Comvest acquires Spinrite

Comvest Partners, West Palm Beach, Fla., has acquired Spinrite LP, a North American craft company and provider of craft knitting yarns. JW Levin Management Partners also co-invested in the transaction and will work with Comvest as executive partners. Founded in Listowel, Ontario, in 1952, Spinrite is recognized as a leader in the craft knitting yarns by retailers and consumers due to the strength of its portfolio of brands, best-in-class design team and industry-leading digital marketing capabilities.