Comvest Credit Partners is acting as Administrative Agent and is the Sole Lender on an $85 million senior secured credit facility to support the acquisition of Seatex by The Riverside Company.

Seatex is a leading formulator, manufacturer and provider of specialty chemicals and chemical technology solutions to a diverse set of end markets. Its capabilities encompass virtually every aspect of chemical solutions, from process development and formulation support to specialty blending, grinding and milling, and complex reactions. Seatex serves customers ranging from startups to Fortune 100 businesses, supporting products available in liquid, powder, solids and portion control packages. Founded in 1967, Seatex maintains headquarters in Rosenberg, Texas, along with two additional manufacturing facilities.

“Comvest Credit continues to focus on investing in well-positioned industrial businesses with strong value propositions and defensible market share,” said Chris O’Donnell, a Managing Director and Co-Head of Industrials at Comvest Credit. “Seatex is a long-tenured company that serves a diversified blue-chip customer base with value-added chemical manufacturing capabilities companies typically do not have in house. Additionally, Seatex has the backing of a private equity sponsor with experience in the specialty chemicals sector.”

“We had a terrific experience working with the Comvest Credit team. They delivered a customized facility on a tight timeline that supported our acquisition and responded to Seatex’s need for flexibility and desired capacity for future growth,” said Craig Kahler, a Partner of Riverside.