CVF Capital Partners

CVF Capital Partners, founded in 2005 and headquartered in Davis, California, is a venture capital and private equity firm that specializes in providing mezzanine capital to small and medium-sized businesses. The firm focuses on later-stage growth, strategic acquisitions, ownership transitions, and recapitalizations, primarily targeting companies in the Western United States, especially in California's Central Valley. CVF typically invests between $3 million and $15 million in companies with annual revenues of $10 million to $100 million, seeking those with at least three years of audited financial statements. It prefers to provide subordinated debt with current payment and deferred yield enhancement features, along with redeemable preferred equity options. CVF Capital Partners is particularly interested in sectors such as manufacturing, logistics, food and beverage, agriculture, and business services, while avoiding investments in startups, early-stage high-tech companies, and certain other industries. The firm aims to take both majority and minority stakes in its portfolio companies and often seeks board representation or observation rights.

Felipe Acosta

Associate

José Blanco

Co-Founder and Managing Partner

Anthony Bretting

Director of Finance and Operations

Chris Carleson

Principal

Brian Hoblit

Principal

Daniel Jessee

Partner

Edward McNulty

Managing Partner

Brad Triebsch

Co-Founder and Managing Partner

44 past transactions

Vege Labs

Venture Round in 2021
Vege Labs formulates, develops, and manufactures beauty and wellness products. The Company provides a wide variety of products such as shampoos, conditioners, hairsprays, serums, permanent waves, and relaxers. Vege Labs specializes in skin care 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.

Gemini Therapeutics

Post in 2021
Gemini Therapeutics, Inc. is a precision medicine company established in 2015 and based in Cambridge, Massachusetts. The company specializes in developing therapies for patients with dry age-related macular degeneration (AMD) and related rare genetic diseases. Gemini's approach focuses on addressing genetically-defined conditions by creating therapeutic candidates that target specific molecular abnormalities prevalent in patients with significant clinical needs. Their diverse pipeline features a range of innovative treatment modalities, including monoclonal antibodies, recombinant proteins, and gene therapies. The company has secured funding from prominent life science investors and collaborates with academic institutions globally to advance its mission of delivering potentially first-in-class therapeutics.

Vista Recreation

Venture Round in 2021
Recreation Resource Management operates public campgrounds and recreation areas in multiple states, including popular destinations. Founded in 1988, RRM operates over five hundred public campgrounds and recreation areas, including popular destinations like Burney Falls in Northern California and campgrounds in Sedona, Arizona and manages all phases of campground operations, including reservations, visitor services, and maintenance.

Aledade

Series C in 2020
Aledade, Inc. is a firm that assists primary care physicians in establishing and managing accountable care organizations (ACOs) across the United States. Founded in 2014 and headquartered in Bethesda, Maryland, Aledade provides a comprehensive suite of services, including data analytics, guided workflows, regulatory support, and payer relationships. The company emphasizes customized solutions and continuous, on-the-ground assistance for its physician partners, which include small and large practices, community health centers, and multispecialty groups. By focusing on practice transformation, workflow optimization, and governance, Aledade aims to empower independent physicians to enhance patient care, reduce costs, and maintain their practice autonomy.

Sonendo

Private Equity Round in 2020
Sonendo, Inc. is a medical technology company that focuses on advancing dental care through innovative devices for root canal therapy. Based in Laguna Hills, California, Sonendo has developed the GentleWave® System, which enhances the cleaning and disinfection of tooth canals, improving clinical outcomes and efficiency compared to traditional methods. The company operates primarily through two segments: the Product segment, which includes sales of the GentleWave System and its related instruments, and the Software segment, which encompasses TDO® Software—widely recognized as a leading practice management solution for endodontics. Since its incorporation in 2006, Sonendo has aimed to transform dentistry by promoting effective treatments that preserve tooth structure and enhance patient care.

Gary Platt

Venture Round in 2019
Gary Platt Manufacturing, LLC is a designer and producer of specialized seating primarily for the casino industry. Established in 1998 and based in Reno, Nevada, the company focuses on creating hand-crafted chairs that enhance the gaming experience for players. Its product range includes four-legged and pedestal-based chairs tailored for various gaming environments, including slots, table games, poker, bar-top, and bingo. With over 40 years of experience in ergonomically sculpted seating, Gary Platt Manufacturing emphasizes comfort and performance in its designs, particularly with its X-Tended Play and X2-Tended Play series. The company distributes its products across the United States, Canada, Mexico, and internationally, serving both casino operators and game manufacturers.

Custom Power

Venture Round in 2019
Custom Power is a designer and manufacturer of customized power solutions for mission-critical and safety-sensitive applications. Since 1965, Custom Power has been designing and assembling custom battery solutions. They provide battery pack assemblies in all chemistries and for all electronic applications, all built to match their customers’ unique requirements.

House of Batteries

Private Equity Round in 2019
House of Batteries has been designing and assembling custom battery solutions.

BC2 Environmental

Private Equity Round in 2019
BC2 Environmental specializes in environmental and geotechnical drilling services primarily for government organizations, environmental consultants, real estate developers, and the U.S. military in California. The company provides a range of services, including groundwater and vapor well installation, direct push sampling, and groundwater monitoring. It operates a diverse fleet of drilling rigs, which includes rotary drills, augers, close-in drills, and sonic drills. By offering these services, BC2 Environmental effectively supports site investigations and remediation projects while ensuring compliance with safety standards.

Cool Mountain Transport

Private Equity Round in 2018
Since its inception, Off-Spec Solutions has focused on safe, sensible growth, founded on financial stability and customer collaboration to achieve the highest transportation standards. Off-Spec Solutions emphasizes an attentive, management style that maximizes organization efficiencies, improves operations, reduces costs, implements safety standards, and ensures highly efficient trucks and trailers. Each load is handled with great care in order to deliver each Customer's load safely, on time and per specifications.

Waterman Valve

Acquisition in 2018
Waterman Valve LLC, based in Exeter, California, is a prominent manufacturer and supplier of water control products, including irrigation gates and valves, serving various markets such as water treatment, wastewater management, agricultural water delivery, hydro-power, and flood control. The company offers a diverse range of products, including slide gates, radial and butterfly gates, drainage gates, and various types of valves, as well as automation systems for gate operations. Waterman Valve caters to government entities like water districts and flood control authorities, as well as agricultural users. With a robust manufacturing operation, the company emphasizes quality through careful monitoring of its fabrication, machining, and testing processes. Founded in 1912, Waterman Valve became a subsidiary of McWane, Inc. in 2018, further enhancing its capacity to deliver effective water management solutions.

ComAv

Private Equity Round in 2017
ComAv, LLC, through its subsidiaries, provides aerospace services. The company provides storage, transitional maintenance, re-activation, and end-of-life solutions for commercial airlines and aircraft leasing companies. The company also engages in management of aviation assets, which offers component and power plant sales and leasing and consignment inventory management. The company was founded in 2012 and is headquartered in Victorville, California.

Signature Coast Holdings, LLC

Private Equity Round in 2017
Located in Napa, CA and servicing numerous customers, Signature Coast Holding is one of the leading landscaping companies in Northern California.

Initiative Foods

Private Equity Round in 2017
Organic Baby Food Manufacturer

LightRiver Technologies

Debt Financing in 2017
LightRiver Technologies, Inc. is a multi-vendor integrator specializing in transport solutions for mission-critical networks. The company focuses on the design, engineering, integration, and commissioning of optical networks, catering to sectors such as utilities, service providers, transit, education, and government. Its service offerings include consulting and architectural services, technology analysis, network upgrade planning, and compliance consulting, as well as design and engineering, installation, and training. Additionally, LightRiver provides fiber optic characterization and optimization services. The company integrates and commissions a range of equipment, including advanced optical transport solutions and network management tools. Founded in 1998 and based in Concord, California, LightRiver serves a diverse clientele, including utilities, telecommunications providers, educational institutions, and government agencies throughout North America.

Valley Healthcare Staffing

Debt Financing in 2016
Valley Healthcare Staffing, founded in Sacramento, California in 2002, specializes in travel nurse staffing and allied travel services. The company partners with leading hospital systems to supply quality nursing resources across the United States. Through its proprietary online tools, Job Mechanix and ValleyForce, Valley Healthcare enhances the recruitment and placement process, helping nurses identify engaging travel positions while ensuring compliance with regulatory requirements during onboarding.

Source Logistics

Acquisition in 2016
At Source Logistics, we specialize in offering customized logistics and supply chain solutions in US markets such as: Full Service Warehousing, Order Processing, Ecommerce Fulfillment, Marketing Fulfillment, Digital Printing, Complete Transportation Solutions and Information/Data Supply Chain Services. They cater their array of services to multiple types of industries such as: food and beverage, apparel, retail, health and beauty, medical, industrial, technology, financial and others. Their mission is to help US and foreign-based companies expand and offer their services to their US customers. They help companies from all over North America, South America, Europe and Asia increase their market presence in the US through competitive supply chain solutions. They have over 1.2 million square feet of warehouse space, strategically located throughout the US to provide our clients the ability to easily service their customers. Their warehouses are located in Brea, Los Angeles, New Jersey, Portland, Hawaii, Houston and Laredo.

La Michoacana

Acquisition in 2016
La Michoacana is a leading producer, marketer and distributor of premium ice cream and other fine desserts

Molded Devices

Acquisition in 2015
MDI – Molded Devices Inc. has developed an excellent reputation as an industry leader in plastics processing with process offerings including plastic dip molding, dip coating, rubber dip molding, custom plastic injection molding, thin-wall blow molding, extrusion, rapid prototyping and numerous value added services including decorating and assembly.

Utility Telecom

Private Equity Round in 2015
Utility Telecom, founded in 1996 in Stockton, California, is a prominent regional provider of telecommunications and technology solutions in the Central Valley. The company specializes in custom digital business communication solutions, offering services such as voice over internet protocol (VoIP), on-demand conferencing, and critical data networking. Utility Telecom serves over 5,000 customers, including enterprises, government entities, and wholesale clients across California and Nevada. Their infrastructure features fully redundant fiber rings, which enhances the efficiency and effectiveness of clients' telecom services.

Pioneer Recycling Services

Private Equity Round in 2014
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.

Precision Machine & Manufacturing

Private Equity Round in 2014
Precision Machine and Manufacturing, Inc. specializes in the design and production of dry bulk material handling equipment, serving a diverse range of industries across the Americas. Established in 1977 and headquartered in Eugene, Oregon, the company offers a variety of products, including rotary feeders, modular rotary valves, screw conveyors, and micro-valves, as well as custom machining and fabrication services. Its equipment is utilized in sectors such as cement, wood products, mineral processing, pulp and paper, biomass-fired power generation, mining, chemical, and pharmaceutical industries. Precision Machine and Manufacturing focuses on creating reliable systems that effectively handle granular materials, particularly in challenging and abrasive operating environments.

Quest Discover Services

Acquisition in 2014
Quest Discover Services specializes in litigation support services, primarily catering to the legal and insurance sectors. The company provides a comprehensive range of outsourcing solutions that encompass the acquisition of medical and public records, process serving, document duplication, and deposition reporting. With five full-service offices and two satellite locations throughout California, Quest ensures local support and rapid turnaround times for its clients. This decentralized approach allows for efficient handling of records without the need for central transfer, enabling the company to offer rush and emergency services when required. Additionally, Quest has developed Quest Online, a secure platform that allows clients instant access to electronically duplicated documents. Committed to maintaining its industry leadership, Quest continues to invest in advanced technology to deliver high-quality services and products, while also extending its service offerings to national accounts.

National Legal Services

Private Equity Round in 2014
National Legal Services, along with its subsidiaries, specializes in providing medical records and summary services primarily to insurance carriers and law firms. The company offers a comprehensive suite of services that includes medical document retrieval, online document management, and the preparation and servicing of subpoenas. By streamlining access to essential medical information, National Legal Services supports its clients in efficiently managing legal and insurance-related processes.

ioSafe

Private Equity Round in 2014
ioSafe, Inc. specializes in designing and manufacturing disaster-proof data storage solutions aimed at safeguarding digital assets such as photos, videos, and financial records. Founded in 2004 and headquartered in Roseville, California, the company offers a range of products, including fireproof and waterproof external hard drives, rugged portable drives, and network-attached storage systems. These products provide enhanced physical security against fire, flood, and theft, making them suitable for both home and business environments. ioSafe's technology is comparable to that of an aircraft black box, ensuring critical data remains protected. The company distributes its products through a network of global partners and resellers and operates additional locations in Germany, the United Kingdom, and Australia. As of 2018, ioSafe, Inc. functions as a subsidiary of CRU Acquisition Group, LLC.

Resourcing Edge

Private Equity Round in 2014
Resourcing Edge specializes in providing customized workforce management and payroll administration services, focusing on human capital management solutions. The company offers a range of services, including consulting and administrative support, which enable clients to effectively manage their human resource responsibilities while controlling costs and reducing risks. By leveraging advanced technology and a dedicated personal approach, Resourcing Edge delivers tailored solutions that address the specific needs of its clients. This commitment to best practices and expertise ensures that clients receive exceptional service, ultimately benefiting their employees as well.

Waterman Valve

Private Equity Round in 2013
Waterman Valve LLC, based in Exeter, California, is a prominent manufacturer and supplier of water control products, including irrigation gates and valves, serving various markets such as water treatment, wastewater management, agricultural water delivery, hydro-power, and flood control. The company offers a diverse range of products, including slide gates, radial and butterfly gates, drainage gates, and various types of valves, as well as automation systems for gate operations. Waterman Valve caters to government entities like water districts and flood control authorities, as well as agricultural users. With a robust manufacturing operation, the company emphasizes quality through careful monitoring of its fabrication, machining, and testing processes. Founded in 1912, Waterman Valve became a subsidiary of McWane, Inc. in 2018, further enhancing its capacity to deliver effective water management solutions.

Molded Devices

Debt Financing in 2012
MDI – Molded Devices Inc. has developed an excellent reputation as an industry leader in plastics processing with process offerings including plastic dip molding, dip coating, rubber dip molding, custom plastic injection molding, thin-wall blow molding, extrusion, rapid prototyping and numerous value added services including decorating and assembly.

Fulfillment Corporation of America

Private Equity Round in 2012
Fulfillment Corporation Of America provides fulfillment services. Its order fulfillment services include inventory management systems, online order processing, assembly of literature and products, custom pick, custom pack and ship, freight management, and warehousing services

EndoCenter Partners

Acquisition in 2011
Development and management of physician-owned endoscopy and ophthalmology centers.

La Michoacana

Private Equity Round in 2011
La Michoacana is a leading producer, marketer and distributor of premium ice cream and other fine desserts

Administrative Systems, Inc.

Acquisition in 2011
Benefits disbursement software and services to large financial institutions and employee benefit plans.

Anabi Oil

Debt Financing in 2010
Anabi Oil is a distributor and retailer of motor gasoline and diesel fuel, primarily operating in California, with a focus on the Los Angeles and San Francisco Bay areas. The company provides a diverse range of petroleum products to various clients, including banks, brokers, contractors, convenience store vendors, environmental compliance agencies, and equipment manufacturers. By offering a broad selection of fuel products, Anabi Oil enables its customers to select options that best meet their needs.

Quest Discover Services

Venture Round in 2010
Quest Discover Services specializes in litigation support services, primarily catering to the legal and insurance sectors. The company provides a comprehensive range of outsourcing solutions that encompass the acquisition of medical and public records, process serving, document duplication, and deposition reporting. With five full-service offices and two satellite locations throughout California, Quest ensures local support and rapid turnaround times for its clients. This decentralized approach allows for efficient handling of records without the need for central transfer, enabling the company to offer rush and emergency services when required. Additionally, Quest has developed Quest Online, a secure platform that allows clients instant access to electronically duplicated documents. Committed to maintaining its industry leadership, Quest continues to invest in advanced technology to deliver high-quality services and products, while also extending its service offerings to national accounts.

Delta Horseshoe

Acquisition in 2008
Delta Horseshoe Company provides Quality farrier-related products.

Source Logistics

Private Equity Round in 2008
At Source Logistics, we specialize in offering customized logistics and supply chain solutions in US markets such as: Full Service Warehousing, Order Processing, Ecommerce Fulfillment, Marketing Fulfillment, Digital Printing, Complete Transportation Solutions and Information/Data Supply Chain Services. They cater their array of services to multiple types of industries such as: food and beverage, apparel, retail, health and beauty, medical, industrial, technology, financial and others. Their mission is to help US and foreign-based companies expand and offer their services to their US customers. They help companies from all over North America, South America, Europe and Asia increase their market presence in the US through competitive supply chain solutions. They have over 1.2 million square feet of warehouse space, strategically located throughout the US to provide our clients the ability to easily service their customers. Their warehouses are located in Brea, Los Angeles, New Jersey, Portland, Hawaii, Houston and Laredo.

Bonney Plumbing

Debt Financing in 2008
Bonney Plumbing, LLC operates as a plumbing, heating, air conditioning, and sewer and drain company for residential and commercial customers. It offers bathroom remodeling, water conservation, commercial drain cleaning, sewer line, trenchless sewer replacement, furnace repair, furnace tune-up, and heating installation services. The company also sells plumbing, heating, air conditioning, and sewer and drain equipment. Bonney Plumbing, LLC was founded in 1978 and is based in Rancho Cordova, California.

Ultra Gro

Venture Round in 2008
Ultra Gro, LLC is an employee-owned company based in Madera, California. We manufacture and distribute a full line of proprietary liquid fertility products direct to the farmer. The Ultra Gro products have proven to provide high yields, top quality and cost‐effective results in both permanent and annual crops throughout the West. Our customer base stretches from Oregon, throughout all of California and into Mexico. We have 18 crop nutrition consultants on our team with an aggregate of over 300 years of experience.

Delta Horseshoe

Convertible Note in 2007
Delta Horseshoe Company provides Quality farrier-related products.

Administrative Systems, Inc.

Debt Financing in 2007
Benefits disbursement software and services to large financial institutions and employee benefit plans.

Muniservices

Debt Financing in 2006
MuniServices, LLC provides data standardizing and geo-coding programs. Its programs couple the standardization of databases with the incorporation of geographic groupings. The company also maintains a street name dictionary, which is used to ensure that the validity of street name values is accurate and properly structured. MuniServices, LLC was formerly known as MBIA MuniServices Company. The company was incorporated in 1989 and is based in Fresno, California. As of July 1, 2008, MuniServices, LLC operates as a subsidiary of Portfolio Recovery Associates, Inc.

Mulberry Thai Silks

Convertible Note in 2006
Mulberry Neckwear has Designs, manufactures, and distributes neckties.

EndoCenter Partners

Private Equity Round in 2006
Development and management of physician-owned endoscopy and ophthalmology centers.
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