Capital Southwest agented a first lien term loan to support O2 Investment Partners’ investment in Flip Electronics. PNC Bank served as first-out lender on the transaction and provided a revolving credit facility. Main Street Capital also served as a last-out lender on the term loan.
“We are excited to partner with O2 on its investment in Flip,” Ryan Kelly, principal of Capital Southwest, said. “Flip’s management team has done an excellent job building and growing the business over the last several years.”
“Flip’s end-of-life focus offers a compelling value proposition both for its original component manufacturing partners and customers,” Grant Eason, vice president of Capital Southwest, said.
Capital Southwest is a Texas-based business development company focused on providing financing solutions to support the acquisition and growth of middle market businesses.
Founded by Jason Murphy in 2015, Flip Electronics is an authorized specialty distributor of electronic components to customers across the U.S. and internationally.
O2 Investment Partners is a Midwestern-based private equity firm that seeks to acquire majority interests in lower middle market B2B services, technology and select niche industrial companies.