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.
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.
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