Comvest Credit Partners Supports Aspire’s Growth Strategy With Targeted Credit Financing

WEST PALM BEACH, Fla.--(BUSINESS WIRE)--
Comvest Credit Partners, a leading provider of flexible direct financing solutions to middle-market companies, is pleased to announce that it is acting as Administrative Agent and is the sole lender on a senior secured credit facility for Aspire General Holding Company (“Aspire” or “the Company”), a Rancho Cucamonga, Calif.-based non-standard automobile (“NSA”) insurance platform. The investment supports the refinancing of Aspire’s existing debt, provides a dividend payment to owners, and helps fund the Company’s growth capital needs.

Founded in 2013, Aspire offers automobile insurance throughout California, focusing on underserved and unbanked drivers who may not meet the criteria for standard insurance rates. The second-largest NSA insurer in the state, Aspire distributes its products through a network of independent third-party brokers. Its core offerings include auto liability and physical damage coverage.

“Aspire has a solid track record of profitability and growth, supported by a strong and experienced leadership team. Its use of technology, including the Apex platform and AI-driven tools, reflects a modern approach to insurance operations we believe strongly positions the Company for continued and sustainable growth,” said Charlie Asfour, Partner at Comvest Credit Partners.

“We appreciate TAG Financial for introducing this opportunity and valued the chance to collaborate closely with the Aspire team to structure a responsive financing solution aligned with their strategic growth objectives,” added Jack Wyatt, a Principal at Comvest Credit Partners. “Aspire has demonstrated consistent success in a complex market, and we look forward to supporting the Company as it continues to scale.”

“Comvest Credit Partners drew on its credit investment expertise and deep understanding of the insurance and technology sectors to deliver a flexible financing solution tailored to our unique capital needs. They acted swiftly and effectively, navigating a multi-layered transaction process to support our next phase of growth,” said Byron Storms, CEO of Aspire.

About Aspire

Founded in 2013, Aspire is a California-based auto insurance provider leveraging a network of trusted, independent brokers. With deep industry expertise, pioneered by CEO Byron Storms, and an innovative technology platform, Aspire delivers efficient, transparent, and user-centric insurance solutions. For more information, please visit https://www.aspiregeneral.com.

About Comvest Credit Partners

Comvest Credit Partners, the direct lending platform of Comvest Partners, focuses on providing flexible financing solutions to middle-market companies. Comvest Credit Partners provides senior secured, unitranche, and second lien capital to sponsored and non-sponsored companies in support of growth, acquisitions, buyouts, refinancings, and recapitalizations, with credit facilities up to $300 million-plus. For more information, please visit comvest.com/direct-lending.

About Comvest Partners

Comvest Partners (“Comvest”) is a private investment firm that has provided equity and debt capital to well-positioned middle-market companies throughout North America since 2000. Through its private equity, direct lending and opportunistic credit investment platforms, Comvest offers tailored investment solutions across the capital structure along with deep industry expertise, operating resources, a collaborative approach, and significant transaction experience as an active investor. In 2025, Comvest Partners proudly celebrates 25 years of investment management leadership, and today manages $16.6 billion in assets, with over $19.2 billion invested since inception. Comvest Partners is based in West Palm Beach, with offices in Chicago and New York City. For more information, please visit comvest.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250826404971/en/

Charlie Asfour, Partner, Comvest Credit Partners – c.asfour@comvest.com
Jack Wyatt, Principal, Comvest Credit Partners – j.wyatt@comvest.com
Colin Beazley, Principal, Comvest Credit Partners – c.beazley@comvest.com

Source: Comvest Credit Partners