ShoreView Industries has acquired Plano, Texas-based Winzer Corp, a distributor of maintenance repair supplies. No financial terms were disclosed; however, Antares Capital is providing financing to support the transaction.
CHICAGO–(BUSINESS WIRE)–Antares Capital announced today it is serving as administrative agent and sole lead arranger on a senior secured credit facility to support the acquisition of Winzer Corporation (“Winzer”) by ShoreView Industries.
Headquartered in Plano, TX, Winzer is a leading distributor of maintenance repair supplies. With a fully automated warehouse system, 99 percent fill-rate, extensive customer service and a network of independently owned franchises, Winzer Corporation is a single source supplier for automotive and industrial maintenance repair supplies.
“We’ve worked closely with Antares since the inception of our firm and value the speed and flexibility with which they deliver,” said Tom D’Ovidio, partner with ShoreView. “We were pleased to have Antares lead the financing for our investment in Winzer, the fifth transaction we’ve closed with their support within the last year.”
“With over 70,000 products, 30,0000 customers and 275 franchisees, Winzer is an established leader in the industrial maintenance supply market,” said Dave Swanson, managing director with Antares. “We look forward to supporting Winzer and ShoreView as together they continue to grow and expand the company,”
About ShoreView Industries
ShoreView Industries, a Minneapolis, Minnesota-based firm, was founded in 2002 and manages three funds for a combined total of $900 million. The firm partners with family and entrepreneurial-owned companies that span across several business sectors. ShoreView is involved with industries such as engineered products, distribution, industrial services, business services, and niche consumer product companies.
Antares Capital is a credit manager and leading provider of financing solutions for middle-market, private equity-backed transactions. Offices are located in Atlanta, Chicago, Los Angeles, New York, Norwalk and Toronto. Antares issued more than $18 billion in financing during 2016, and was named 2017 Lender of the Year by ACG NY and 2015 Dealmakers of the Year by Mergers & Acquisitions. Visit us at www.antares.com or follow Antares Capital on Twitter at https://www.twitter.com/antarescapital. Antares Capital is a subsidiary of Antares Holdings LP.