business and infrastructure, healthcare, and consumer services, and favors founder, family and employee-owned companies.
Its target is $7 million to $30 million of EBITDA, with a preference for North American headquarters and no minimum for add-ons. Its latest fund, the $881 million Comvest Investment Partners VI closed in March 2024, was set up to invest up to $150 million of equity in a single deal. A smaller company is most likely to meet Vesterra as an add-on, as C.S.S. Landscaping and Koehn Outdoor did when they joined Bland Landscaping.
Recent deals
Announced in the 24 months before November 5, 2026.
| Date | Company | Type | Sector | Source |
|---|---|---|---|---|
| Aug 2026 | Charleston Grounds Management and Clear Lakes and Wetland ServicesSouth Carolina landscaping and lake and pond services businesses added to Bland Landscaping | Add-on | Landscaping | Source |
| Jul 2026 | Array Architects + AdvisorsPhiladelphia healthcare architecture and advisory firm founded in 1983; management stays and employees remain significant owners | Investment | Accounting & Professional Services | Source |
| Jul 2026 | PHFMColumbus, Ohio facilities maintenance provider bought from Powerhouse Services, a Lincolnshire Management company, and set up as a stand-alone business | Platform | Source | |
| Sep 2025 | C.S.S. LandscapingJacksonville landscaper added to Bland Landscaping; its founder became a regional director | Add-on | Landscaping | Source |
| Jan 2025 | Koehn OutdoorJacksonville landscape manager added to Bland Landscaping, its first step into Florida; the founder keeps leading that office | Add-on | Landscaping | Source |
| Dec 2024 | Bland LandscapingRecapitalization of an Apex, North Carolina commercial landscaper founded in 1976; the existing leaders stay | Platform | Landscaping | Source |
Portfolio by sector
From the firm's portfolio page S3.
Business & Infrastructure
- Array Architects
- Bland Landscaping
- Duke's Root Control
- Engage2Excel
- Flash Global
- GAI Consultants
- Gen3 Marketing
- PHFM
Consumer
- Renovation Brands
- Shark Coatings
- Spinrite
Healthcare
- Leixir Dental Laboratory Group
- Riccobene Associates Family Dentistry
- Your Behavioral Health
Greymont’s take
How Vesterra Capital Partners fits a seller
Vesterra suits owners of essential services businesses, from dental groups to landscapers and sewer service companies, who want an experienced buyer with its own operating team. That team, GrowthOps, works with management on the plan after closing. Recent deals suggest leaders usually stay: Riccobene's founder kept a meaningful stake and the top job, and Array's employees remain significant owners. Add-on founders have stayed too, as David Koehn did in Jacksonville.
Owners should ask how much of Fund VI is left and when the next fund is expected, since the firm has only recently separated from Comvest. Its 25-year record and 110-plus investments also include earlier strategies and people that the firm itself says differ from today's, so ask which deals the current team actually led.
Questions owners ask
Is Vesterra Capital Partners the same firm as Comvest?
Vesterra is the former Comvest Private Equity, renamed in July 2026 with its strategy unchanged. Comvest's credit business is separate: Manulife agreed to buy 75% of it in August 2025, and it now runs as Manulife | Comvest Credit Partners.
What size company does Vesterra buy?
Its focus page gives a range of $7 million to $30 million of EBITDA for lower middle market companies, with no minimum for add-ons. Its July 2026 rebrand release says it generally looks for more than $7 million.
Does Vesterra own environmental or wastewater service companies?
Yes. Duke's Root Control, bought in December 2022 and still active, provides chemical root control plus sewer inspection and assessment for cities. GAI Consultants, another current holding, offers engineering, planning and environmental consulting.
Does the owner stay on after Vesterra invests?
Usually, based on recent deals. Dr. Michael Riccobene kept a meaningful stake and stayed chief executive of his dental group, Bland Landscaping's leaders stayed in place, and Array's management stayed with employees remaining significant owners.
Sources
- S1Vesterra Capital Partners home page Accessed November 5, 2026
- S2Vesterra: Our Focus Accessed November 5, 2026
- S3Vesterra: Our Portfolio, with status from each company's page Accessed November 5, 2026
- S4Vesterra: News Accessed November 5, 2026
- S5Comvest Private Equity Rebrands as Vesterra Capital Partners (July 13, 2026) Accessed November 5, 2026
- S6Comvest Partners Announces Close of Sixth Flagship Private Equity Fund at $881 Million (March 19, 2024) Accessed November 5, 2026
- S7Comvest Credit Partners and Manulife Announce Agreement (August 6, 2025) Accessed November 5, 2026
- S8Manulife | Comvest Credit Partners: News Accessed November 5, 2026
- S9Bland Landscaping Completes Two Strategic Acquisitions in South Carolina (August 20, 2026) Accessed November 5, 2026
- S10Comvest Partners Announces Acquisition of Duke's Root Control (December 13, 2022) Accessed November 5, 2026
- S11Vesterra: Creating Value Accessed November 5, 2026
Compiled by Greymont Advisors from public sources, including the firm’s own website and press releases. Greymont is not affiliated with Vesterra Capital Partners. Figures are as reported on the dates shown and may have changed. Request a correction