NXT Capital backs PNC Riverarch’s acquisition of Tranzonic


NXT Capital has provided a senior credit facility to back PNC Riverarch Capital‘s acquisition of Tranzonic. No financial terms were disclosed. Cleveland-based Tranzonic is a supplier of consumable maintenance, cleaning, safety and hygiene products.

PRESS RELEASE

Chicago, Illinois, April 4, 2018 – NXT Capital announced today that it has provided a senior secured credit facility to support PNC Riverarch Capital’s acquisition of TZ Acquisition Corp d.b.a. Tranzonic.

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

“We are pleased to work with the NXT Capital team again,” said Andrew Barza, Director, PNC Riverarch Capital. “NXT’s team met our timeline to close this transaction and worked collaboratively alongside management and our team to deliver a great solution for the company.”

PNC Riverarch Capital is a middle-market private equity firm which invests in privately held companies headquartered in North America. The firm seeks well-positioned companies where it invests $10 million to $50 million of capital in support of leveraged and management buyouts, recapitalizations, corporate divestitures and growth financings. PNC Riverarch Capital invests across a variety of industry sectors, including consumer products and services, outsourced business services, specialized manufacturing, and value-added distribution.

Headquartered in Cleveland, OH, Tranzonic is a leading supplier of disposable maintenance, cleaning, personal care and safety products to the “away-from-home” marketplace. The Company supplies a variety of disposable sanitary and safety supplies including gloves, industrial wipers, toilet seat covers, feminine hygiene products, air care products, restroom supplies, sorbents and other safety products used by customers in janitorial / office supply, healthcare, dentistry, automotive, foodservice, industrial, safety and a range of other end markets. The Company has a differentiated business model with proprietary brands and global sourcing capabilities and is well-diversified across suppliers, customers and end markets.

NXT Capital provides structured financing solutions through its Corporate Finance and Real Estate Finance groups and is based in Chicago with offices in Atlanta, Dallas, Los Angeles, Nashville, New York and Phoenix. See www.nxtcapital.com for more information.

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