Chicago, IL – NXT Capital announced today that it closed a senior credit facility in support of Riverarch Equity Partners’ acquisition of Walex Products Company, Inc.
NXT Capital acted as Sole Lead Arranger, Sole Bookrunner, and Administrative Agent on this transaction.
“We greatly appreciated NXT Capital’s attentive partnership, their responsiveness to our needs, and their efficiency in closing the transaction. We look forward to more opportunities to partner with the NXT Capital team in the future,” said Daniel Lebby, Senior Associate, Riverarch Equity Partners.
Riverarch Equity Partners is a middle market private equity firm. The firm invests in market-leading companies where it can partner with management to accelerate growth. Since the founding of Riverarch in 2011, the firm has invested in 40 platform companies and completed more than 130 add-on acquisitions. Riverarch is headquartered in Pittsburgh, PA.
Walex Products Company, Inc. is a premier manufacturer of branded waste treatment chemicals, fragrance enhancement products, and cleaning solutions for the waste management, janitorial, and sanitation industries. Founded in 1987 by Bob and Bill Williams, Walex has grown steadily over nearly four decades into a recognized industry leader known for innovation, reliability, and product efficacy.
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 $26 billion in loan commitments in more than 540 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.