Capital Southwest announced it led a $16 million placement of secured subordinated notes in Winzer, a leading distributor of fasteners and industrial maintenance products to more than 35,000 customers across a diversified base of market sectors. Capital Southwest funded $8.1 million of the facility and will act as administrative agent.

Congruent Investment Partners 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.”

“Winzer represents an excellent example of Capital Southwest continuing its long history of providing capital to leading middle market companies, but with its new credit focus,” added Bowen S. Diehl, chief investment officer of Capital Southwest. “We have known the principals at Congruent for many years and know them to be highly astute investors and great partners. Further, we have been pleased thus far with the investment pipeline that we have been able to generate, as we are seeing some very interesting investment opportunities from our relationships with financial sponsors, intermediaries, banks and other lenders.”

Plano, TX-headquartered Winzer distributes fasteners, chemicals, tools and other products to industrial maintenance and repair, and automotive aftermarket sectors.