OKLAHOMA CITY, OK (October 3, 2019) Norman, OK-based Southwestern Wire, Inc. (SWI) has obtained a new senior term loan credit facility from Oklahoma Fidelity Bank. Infinity Capital Partners served as investment banking advisor to SWI.
SWI is a manufacturer of industrial wire, recycling wire, high carbon wire, and chain link fencing, with three manufacturing facilities in Norman, OK, Tulsa, OK, and McClellan, CA. The company has been in business for over 25 years serving customers throughout the U.S.
In addition to its manufacturing operations, SWI now operates five distribution facilities across the Midwest providing an assortment of fencing products, including SWI’s own wire products, to builders, contractors, and retail customers. SWI is expected to utilize the new term loan to support growth in its distribution segment.
“Southwestern Wire has built a strong platform for the manufacturing and distribution of various steel wire and fencing products, and this new term facility will provide the company the flexibility it needs to continue expanding their geographic footprint,” said Evan Grace, Managing Partner at Infinity Capital Partners and project lead. “We think very highly of Oklahoma Fidelity Bank, and we expect they will make a great partner for the SWI team.”
About Southwestern Wire
Founded in 1992, Southwestern Wire has grown to over 230 employees with three manufacturing facilities and five distribution facilities. As a manufacturer, the company provides products for various segments of the steel wire business such as galvanized wire, bailing wire, high tension wire, and chain link fencing. The company’s distribution segment is a wholesaler of all forms of fencing products including chain link fencing, vinyl fencing, wood fencing, gates, and other related products for builders, contractors, and retail consumers. For more information, visit www.southwesternwire.com.
About Oklahoma Fidelity Bank
Oklahoma Fidelity Bank is a division of Fidelity Bank, headquartered in Wichita, KS. A fourth-generation family-owned bank established in 1956, Fidelity Bank operates 20 retail branches throughout Kansas and Oklahoma. For more information, visit www.okfidelitybank.com.
About Infinity Capital Partners
Infinity Capital Partners is an Oklahoma City-based middle-market investment bank offering a broad range of advisory services to private companies and financial sponsors across a variety of industries. Infinity works closely with owner-operators, shareholders, founders, and management teams of private companies to provide tailored services that include M&A advisory, debt and equity solutions, recapitalizations, and strategic advisory. For more information about Infinity Capital Partners, including a list of current projects, please visit our website at www.infinitycapitalpartners.com. Securities placed through Infinity Capital Securities, LLC. Member FINRA.
Infinity Capital Partners