Capital Southwest Corporation announced it invested $8 million of an $18 million first lien term loan to LRI Energy Solutions (“LRI”), a portfolio company of DFW Capital Partners. Alcentra Capital Corporation was agent on the transaction.
LRI, based outside of Annapolis, MD, is a leading provider of comprehensive services for energy and water efficiency projects. The Company’s blue-chip clients include both energy service companies (ESCOs) and utilities. LRI’s clients rely on the Company for design, engineering, project management, analysis and monitoring for energy efficiency projects primarily in the Federal and MUSH (Municipalities, Universities, Schools and Hospitals) markets. LRI offers turnkey solutions and rapid implementation of cutting edge energy and water saving technologies that provide immediate and meaningful savings for facility owners. LRI has completed over 650 projects throughout the United States and internationally since its’ founding and has helped its clients save millions in kWh and billions of gallons of water.
Capital Southwest Corporation is a Dallas, Texas-based publicly traded business development company, with approximately $279 million in net assets as of September 30, 2016. Capital Southwest is a middle market lender focused on supporting the acquisition and growth of middle market businesses with investments from $5 to $20 million across the capital structure, including first lien, unitranche, second lien and subordinated debt, as well as non-control equity co-investments. Since Capital Southwest's formation in 1961, it has always sought to invest in companies with strong management teams and sound financial performance. As a public company with a permanent capital base, Capital Southwest is fortunate to have the flexibility to be creative in its financing solutions and to invest to support the growth of its portfolio companies over long periods of time.