NXT Capital has provided a senior credit facility to back Sunny Sky Products‘ acquisition of DWS. No financial terms were disclosed. South Burlington, Vermont-based DWS is a specialty beverage company. Sunny Sky Products is a portfolio company of Seidler Equity Partners.
Chicago, Illinois, February 7, 2018 – NXT Capital announced today that it has provided a senior secured credit facility to support Sunny Sky Products’ acquisition of DWS. Sunny Sky Products is a portfolio company of Seidler Equity Partners.
NXT Capital acted as the Sole Lead Arranger, Administrative Agent and Sole Bookrunner for this transaction.
“We are excited to begin this relationship with NXT Capital as a financial partner,” said Ashley Edens, President and Chief Executive Officer, Sunny Sky Products. “With this facility, we are well positioned to execute on our short and long-term growth strategy.”
Houston-based Sunny Sky Products is a premium dispensed beverage manufacturer of cold dispensed, hot-dispensed, frozen beverages and beverage enhancers for convenience stores, schools and restaurants that was established in 1999. Their product portfolio includes brands such as Hershey’s Freeze, Jolly Rancher Slush, Pure® Craft Beverages, El Nino Aguas Frescas® and Original Slushie Company®. Sunny Sky distributes its products in over 20 countries worldwide.
DWS, Inc. is a specialty beverage company selling primarily to retail stores and distributors throughout North America through Selection Unlimited and the Nec’tar Cappuccino Group. The company is based in South Burlington, Vermont.
“This was our first experience with the NXT Capital team and we were very pleased,” said Eric O’Brien, Vice President, Seidler Equity Partners. “NXT provided a swift financing solution that addressed all of our needs and a smooth closing process.”
Seidler Equity Partners is a private investment firm that partners with company owners and management teams to help them achieve their strategic vision to expand their businesses. Based in Los Angeles, California, the firm has more than $1.5 billion of capital being managed by a deep team of experienced and talented professionals across both the U.S. and Australia.
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.