Chicago, IL – NXT Capital announced today that it closed a senior credit facility in support of Align Capital Partners’ acquisition of Advantage Investigations.
NXT Capital acted as Sole Lead Arranger, Sole Bookrunner, and Administrative Agent on this transaction.
“It was a pleasure partnering with NXT Capital on this transaction as Advantage Investigations continues to broaden its services and enhance its innovative technology solutions,” said Matt Iodice, Partner, Align Capital Partners. “The NXT team’s expertise was evident, and we look forward to working with them again in the future.”
Align Capital Partners is a growth-oriented private equity firm that partners with business owners and management teams to help create shared success. ACP manages $1.8 billion in committed capital with investment teams in Cleveland and Dallas. ACP brings experience and resources to help lower-middle market companies accelerate their growth, to the benefit of management, employees and the firm’s investors. ACP makes control investments in differentiated companies within the business services, technology, specialty manufacturing and distribution sectors.
Founded in 1998, Advantage Investigations delivers timely, actionable insights to support insurance carriers, TPAs, self-insured companies and law firms nationwide. With over 300 employees and coverage across 45 states, Advantage has established itself as a trusted partner to many of the largest insurance carriers and TPAs in the U.S. Advantage leverages its proprietary case management system to streamline the processing and delivery of investigative reports for clients.
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 $25 billion in loan commitments in more than 530 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.