NXT Capital has provided Resource Label Group with $53.5 million in debt financing to fund the acquisition of Pamco Printed Tape & Label Co., the company announced Tuesday. NXT Capital served as the sole lead arranger, sole bookrunner and administrative agent. Resource Label Group is backed by First Atlantic Capital. The company manufactures pressure-sensitive label for the packaging industry.
An earlier version of this story misstated the funding provided.
NXT Capital today announced that it provided $53.5 million in secured senior credit facilities to fund Resource Label Group, LLC’s add-on acquisition of Pamco Printed Tape & Label Co., Inc.
NXT Capital served as the sole lead arranger, sole bookrunner and
administrative agent for this transaction.
Resource Label Group, a portfolio company of First Atlantic Capital, Ltd.,
is a leading pressure-sensitive label manufacturer focused primarily on
the packaging industry. The company has locations in Franklin and Memphis,
Pamco Printed Tape & Label Co., Inc. is a Des Plaines, Illinois-based
manufacturer of pressure-sensitive labels serving consumer nondurable
markets such as food and beverage, health and beauty, confection and
First Atlantic Capital is a leading middle-market private equity firm with
a continuing interest in plastics and packaging, branded foods, food
processing, industrial and consumer goods and business services
industries. Since its inception in 1989, First Atlantic has acquired 59
companies and consolidated them into 20 major platforms.
“NXT Capital has been very supportive of Resource Label Group and its
growth strategy,” said First Atlantic Capital Principal Emilio Pedroni.
“We were quite impressed with NXT’s seamless and smooth execution.”
NXT Capital (www.nxtcapital.com) is a privately held middle-market focused
commercial finance company that provides structured financing solutions
through its Corporate Finance and Real Estate Finance groups. The company
targets senior secured financing opportunities of up to $150 million with
a typical hold size ranging from $10 million to $40 million. NXT is
headquartered in Chicago, and has offices in New York, Atlanta, Dallas and