Chicago, IL – NXT Capital announced today that it closed a senior credit facility in support of Agellus Capital’s acquisition of CompassMSP, which merged with Agellus’ existing managed IT portfolio company, BlackPoint IT Services.
NXT Capital acted as Joint Lead Arranger and Administrative Agent on this transaction.
“NXT Capital was insightful, helpful, and proactive in structuring this transaction to achieve the best possible results,” said Beau Thomas, Managing Partner, Agellus Capital. “We look forward to working with the NXT Capital team in the future.”
Founded in 2024 and based in Clayton, Missouri, Agellus Capital (“Agellus”) partners with founders, families, and management teams to drive transformational growth in non-discretionary, essential services businesses in the United States and Canada. Agellus targets platforms of $2 million to $20 million of EBITDA in large, fragmented markets and aims to be the partner of choice in the middle market for its portfolio companies, investors, and people.
CompassMSP is a premier provider of managed IT services and cybersecurity solutions. It is committed to delivering tailored technology solutions that drive efficiency and innovation. From proactive IT management to advanced cybersecurity, CompassMSP helps businesses secure their future in today’s digital age.
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 $32 billion in loan commitments in more than 520 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.