Comvest Credit Partners is acting as Administrative Agent and is the Sole Lender on a $153 million senior secured credit facility for Pro Food Solutions, a Richmond, Calif.-based distributor and supplier of food products to the U.S. military market. The Financing supports a dividend recapitalization of the business, as well as organic and acquisitive growth. Pro Food is a portfolio company of IMB Partners.

Pro Food sources, brands and distributes a broad portfolio of proprietary and national brand food products to the military and their families at bases, deployed aircraft carriers and commissaries worldwide. The Company represents food categories including beef, pork, poultry, vegetables, seafood, dairy and snacks.

“Pro Food is a unique business that has differentiated itself by providing quality products and high-touch service to a geographically dispersed customer base,” said Kamau Hixon, a Principal at Comvest. “Comvest was pleased to provide a complete and flexible financing solution that includes both a dividend and growth capital to support Pro Food’s strategic goals. We look forward to working alongside IMB Partners, which has deep expertise in the government contracting market.”

“The Comvest team was quick to understand a complicated industry and a complex deal,” said Tarrus Richardson, founder and CEO of IMB Partners. “They moved with efficiency and thoughtfulness in delivering a one-stop financing package that best positions Pro Food to respond to ever-shifting military needs while pursuing its business-building and expansion initiatives.”