6/10/2015 12:10:00 PM
NEWS BRIEFS
Winzer Inks $16 Million Capital Deal
Capital Southwest Corp. led a $16 million placement of secured subordinated notes in Texas-based fastener distributor Winzer Corp. Capital Southwest funded $8.1 million of the facility and will act as administrative agent.
Congruent Investment Partners, LLC was its co-investor partner on the transaction.
“We are pleased to have the opportunity to partner with Winzer and with Congruent on this opportunity,” said Douglas Kelley, Managing Director of Capital Southwest.
“We were impressed by Winzer’s management team and the unique go-to-market franchise model they have developed that provides a consistent high level of service to its broadly diversified customer base.”
Founded in 1978, Plano, TX-based Winzer distributes fasteners, chemicals, tools and other products to 35,000 customers in the industrial maintenance and repair, and automotive aftermarket sectors.
“Winzer’s innovative franchise system, distribution hubs and warehouses in Texas, California, Nevada, and Michigan, combined with a growing network of FastServ Supply branch locations, deliver a national supplier presence,” stated Capital Southwest.
SPP Capital Partners, LLC acted as financial advisor to Winzer.
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