Public Company Financial Services

Capital Southwest

Dallas, Texas, United States

Capital Southwest (NASDAQ: CSWC) is an internally managed, credit-focused business development company (BDC) that provides flexible capital to lower-middle-market companies across the capital structure (unitranche debt, first lien, second lien, subordinated debt, and preferred/common equity, including co-investments).

Focus Areas
Business development companies (BDCs), Credit / structured lending, Middle-market lending

Tracked deals

12

12 tracked deals across 2019-2026.

Recent pace

1

1 tracked deal announced in the last 12 months.

Deal mix

Addon

6 addon · 4 buyout · 2 recapitalization

Capital Southwest Acquisition Volume by Year

Last 7 years

Acquisition volume by year Annual acquisition counts for the last 7 years for Capital Southwest. 1 2019 2 2021 2 2022 2 2023 2 2024 2 2025 ~1 est. 1 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

  • Buyer
    Saothair Capital Partners, LLC, Capital Southwest Corporation (NASDAQ: CSWC)
    Target
    Air Products & Controls Inc. (APC)

    Saothair Capital Partners announced the successful recapitalization of its portfolio company, Air Products & Controls Inc. (APC). The new financing was provided by Capital Southwest Corporation, refinancing the company’s existing debt and supporting its continued operations.

  • Buyer
    Surge Private Equity LLC, Capital Southwest Corporation
    Target
    White Plains Linen
    Seller
    Bruce Botchman
    Type
    Buyout

    Surge Private Equity closed a majority investment in White Plains Linen, a Peekskill, New York-based commercial laundry and linen rental provider. The transaction was valued at over $50 million and closed with debt financing provided by Capital Southwest Corporation; Surge will support WPL's growth and operations in the New York metropolitan hospitality market.

  • Buyer
    Ignite Visibility, Mountaingate Capital, Capital Southwest Corporation
    Target
    Outliant
    Type
    Addon

    Ignite Visibility, a San Diego-based digital marketing agency backed by Mountaingate Capital, has acquired Outliant, a web development and digital marketing firm that specializes in complex, multi-location clients. The deal expands Ignite Visibility’s technical web development capabilities and grows its team to over 350 professionals; financing was provided by Capital Southwest Corporation.

  • Buyer
    Island Pump and Tank, Hidden Harbor Capital Partners, Capital Southwest Corporation, Main Street Capital Corporation
    Target
    S&W Services, Inc.
    Type
    Addon

    Island Pump and Tank, a portfolio company of Hidden Harbor Capital Partners, has acquired S&W Services, Inc., a Syracuse-based provider of distribution, service, and inspection for petroleum, commercial and critical infrastructure customers. The deal expands Island Pump's footprint in Upstate New York (Syracuse and Rochester) and adds a new location in Glen Burnie, Maryland; financing was provided by Capital Southwest Corporation and Main Street Capital Corporation.

  • Buyer
    Island Pump and Tank, Hidden Harbor Capital Partners, Capital Southwest Corporation
    Target
    C 3 Technologies LLC
    Type
    Addon

    Island Pump and Tank, a portfolio company of Hidden Harbor Capital Partners, has acquired C 3 Technologies LLC, a New Jersey-based provider of petroleum tank service, compliance, testing, disposal and installation services. The acquisition densifies Island Pump's Northeastern footprint and expands its compliance and testing capabilities; financing for the transaction was provided by Capital Southwest Corporation and C 3 founder Manny Alvarez will remain involved.

  • Buyer
    Ignite Visibility, Mountaingate Capital, Capital Southwest Corporation
    Target
    Integrated Digital Strategies
    Type
    Buyout

    Ignite Visibility has acquired Integrated Digital Strategies (IDS), an Orlando-based digital marketing agency focused on franchisor/franchisee marketing, to strengthen Ignite's national-to-local franchise marketing capabilities. The deal — Ignite's first since partnering with Mountaingate Capital in February 2023 — was supported by financing from Capital Southwest Corporation and advised by Lakeside Partners and Karr Tuttle Campbell for IDS.

  • Buyer
    Island Pump and Tank, Hidden Harbor Capital Partners, Capital Southwest Corporation
    Target
    Petroleum Equipment Construction, Inc.
    Seller
    Benjamin Bathke, Jeffrey Caldwell
    Type
    Addon

    Island Pump and Tank, a portfolio company of Hidden Harbor Capital Partners, has acquired Petroleum Equipment Construction, Inc. (PEC), a Lockhart, Florida–based provider of maintenance, testing, repair and installation services for petroleum storage, fueling systems and point-of-sale equipment. The add-on expands Island Pump’s geographic footprint into Florida and enhances service coverage for its existing customers; Capital Southwest Corporation provided financing for the transaction.

  • Buyer
    SIB Holdings, O2 Investment Partners, Tree Line Capital Partners, Stellus Capital Management, Capital Southwest, LBC Small Cap
    Target
    GETIDA
    Industry
    Cloud & SaaS
    Type
    Addon

    SIB Holdings, backed by O2 Investment Partners and supported by several financial partners, has made a strategic investment in GETIDA, a software and service provider that helps Amazon sellers recover lost FBA reimbursements. The investment will provide GETIDA with capital to build out its technology, expand globally, and broaden savings offerings beyond Amazon.

  • Buyer
    SIB Holdings, O2 Investment Partners, Tree Line Capital Partners, Stellus Capital Management, Capital Southwest, LBC Small Cap
    Target
    Vector97
    Type
    Addon

    SIB Holdings has made a strategic add-on investment in Vector97, a tech-enabled waste and recycling expense management firm, as announced by O2 Investment Partners. The transaction expands SIB’s service capabilities and customer reach across multi-family residential, commercial, medical, and industrial end markets with support from financial partners including Tree Line Capital Partners, Stellus Capital Management, Capital Southwest, and LBC Small Cap.

  • Buyer
    Xyresic Capital, Capital Southwest Corporation
    Target
    Tele-Town Hall LLC
    Type
    Buyout

    Chicago-based private equity firm Xyresic Capital acquired Tele-Town Hall LLC, a mass-communications services provider. Dallas-based Capital Southwest Corporation backed the transaction by providing a senior secured first-lien term loan and a second-lien term loan and will act as administrative agent on the facility.

  • Buyer
    Eden Capital, Capital Southwest Corporation, Main Street Capital Corporation
    Target
    Wall Street Prep
    Industry
    Education
    Type
    Buyout

    New York-based private equity firm Eden Capital has acquired Wall Street Prep, a Brookline, Massachusetts-based financial training firm; the transaction is supported by financing and a minority co-investment from Capital Southwest Corporation and participation from Main Street Capital. Eden plans to expand Wall Street Prep’s global reach and deepen its content and technical capabilities to serve corporate, university, and individual customers.

  • Buyer
    Five Points Capital, Pleasant Bay Capital, Crescendo Capital, Capital Southwest Corporation, Mike Dager
    Target
    GrammaTech, Inc.
    Industry
    Cybersecurity

    Five Points Capital, alongside co-investors Pleasant Bay Capital, Crescendo Capital and Capital Southwest Corporation and new CEO Mike Dager, completed a recapitalization of GrammaTech, a developer of software-assurance tools and application-security solutions. The transaction establishes a new leadership team (Mike Dager as CEO) and positions GrammaTech to expand in the growing application-security market serving government and commercial clients.

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