Capital Southwest Supports IntelliSite’s Acquisition of Broad Sky Networks
December 17 2020 - 9:28AM
Capital Southwest Corporation (“Capital Southwest”) (Nasdaq:CSWC),
an internally managed business development company focused on
providing flexible financing solutions to support the acquisition
and growth of middle market businesses, announced today that it
recently supported the acquisition of Broad Sky Networks, Inc.
(“Broad Sky”) by IntelliSite Corporation (“IntelliSite”), a
portfolio company of DFW Capital Partners (“DFW”). Concurrent with
the acquisition, IntelliSite created a new international,
technology-focused, holding company EPIC IO Technology (“EPIC IO”)
comprised of Broad Sky and IntelliSite as independent subsidiaries.
CSWC supported the transaction with a first lien financing in Broad
Sky and an equity co-investment in EPIC IO. Capital Southwest led
the financing transaction and serves as the sole administrative
agent on the credit facility.
“We are pleased to partner with DFW on its
acquisition of Broad Sky. Through its existing investment in
IntelliSite, DFW and the management team are building a robust
technology services platform offering IoT solutions, wireless
connectivity and AI services that is well-positioned for growth,”
stated Douglas Kelley, Managing Director of Capital Southwest.
Rachel Bazan, Vice President of Capital Southwest, said “Broad
Sky’s recently launched Wireless Window™ platform positions
the Company to continue to be the preeminent partner for customers’
wireless connectivity services.”
Founded in 2003, Broad Sky is a leading,
single-source wireless provider for primary, temporary, failover,
IoT, POTS replacement, satellite, and Future 5G across the U.S. and
Canada. The company custom-engineers connectivity solutions for
mid-market and enterprise customers designed to scale with their
existing and future network infrastructure requirements.
IntelliSite® provides the industry's most
complete AI-enabled Edge Computing solution. Its applied solutions
of Heuristic-Based Monitoring (hBM) and Smart Communities
as-a-Service (SCaaS) are utilized by mid-market and
enterprise-class customers, partners, and federal, state, and local
governments worldwide. IntelliSite’s discovery and assessment
methodology, combined with its blue-chip Partner Ecosystem and
world-class IntelliCare service and support, delivers the very best
outcome-based solutions and sets industry standards for the most
reliable edge computing solution for their clients.
About Capital Southwest
Capital Southwest Corporation (Nasdaq: CSWC) is
a Dallas, Texas-based, internally managed business development
company, with approximately $286 million in net assets as of
September 30, 2020. Capital Southwest is a middle market lending
firm focused on supporting the acquisition and growth of middle
market businesses with $5 to $25 million investments across the
capital structure, including first lien, unitranche, second lien,
subordinated debt and non-control equity co-investments. As a
public company with a permanent capital base, Capital Southwest has
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.
About DFW Capital Partners
DFW Capital Partners is a private equity
investment firm focused on lower middle-market companies. The firm
concentrates on service companies, with an emphasis on healthcare
and outsourced business and industrial support services. DFW has
established a 20+ year track record of success in building leading
companies. DFW is headquartered in Teaneck, New Jersey and
maintains an office in Chevy Chase, Maryland. For more information
visit www.dfwcapital.com.
Forward-Looking Statements
This press release contains historical
information and forward-looking statements with respect to the
business and investments of Capital Southwest. Forward-looking
statements are statements that are not historical statements and
can often be identified by words such as "will," "believe,"
"expect" and similar expressions and variations or negatives of
these words. These statements are based on management's current
expectations, assumptions and beliefs. They are not guarantees of
future results and are subject to numerous risks, uncertainties and
assumptions that could cause actual results to differ materially
from those expressed in any forward-looking statement. These risks
include risks related to: changes in the markets in which Capital
Southwest invests; changes in the financial, capital, and lending
markets; regulatory changes; tax treatment and general economic and
business conditions; and uncertainties associated with the impact
from the COVID-19 pandemic, including its impact on the global and
U.S. capital markets and the global and U.S. economy, the length
and duration of the COVID-19 outbreak in the United States as well
as worldwide and the magnitude of the economic impact of that
outbreak; the effect of the COVID-19 pandemic on our business
prospects and the operational and financial performance of our
portfolio companies, including our ability and their ability to
achieve their respective objectives, and the effects of the
disruptions caused by the COVID-19 pandemic on our ability to
continue to effectively manage our business.
Readers should not place undue reliance on any
forward-looking statements and are encouraged to review Capital
Southwest's Annual Report on Form 10-K for the year ended March 31,
2020 and subsequent filings, including the "Risk Factors" sections
therein, with the Securities and Exchange Commission for a more
complete discussion of the risks and other factors that could
affect any forward-looking statements. Except as required by the
federal securities laws, Capital Southwest does not undertake any
obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events,
changing circumstances or any other reason after the date of this
press release.
Investor Relations
Contact:Michael S. Sarner, Chief Financial
Officer214-884-3829
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