Chicago, IL – NXT Capital announced today that it closed a senior credit facility in support of River Associates Investments, L.P.’s acquisition of ID Label.
NXT Capital acted as Sole Lead Arranger, Sole Bookrunner, and Administrative Agent on this transaction.
“We are pleased to close another deal with NXT Capital,” said Blake Lewis, Principal, River Associates Investments, L.P. “Their team showed great expertise, making it a seamless process from start to finish. We look forward to continuing this partnership in the future.”
River Associates Investments, L.P. (“River Associates”) is a private equity firm based in Chattanooga, TN, which has focused exclusively on investing in the lower middle market for 35 years. River Associates is opportunistic as to industry and has invested in numerous niche manufacturers, high margin distributors, industrial service providers and business service companies. Target businesses can be privately held, private equity-backed, or divestitures from larger companies. Since its founding in 1989, River Associates has completed 120+ transactions.
Since 1994, ID Label has been one of the nation’s leading manufacturers of custom, variable-information barcode labels and asset tags. Their solutions are used by thousands of global organizations to keep their businesses moving with efficiency, speed and accuracy. ID Label provides design engineering, production, signage and nationwide installation services for organizations in the warehousing, supply chain, manufacturing, electronics, calibration, medical, laboratory, lumber and library markets.
NXT Capital provides structured financing solutions through its Direct Lending group and targets U.S.-based borrowers with EBITDA between $5 million and $50 million. Since NXT Capital’s inception in 2010, their Direct Lending team has closed over $29 billion in financing commitments in more than 500 platform transactions. NXT Capital is based in Chicago with offices in Atlanta, Dallas, and New York and is the direct lending focused wholly-owned subsidiary of ORIX Corporation USA.