Chicago, IL – NXT Capital announced today that it closed a senior credit facility in support of Hidden Harbor Capital Partners’ Acquisition of Quaker Valley Foods.
NXT Capital acted as Joint Lead Arranger, Joint Bookrunner, and Administrative Agent on this transaction.
“NXT Capital provided valuable support, remained attentive to our needs, and demonstrated exceptional speed and efficiency in closing the transaction,” said Matthew Goracy, Vice President, Hidden Harbor Capital Partners. “We are excited to work with the NXT Capital team on future opportunities.”
Hidden Harbor Capital Partners is a private equity firm which helps create business success stories by building teams focused on execution. Hidden Harbor believes that great companies are built on a strong group of people as their foundation, and that businesses succeed when they are intensely focused on executing a small set of well-defined objectives. Hidden Harbor currently has assets under management of over $1.9 billion and is investing out of its third fund, an $800 million vehicle.
Quaker Valley Foods, established in 1975 and headquartered in Philadelphia, PA, is a protein distribution company offering over 3,000 fresh and frozen perishable and non-perishable items including beef, pork, chicken, turkey, seafood, deli products, foodservice items, lamb, goat, mutton, veal, and ethnic items. For 50 years, Quaker Valley has built a strong reputation with customers and a wide network of suppliers, serving thousands of customers from Connecticut to Virginia providing next day delivery — Monday through Saturday — to independent and ethnic retailers, wholesalers, and foodservice customers.
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 $30 billion in loan 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. For more information visit https://www.nxtcapital.com/.