Capital Southwest, an internally managed business development company, provided a split lien term to Hybrid Apparel to supports its acquisition of Air Waves. Capital Southwest led the financing and will act as the sole administrative agent on the credit facility. Main Street Capital is also a lender for the split lien term loan. Hybrid Apparel is a portfolio company of Altamont Capital Partners.
“We are thrilled to partner with Altamont and Hybrid on their acquisition of Airwaves,” Josh Weinstein, senior managing director of Capital Southwest, said. “Hybrid’s reputation precedes itself as a leading design and apparel distribution company for retailers and e-commerce platforms alike.”
“The partnership with Air Waves will expand upon Hybrid’s existing service offering and make a high-value print-on-demand service available to Hybrid’s customers,” Spencer Klein, senior vice president of Capital Southwest, said. “This will be a great strategic addition for the Altamont and Hybrid teams.”
Founded in 1997, Hybrid Apparel is a design, development, sourcing, production and apparel distribution company based in Cypress, CA.
Founded in 1981, Air Waves is a provider of on-demand garment printing and fulfillment services.
