DALLAS, Aug. 15, 2017 (GLOBE NEWSWIRE) -- Capital Southwest Corporation (Nasdaq:CSWC) announced today that it supported the recent acquisition of Alliance Sports Group, L.P. and its related entities by LKCM Headwater Investments, the private investment arm of Luther King Capital Management. Capital Southwest invested $10.1 million of subordinated notes and also made an equity co-investment in the transaction.

"We are pleased to have the opportunity to partner with the Headwater team on the acquisition of Alliance Sports Group," said Douglas Kelley, Managing Director of Capital Southwest. “We are impressed with the company’s unique go-to-market strategy and believe that Headwater’s experience in working with management teams to drive growth will benefit the company as it looks to continue to drive shareholder value in its next chapter.”

Alliance Sports Group, headquartered in Grand Prairie, Texas, designs and markets a broad range of branded consumer products known for their innovative designs, unique features, and high quality across multiple product categories in the outdoor enthusiast and active lifestyle market. The Company distributes these products through six different brands: NEBO (flashlights and lighting tools), iProtec (lighting and firearm accessories), True Utility (utility and everyday carry tools), Bollinger (fitness accessories) and WeatherRite and Quarrow (outdoor lighting and fishing accessories).

About Capital Southwest

Capital Southwest Corporation (Nasdaq:CSWC) is a Dallas, Texas-based, Internally Managed Business Development Company, with approximately $287.4 million in net assets as of June 30, 2017. Capital Southwest is a middle-market lending firm focused on supporting the acquisition and growth of middle market businesses. Capital Southwest makes investments ranging from $5 to $20 million in securities 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.