Capital Southwest, an internally managed business development company, backed Culper Capital Partners’ investment in The Producto Group with a senior secured first lien term loan and a minority investment in the common equity. The Producto Group was formed by Culper Capital Partners’ acquisition of Ring Precision Components, New Vision Industries and Dieco. Capital Southwest led the financing and will act as the sole administrative agent on the facility.
“We are thrilled to partner with Culper on the formation of its first operating platform, Producto. We look forward to supporting Culper and the company as they continue to deliver high quality tooling and components for their customers across a variety of industries,” Josh Weinstein, senior managing director at Capital Southwest, said.
“Producto is well positioned to gain wallet share with existing customers and acquire new customers with their advanced equipment and industry expertise,” Spencer Klein, senior vice president at Capital Southwest, said. “The principals of Culper have a wealth of experience in the precision tooling manufacturing space and will undoubtedly use that background to help drive growth for the platform.”
