Siena Lending Group completed a $10 million asset-based revolving line of credit and term loan for Southwest Spirits & Wine.
The facility will be used to support the company’s working capital needs and continued growth.
Dallas-based Southwest Spirits is the third largest distillery in Texas and is owned by private equity firm Orox Capital Management. The company distills, bottles, blends, and sells its own brands including Nue Vodka, Title 21 Whiskey, Calamity Gin, and Henderson Whiskey, as well as white-label brands for key business partners. The company’s spirits are sold in 37 states and two countries.
“Southwest Spirits has exhibited tremendous growth since our initial purchase and closing this transaction is an important milestone for the company. We are excited to partner with Siena to enhance and support our continued expansion. Their middle-market lending focus, combined with their team’s understanding of Southwest’s business model, made them an ideal financing provider,” said Mark Martinson, managing partner at Orox Capital._x000D_
Orox Capital Management is a Dallas-based private equity firm focused on making opportunistic investments in middle-market companies.
