Chicago, IL – NXT Capital announced today that it closed a senior credit facility in support of Thompson Street Capital Partners’ acquisition of ATIS.
NXT Capital acted as Sole Lead Arranger and Administrative Agent on this transaction.
“We are pleased to close another deal with NXT Capital, and appreciate their continuous dedication to partnership and collaboration,” said Mark Chan, Vice President, Capital Markets, Thompson Street Capital Partners. “We look forward to partnering with them on future deals.”
Thompson Street Capital Partners is a St. Louis-based private equity firm focused on investing in founder-owned middle market businesses in the life sciences and healthcare, software and technology, business and consumer services and products sectors. Founded in 2000, the firm has acquired more than 150 companies and had assets under management of over $4.8 billion as of March 31, 2024. TSCP partners with management teams to increase value by accelerating growth, both organically and via complementary acquisitions.
Founded in 2012 and headquartered in St. Louis, ATIS has grown rapidly through both acquisition and organic expansion to become one of North America’s largest providers of elevator compliance and vertical transportation consulting solutions. ATIS’s geographically diverse footprint includes more than 200 elevator inspectors and consultants serving more than 15,000 customers and nearly 100,000 elevators across the US and Canada. ATIS delivers an end-to-end elevator management platform spanning government-mandated elevator testing and inspection, consulting services principally focused on new elevator installations and modernizations of existing elevators, and managed elevator services that include maintenance management programs and certificate management.
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.