Portfolio

Industry:
Environmental and Geotechnical Drilling
Transaction Type:
Expansion and Acquisition Capital
Location:
Orange, CA
CVF Securities:
Subordinated Debt and Preferred Stock

BC2 Environmental (BC2), provides Environmental and Geotechnical drilling services to state and local authorities, environmental consultants, the U.S. military, and private real estate developers. BC2 was founded in 1993 by Kurt Samuelson, the current President and CEO, who leads a dedicated team of over 50 highly trained staff members with extensive industry experience. BC2's experienced project managers, drill rig operators, and field service engineers insure professional installations and trouble-free equipment, providing timely service to customers.

http://bc2env.com/

Industry:
Software-as-a-Service
Transaction Type:
Expansion and Acquisition Capital
Location:
Thousand Oaks, CA
CVF Securities:
Subordinated Debt and Preferred Stock

CVF co-invested alongside DCA Capital Partners into Bonafide Medical Group. Bonafide is a cloud-based SaaS ERP system that provides best-in-class software resources to Durable Medical Equipment (DME) and Home Medical Equipment (HME) companies. For over 40 years, Bonafide has been a market leader in software development and toolkits for HMEs and DMEs. Led by a strong management team with a focused vision, Bonafide will continue to drive improvements to provide deeper support to their clients and a seamless experience for patients.

https://www.bonafide.com/

Industry:
Aerospace
Transaction Type:
Expansion Capital
Location:
Victorville, CA
CVF Securities:
Subordinated Debt and Preferred Stock

ComAv is an aerospace services and asset management firm in Victorville, CA. Through its subsidiaries, ComAv Asset Management and ComAv Technical Services, ComAv offers a fully integrated solution for aerospace asset owners wishing to maximize value while managing short-term storage and reactivation, or long-term storage and end of life solutions. As an FAA certified repair station with ample in-hangar and external storage, ComAv provides holistic solutions for commercial airlines, aircraft leasing companies, OEM's and other aerospace operators.

http://www.comav.com/

Industry:
Transportation and Logistics
Transaction Type:
Expansion and Acquisition Capital
Location:
Nampa, ID
CVF Securities:
Subordinated Debt and Preferred Stock

Cool Mountain Transport was founded in 2009 to provide food and livestock waste by-product hauling. While the Company continued to grow in that field, it diversified its offering to provide additional transportation services and general over-the-road trucking. Currently the business provides general logistics solutions to a variety of businesses throughout the Western U.S. For nearly 10 years, Cool Mountain Transport has partnered with customers by offering reliable, safe, and transparent supply chain solutions to leading food manufacturers and Ag producers.

http://www.coolmountaintransport.com/

Industry:
Custom Seat Manufacturing
Transaction Type:
Expansion and Acquisition Capital
Location:
Reno, NV
CVF Securities:
Management Buyout

Gary Platt Manufacturing, LLC (GP) is the leading, vertically integrated, full-service manufacturer of casino seating products. Founded in 1996 and located in Reno, Nevada, Gary Platt has become the #1 provider of seating products in the domestic casino marketplace with approximately 50% market share.

https://www.garyplatt.com/

Industry:
Baby Food Manufacturing
Transaction Type:
Expansion Capital
Location:
Sanger, CA
CVF Securities:
Subordinated Debt and Preferred Stock

Initiative Foods, based in Sanger, CA is the largest private label baby food manufacturer in the United States. In the heart of the California Central Valley, Initiative Foods has access to some of the best fruits and vegetables grown in the country. Their Certified Organic products, 50 recipes of premium baby food flavor profiles, and various packaging sizes continue to meet the needs of babies, and parents, throughout the country.

http://www.initiativefoods.com/

Industry:
Capital Goods
Transaction Type:
Management Buyout
Location:
Eugene, OR
CVF Securities:
Subordinated Debt and Preferred Stock

Started in 1977, Precision Machine & Manufacturing has grown from a small machine shop in Eugene, OR into a complete OEM facility, and is recognized as one of the nation’s leading designers and manufacturers of precision rotary valves, feeders, and screw conveyor material handling systems and components.

http://www.premach.com/

Industry:
Telecommunications
Transaction Type:
Expansion and Acquisition Capital
Location:
Stockton, CA
CVF Securities:
Subordinated Debt and Preferred Stock

Founded in Stockton, California in 1996, Utility Telecom is one of the largest regional providers of networking, communications, and technology solutions in the California Central Valley. The company provides critical data networking and unified communications to over 5,000 business customers in California and Nevada, including enterprise, government, and wholesale customers. Utility has implemented many fully redundant fiber rings, supplying its customers with lightning-fast Internet speeds on ADSL, Ethernet over Copper and classic T1 service, linking their regional Points-of-Presence with the public Internet peering points.

Utility is committed to providing businesses with the connections and bandwidth they need to be up and running with the most cutting-edge technology and great customer service

http://www.uyt.co/

Industry:
Cosmetic Contract Manufacturing
Transaction Type:
Expansion and Acquisition Capital
Location:
Glendale, CA
CVF Securities:
Subordinated Debt and Preferred Stock

Founded in 1958, Vege Labs, LLC is a private label contract manufacturing partner and formulator of high quality efficacious cosmetic, cosmeceutical, health & beauty, and household products. The Company provides a wide variety of products such as shampoos, conditioners, hairsprays, serums, permanent waves and relaxers. Vege Labs specializes in skincare treatments, creams and lotions, alcohol-based products such as colognes and fragrances, plus spa and esthetics products.

The Company’s sister company, Vege Tech, is a Certified Organic company that offers many natural botanical technologies as well as marketing savvy to customers wishing to create leading edge products with a Natural or Organic marketing flair.

https://www.vegelabs.com/

Industry:
Park and Campground Management
Transaction Type:
Expansion and Acquisition Capital
Location:
Phoenix, AZ
CVF Securities:
Subordinated Debt and Preferred Stock

Vista Recreation is a Phoenix, Arizona based recreation and hospitality management company that partners with various public agencies at the federal, state, and local levels to operate campgrounds and recreation areas under long-term concession agreements. Vista operates over 400 sites in 13 different states, including popular destinations like Burney Falls in Northern California and campgrounds in Sedona, Arizona. Contracted services include reservation management, facility maintenance (cabins, yurts, onsite stores), and hospitality services (concessions and park amenities). Vista was founded in 1989 and was acquired in 2002 by its current owner and President, Warren Meyer.

https://camprrm.com/

Industry:
Energy
Transaction Type:
Acquisition
Location:
Upland, CA
CVF Securities:
Subordinated Debt

Anabi Oil Corporation and its affiliates operate as a diversified distributor, retailer, and owner of motor gasoline products and properties throughout California. Beginning in 1991 with a single property in Baldwin Park, CA, the Company now carries various interests in one hundred twenty (120) properties throughout California. Eighty-nine (89) of these properties are situated in Southern California; thirty-one (31) properties are held in Northern California.

Owners refinanced CVF’s debt in April 2012.

http://www.anabioil.com//

Industry:
Commercial & Professional Services
Transaction Type:
Growth Capital
Location:
Sacramento, CA
CVF Securities:
Senior and Subordinated Debt

Founded in 1972, Administrative Systems, Inc. is a leading provider of benefits disbursement software and services to large financial institutions and employee benefit plans. The Company’s innovative solutions help streamline benefit disbursements and tax reporting to aid clients in reducing operating costs.

Founders sold the Company to a private equity firm in February 2011.

Industry:
Consumer Discretionary
Transaction Type:
Acquisition
Location:
Sacramento, CA
CVF Securities:
Subordinated Debt

Bonney Plumbing, founded in 1989, provides same-day plumbing and drain repair services in the Sacramento, CA area. The Company prides itself on its highly-skilled employees, who exhibit an attention to cleanliness and professionalism that is rarely found in the industry.

Owners refinanced CVF’s debt in June 2009.

http://www.bonney.com/

Industry:
Custom Battery Pack Assembly
Transaction Type:
Expansion and Acquisition Capital
Location:
Fountain Valley, CA
CVF Securities:
Subordinated Debt and Preferred Stock

Custom Power is a leading designer and manufacturer of customized power solutions for mission-critical and safety-sensitive applications. Custom Power was founded in 1965 as an off-the-shelf battery and light bulb distributor, and was later acquired by Don and Maggie West in 1990. Under their direction, the company successfully transitioned its focus towards custom battery assemblies for the aerospace and defense, security, industrial, and medical industries. Serving national and international customers, Custom Power maintains high quality assemblies through their proprietary assembly and testing methods, broad industry knowledge, and strong management team.

The Company was sold to Solid State PLC (LSE: SOLI) in August 2022.

https://www.custompower.com/

Industry:
Consumer Durables & Apparel
Transaction Type:
Recapitalization
Location:
Rocklin, CA
CVF Securities:
Subordinated Debt

Delta Horseshoe Company has been providing quality farrier-related products since 1984. Delta is committed to every aspect of the farrier industry and stays in constant communication with a worldwide network of manufacturers and farriers in order to provide the best and most current products available.

In November 2008, the Company announced plans to combine with Mustad Hoofcare Center (“Mustad”).

http://www.deltafarrierproducts.com/

Industry:
Healthcare Equipment & Services
Transaction Type:
Growth Capital
Location:
Mountainview, CA
CVF Securities:
Preferred Stock

Founded in 1997, EndoCenter Partners partners with physicians to design, develop, and manage state-of-the-art ambulatory surgical centers located principally in California’s Central Valley, Central Coast, and San Francisco Bay area. These centers primarily focus on the Endoscopy and Ophthalmology specialties. The company’s goal is to combine the benefits of physician ownership with the advantages of shared management services, thereby enhancing the delivery of patient care while also providing for operating efficiencies.

Owners paid off CVF's preferred equity and outstanding debt in March 2011.

Industry:
Commercial Services & Supplies
Transaction Type:
Acquisition
Location:
Beaverton, OR
CVF Securities:
Subordinated Debt and Preferred Stock

Fulfillment Corporation of America is located in Beaverton, OR and provides fulfillment, logistics, and digital deployment services with regional and national consumer product, financial services, and healthcare businesses. Tracing its origins back to a direct mailing service company in 1979 the company maintains warehouse operations in Beaverton, OR and Brea, CA.

The Company was sold to leading Hispanic food and beverage producer, Novamex (novamex.com), in May, 2016.

https://sourcelogistics.com/

Industry:
Technology Hardware & Equipment
Transaction Type:
Expansion Capital
Location:
Auburn, CA
CVF Securities:
Preferred Stock

ioSafe is the technology leader in disaster proof hardware and is headquartered in Auburn, CA. Like an aircraft black box for data, ioSafe provides rugged, fireproof and waterproof hardware and data recovery services in a cost-effective way. ioSafe’s diverse product offerings and patented technology provide unparalleled data solutions to protect critical and irreplaceable data for consumers and businesses alike.

The Company was sold to a strategic in July, 2018.

https://iosafe.com/

Industry:
Food & Beverage
Transaction Type:
Recapitalization
Location:
Modesto, CA
CVF Securities:
Subordinated Debt

Paleteria La Michoacana is a leading producer, marketer, and distributor of premium ice cream and other fine desserts. The Company is known for its fine quality and methods used to produce its paletas, using natural fruits and ingredients of the highest quality.

The Company was sold to a private equity group in April, 2016.

http://www.ytupaleta.com/

Industry:
Information Technology
Transaction Type:
Expansion Capital
Location:
Manalapan Township, NJ
CVF Securities:
Subordinated Debt

LightRiver Software, Inc, was formed by parent Company, LightRiver Technologies, Inc, as it acquired Unique Computer Services, Inc, a pioneer and industry leader in the development and support of multi- vendor, transport network systems software, with hundreds of thousands of nodes under management. LightRiver Software's industry-leading product, netFLEX®, enables transport network operators of all sizes to efficiently provision and manage anything from a few to several hundred thousand network elements, with FCAPS support across a broad range of legacy and next generation vendors and devices.

The Company was sold to a private equity group in March 2022.

http://lightriver.com/partner/lightriver-software/

Industry:
Information Technology
Transaction Type:
Buyout
Location:
Concord, CA
CVF Securities:
Subordinated Debt and Preferred Stock

LightRiver Technologies is a multi-vendor integrator of cutting-edge transport solutions for mission-critical networks. LightRiver delivers unique value with turnkey solutions, carrier-class quality, high standards of technical expertise, and unparalleled customer care. Working with best-in-class vendors and drawing on decades of network experience, LightRiver guide clients through the entire lifecycle of their network - from initial market entry strategy, infrastructure design, network installation and integration, program management, network management to maintenance and support.

The Company was sold to a private equity group in March 2022.

http://www.lightriver.com/

Industry:
Materials
Transaction Type:
Acquisition
Location:
Riverside, CA
CVF Securities:
Subordinated Debt

Molded Devices, Inc.established in 1998, is a specialty manufacturer of custom dip molded, dip coated, and injection molded parts. The Company specializes in short run, custom products for U.S.-based OEM customers. In particular, Molded Devices, Inc. has a heavy customer focus in medical supply manufacturing where its high quality products are attractive substitutes for in-house production.

Owners refinanced CVF’s debt in December 2015.

http://www.moldeddevices.com/

Industry:
Consumer Durables & Apparel
Transaction Type:
Recapitalization
Location:
Richmond, CA
CVF Securities:
Subordinated Debt

Mulberry Neckwear, founded in 1989, designs, manufactures, and distributes neckties throughout the United States. The Company licenses major name brands and sells through department and specialty stores. At the heart of Mulberry’s philosophy is a commitment to creating unique neckwear for its customers—strong, innovative designs using fabrics and workmanship of the highest quality.

Founders sold the Company to Phillips-Van Heusen Corporation (NYSE: PVH) in April 2008.

Industry:
Commercial & Professional Services
Transaction Type:
Management Buyout
Location:
Sacramento, CA
CVF Securities:
Subordinated Debt

MuniServices, founded in 1980, is a leading provider of innovative revenue enhancement and other related services to state and local governments. MuniServices counts more than 250 such jurisdictions as clients, including various municipalities in California, Florida, Georgia, Nevada, Pennsylvania, Texas, and the District of Columbia.

Management sold the Company to Portfolio Recovery Associates, Inc. (NASDAQ: PRAA) in July 2008.

http://www.muniservices.com/

Industry:
Commercial & Professional Services
Transaction Type:
Acquisition
Location:
Temecula, CA
CVF Securities:
Subordinated Debt and Preferred Stock

National Legal Services was formed through the merger of Quest Discovery Services and RSP & Associates. The consolidated companies specialize in document acquisition, duplication, and distribution solutions to law firms, third-party administrators, and insurance companies throughout California.

The Company was sold to a private equity group in December, 2016.

http://rsprecords.com

Industry:
Commercial & Professional Services
Transaction Type:
Buyout
Location:
Tacoma, WA
CVF Securities:
Subordinated Debt and Preferred Stock

Pioneer Recycling Services, LLC, based in Tacoma, WA is an industry leader in non-hazardous recycling and solid waste in the Pacific Northwest. Pioneer Recycling’s collections centers focus on providing reliable environmental services and solutions for commercial, industrial, municipal, and residential customers. Processing over 200,000 tons of recyclable products a year between the Tacoma, WA and Clackamas, OR facilities, Pioneer Recycling Services has some one of the largest Material Recycling Facilities in the region.

The Company was sold to a private equity group in December 2021.

http://www.pioneerrs.com/

Industry:
Commercial & Professional Services
Transaction Type:
Recapitalization
Location:
San Jose, CA
CVF Securities:
Subordinated Debt

Quest Discovery Services provides document acquisition, duplication, and distribution solutions to law firms and insurance companies. From subpoena preparation and service to online order and record management, to large volume reproduction and photo duplication, to court reporting, to Bates numbering, and rush delivery, the Company´s dedicated professionals deliver high quality services and products that affordably meet its clients’ needs.

Company merged with RSP & Associates in 2014 to become National Legal Services.

https://www.questds.com/

Industry:
Commercial & Professional Services
Transaction Type:
Growth Capital
Location:
Dallas, TX
CVF Securities:
Preferred Stock

Resourcing Edge is an HR management firm that allows small businesses the opportunity to outsource partially or entirely basic HR legal responsibilities and functions to better manage their workforce. Resourcing Edge’s extensive HR solutions help employers automate the undeniably complex HR process, including employee handbooks, payroll and employee benefits, E-Verify, new hire forms, I-9s, and more.

Founders sold the Company to Assurity Life Insurance Company (assurity.com) in October 2015.

http://resourcingedge.com/

Industry:
Lawn and Garden Services
Transaction Type:
Merger
Location:
Napa, CA
CVF Securities:
Subordinated Debt and Preferred Stock

Signature Coast Holdings is the corporate entity of two world-class landscape management companies serving the California and Nevada markets. Coast Landscape Management is a full-service landscape management company based in Napa, CA with 8 satellite locations specializing in commercial properties and public agencies for parks, schools, and recreational facilities. Signature Landscapes is based in Reno, NV and operates as the largest full-service landscape management company for commercial and residential properties in the Greater Reno and Lake Tahoe markets.

The Company was sold to BrightView Holdings (NYSE: BV) in January 2020.

http://www.coastlandscapemanagement.com

Industry:
Transportation & Logistics
Transaction Type:
Growth Capital
Location:
Montebello, CA
CVF Securities:
Preferred Stock

Source Logistics was founded in 1999 to provide third-party logistics (3PL) solutions for the storage and freight handling needs of Mexican and Latin American consumer products manufacturers. The Company utilizes its network of warehouses and a range of value-added services to permit its customers to grow revenues throughout the U.S.

The Company was sold to leading Hispanic food and beverage producer, Novamex, (novamex.com) in May, 2016.

http://sourcelogistics.com/