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Manulife | Comvest Credit Partners leads $130 million refinancing of Sylmar to support expansion strategy
Manulife | Comvest Credit Partners, the private credit platform of Manulife Wealth & Asset Management, today announced that it is acting as administrative agent and sole lender on a $130 million senior secured credit facility for the Sylmar Group ("Sylmar" or "the Company"). Based in Los Angeles, Sylmar specializes in acquiring and growing businesses in the water and wastewater sectors. The investment refinances the Company's prior credit facility and supports its ongoing growth strategy, includ
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[{"type":"text","content":"Investment deepens presence in the water services segment","length":57,"tagName":"p","attribs":{}},{"type":"text","content":"WEST PALM BEACH, Fla., Feb. 24, 2026 /CNW/ - Manulife | Comvest Credit Partners, the private credit platform of Manulife Wealth & Asset Management, today announced that it is acting as administrative agent and sole lender on a $130 million senior secured credit facility for the Sylmar Group ("Sylmar" or "the Company"). Based in Los Angeles, Sylmar specializes in acquiring and growing businesses in the water and wastewater sectors. The investment refinances the Company's prior credit facility and supports its ongoing growth strategy, including a recent acquisition, and provides capital for future acquisitive expansion.","length":653,"tagName":"p"},{"type":"image","alt":"Manulife | Comvest Credit Partners Logo (CNW Group/Manulife Wealth & Asset Management)","displaySize":"","headline":null,"caption":"Manulife | Comvest Credit Partners Logo (CNW Group/Manulife Wealth & Asset Management)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":38,"url":"https://media.zenfs.com/en/prnewswire.com/4aa1fd7afa57cf6b6ea53b301c2a7576"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/QDbRMUSP9Z2I9G3he87wIA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTY3O2NmPXdlYnA-/https://media.zenfs.com/en/prnewswire.com/4aa1fd7afa57cf6b6ea53b301c2a7576","width":400,"height":38}},"href":"https://mma.prnewswire.com/media/2916069/Manulife_Wealth___Asset_Management_Manulife___Comvest_Credit_Par.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Since its founding in 2019, Sylmar has built a nationwide platform providing essential water treatment and utility services to utility and commercial customers across the United States. The Company's brand portfolio includes ProChem, EAI Water, Clearwater Industries, R2J Chemical Services, and Eastern Technologies Inc.","length":324,"tagName":"p"},{"type":"text","content":""Sylmar is a fast-growing leader in industrial water services, delivering critical solutions that support regulatory compliance and operational reliability," said Jack Wyatt, a Managing Director at Manulife | Comvest Credit Partners. "We are pleased to support Sylmar with a flexible capital solution to help advance its immediate needs ...