NXT Provides $84 Mln Loan Backing Blue Point’s Buy of Smith-Cooper

NXT Capital said Monday it provided an $84 million senior secured facility to fund Blue Point Capital Partners’ buy of Smith-Cooper International. Last week, Blue Point announced it was buying Smith-Cooper, of Commerce, Calif., a distributor of pipe, valves and fittings.


NXT Capital today announced that it has provided an $84 million senior secured facility to fund Blue Point Capital Partners’ acquisition of Smith-Cooper International.

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

Smith-Cooper (www.smithcooper.com) offers over 22,000 SKUs and serves more than 2,500 customers globally. The Company’s diverse industrial maintenance, repair and operations product offering enables it to serve a broad range of end markets including commercial and industrial, energy, chemical and petrochemical refining, and fire protection, among others. The company is based in Commerce, California.

Founded in 1990, Blue Point Capital Partners (www.bluepointcapital.com) manages over $800 million in committed capital. With an emphasis on the lower middle market, Blue Point invests in manufacturing, distribution and services businesses and has offices in Charlotte, Cleveland, Seattle and Shanghai.

“NXT Capital was an outstanding partner for this acquisition,” said Juli Marley, Partner, Blue Point Capital Partners. “We have a longstanding relationship with NXT and it has proven to be a responsive, reliable partner.”

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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