NXT Capital Backs NSi Industries Recap

NXT Capital has provided provided a $32 million senior secured facility to fund Summit Park’s recapitalization of NSi Industries, the firm announced Wednesday. Summit Park is based in Charlotte, North Carolina. NSi Industries makes electrical connectors, time switches, and wire management products.

PRESS RELEASE

NXT Capital today announced that it has provided a $32 million senior secured facility to fund Summit Park’s recapitalization of NSi Industries, LLC.

NXT Capital was the Sole Lead Arranger, Sole Bookrunner and Administrative Agent for this transaction.

Summit Park is a private investment firm that targets lower middle-market opportunities in the Southeastern United States across a wide range of industries, with particular emphasis on businesses with revenue between $10 and $100 million. Summit Park is based in Charlotte, North Carolina.

NSi Industries is a leading designer, manufacturer and marketer of a wide variety of electrical connectors, time switches, wire management products and related electrical components for construction, maintenance and repair applications. Headquartered near Charlotte, North Carolina, NSi’s well-known brands include Polaris®, Tork® and Easy-Twist®.

“NXT Capital has been an outstanding financing partner on the transactions we’ve done with them,” said Jim Johnson, Managing Partner of Summit Park. “The NXT team was flexible, responsive and made it easy to execute on this deal.”

NXT Capital provides structured financing solutions to middle-market and emerging growth companies, as well as real estate investors, through its Corporate Finance, Venture Finance and Real Estate Finance groups. Based in Chicago with offices in New York, Atlanta, Boston, Dallas, Newport Beach and Silicon Valley, NXT Capital targets senior financing opportunities of up to $150 million with a hold size up to $50 million. See www.nxtcapital.com for more information.

###

PRIVILEGED AND CONFIDENTIAL
This e-mail message and/or any attachments thereto (the “Communication”) are intended only for the use of the individual or entity to which it is addressed and may contain information that is privileged, confidential and exempt from disclosure. If you are not the intended recipient, or believe that you have received this Communication in error, please do not disseminate, distribute, print, copy, retransmit (except as set forth in the next sentence), or otherwise use this Communication. Instead, please notify the sender of the Communication immediately by return e-mail (including the original message in your reply) and by telephone (you may call NXT Capital toll-free at 1-877-698-6111) and then delete and discard all copies of the e-mail. Thank you.

Related Posts

Leave a Reply

PEHUB Community

Join the 12493 members of peHUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Psst! Got any hot tips?

  • This field is for validation purposes and should be left unchanged.

Look Who’s Tweeting

Reuters VC and PE feed

RSS Feed Widget

Groups