Capital Southwest supported the majority recapitalization of American Nuts by Gauge Capital with a first lien term loan (including a delayed draw term loan), a revolving credit facility and an equity co-investment.
Capital Southwest acted as the sole administrative agent on the credit facility. Main Street Capital was the co-lender on the term loan.
“We are pleased to have the opportunity to partner with Gauge on the majority recapitalization of American Nuts,” said Josh Weinstein, managing director of Capital Southwest. “American Nuts’ rigorous sourcing operations and value-add processing capabilities create substantial value for its clients. We look forward to our partnership with Gauge and American Nuts.”
Headquartered in Sylmar, CA, American Nuts focuses on the procurement of a wide variety of high quality, hard-to-source products from around the globe. The company provides custom roasting, seasoning and packaging solutions to numerous retail and industrial food customers.