Business
Capital Southwest Supports Hidden Harbor’s Investment in Air Conditioning Specialist, Inc.
DALLAS, Nov. 15, 2021 (GLOBE NEWSWIRE) -- Capital Southwest Corporation (“Capital Southwest”) (Nasdaq: CSWC), an internally managed business development
About this update from Capital Southwest Corporation
[{"type":"text","content":"DALLAS, Nov. 15, 2021 (GLOBE NEWSWIRE) -- Capital Southwest Corporation (“Capital Southwest”) (Nasdaq: CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, announced today that it backed Hidden Harbor Capital Partner’s (“Hidden Harbor”) refinancing of Air Conditioning Specialist, Inc. (“ACS” or the “Company”) with a senior secured first lien term loan and a minority equity co-investment. Capital Southwest led the financing and will act as the sole administrative agent on the facility. \"We are excited to partner with Hidden Harbor on its investment in ACS and look forward to supporting the continued growth of the platform throughout the Southeast,” said Ryan Kelly, Managing Director at Capital Southwest. Grant Eason, Senior Vice President at Capital Southwest, said, “The ACS team has developed a strong reputation as one of the premier residential and commercial HVAC companies having operated in Georgia for over 50 years.” Founded in 1967 and headquartered in Covington, GA, ACS is a leading provider of heating, ventilation, and air conditioning (“HVAC”) maintenance, retrofit, and new construction installation and service in Georgia. The Company serves commercial and residential customers for all their installation, break/fix, and/or maintenance needs. For additional information on ACS, please visit www.theairconditioningspecialist.com. About Capital Southwest Capital Southwest Corporation (Nasdaq: CSWC) is a Dallas, Texas-based, internally managed business development company with approximately $818 million in investments at fair value as of September 30, 2021. Capital Southwest is a middle market lending firm focused on supporting the acquisition and growth of middle market businesses with $5 million to $25 million investments across the capital structure, including first lien, second lien and non-control equity co-investments. As a public company with a permanent capital base, Capital Southwest has the flexibility to be creative in its financing solutions and to invest to support the growth of its portfolio companies over long periods of time. About Hidden Harbor Capital Partners Hidden Harbor, based in Boca Raton, FL, is a private equity firm with an operations soul and intense passion for building great co...