Graham Partners buys OptConnect

Graham Partners has acquired Utah-based OptConnect LLC, a provider of wireless connectivity solutions for unattended equipment including wireless ATMs, self-service kiosks, micro-markets and digital signage. NXT Capital provided a $38 million loan to back the transaction.

PRESS RELEASE

Chicago, Illinois, January 3, 2018 – NXT Capital announced today that it has provided a $38 million senior secured credit facility to support Graham Partners’ acquisition of OptConnect, LLC.
NXT Capital acted as the Sole Lead Arranger, Administrative Agent and Sole Bookrunner for this transaction.

“NXT Capital was an exceptional financing partner for our acquisition of OptConnect,” said Jason Crowl, Principal, Graham Partners. “The NXT team went above and beyond to meet very tight deadlines to ensure a timely close. We look forward to working with NXT Capital again in the future.”

Graham Partners is a private investment firm focused on investing in businesses with advanced manufacturing know-how, innovative product development capabilities, and strong growth potential. Based in suburban Philadelphia, the firm has access to extensive operating resources and industrial expertise as a member of The Graham Group, an alliance of independently owned and operated industrial and investment management businesses that share in the common legacy of plastic packaging entrepreneur Donald C. Graham.

OptConnect is a leading one-stop-shop provider of wireless connectivity solutions for unattended equipment including wireless ATMs, self-service kiosks, micro-markets and digital signage. The company’s solution combines proprietary device configuration, network monitoring and reliable wireless IoT connectivity to provide a cost effective, dependable and secure total managed platform.

Headquartered in Kaysville, UT, OptConnect serves over 3,000 customers with over 85,000 installed units. The company offers an attractive value proposition to customers with an easy to install, bundled solution designed to meet the evolving complexity of customer needs.

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.