Chicago, IL – NXT Capital announced today that it closed a senior credit facility in support of The Capstreet Group’s add-on acquisition and refinancing of The Colt Group.
NXT Capital acted as Joint Lead Arranger on this transaction.
Founded in 1990, The Capstreet Group (“Capstreet”) invests in lower middle market software, tech-enabled services, and industrial business services companies. With more than 50 platform investments and more than 200 add-on acquisitions since inception, Capstreet’s investment strategy is focused on utilizing its Capvalue Framework® to help accelerate growth and profitability, and create long-term sustainable businesses. The majority of Capstreet’s investments have been with founder- or entrepreneur-owned businesses.
The Colt Group (“Colt”) provides online industrial leak repair solutions including design, engineering, manufacturing, and installation for industrial clients. Colt leverages its in-house manufacturing capabilities to create highly customized enclosures for its customers while providing on-site services to complete the maintenance and repairs. Colt’s services are mission critical to highly-utilized industrial process plants, keeping them on-line, productive, and compliant.
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.