Chicago, IL – NXT Capital announced today that it closed a senior credit facility in support of Incline Equity Partners’ acquisition of Command Investigations.
NXT Capital acted as Sole Lead Arranger, Sole Bookrunner, and Administrative Agent on this transaction.
“We partnered with NXT Capital given their ability to provide a competitive financing solution and flexible closing process that gave us certainty to close under an expedited transaction timeline, along with NXT’s ability to continue to support the business going forward with significant debt capacity,” said Tom Ritchie, Partner, Incline Equity Partners. “We look forward to the opportunity to work with them in the future.”
Incline Equity Partners is a leading private equity firm dedicated to investing across the middle market in services, value-added distribution and specialized light manufacturing companies. Incline is generally seeking growing companies with enterprise values of $25 – $750 million. Incline’s typical investment types are ownership transitions for privately held businesses, buyouts and corporate divestitures within the U.S. and Canada.
Command Investigations is a top tier private investigation company that specializes in surveillance and remote surveillance, desktop intelligence investigations, special investigations unit cases, and array of other investigative services for the insurance defense community.
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 $32 billion in loan commitments in more than 520 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.