NXT Capital Closes Unitranche Credit Facility in Support of CenterOak Partners’ Formation of Turf Masters Lawn Care Services

Chicago, Illinois – NXT Capital announced today that it closed a unitranche credit facility in support of CenterOak Partners’ formation of Turf Masters Lawn Care Services.

NXT Capital acted as the Administrative Agent, Joint Lead Arranger, and Joint Bookrunner on this transaction.

Turf Masters Lawn Care Services, headquartered in Atlanta, GA, is a leading provider of recurring residential lawn, tree, and shrub care services. The Company serves over 100,000 customers annually, helping homeowners maximize turf and soil health through fertilization, seeding, aeration and weed and exterior insect control programs. Turf Masters Lawn Care Services differentiates itself through a passion for quality lawn care work and through high levels of customer service, meaningful investment in application equipment, and fostering a culture that provides significant benefits, skill development, and opportunities for employees. The Company currently operates over 20 branches across 10 states and plans to grow organically and through add-on acquisitions.

CenterOak Partners LLC is a private equity firm with a focus on making control-oriented investments in middle market companies organized or operating in the United States. The Firm specializes in three key industry sectors: Industrial Growth, Consumer, and Business Services. Based in Dallas, Texas, the CenterOak team has a strong history of creating significant value through operational improvements. CenterOak and its Partners have managed over $2.4 billion of equity capital commitments and have completed more than 100 transactions, representing over $7.5 billion in value.

NXT Capital provides structured financing solutions through its Direct Lending group and is based in Chicago with offices in Atlanta, Dallas, and New York. NXT Capital is a wholly-owned subsidiary of ORIX Corporation USA. For more information visit www.nxtcapital.com.

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