Chicago, Illinois – NXT Capital announced today that it closed a unitranche credit facility in support of Gridiron Capital’s acquisition of Vertical Supply Group.
NXT Capital acted as the Administrative Agent, Joint Lead Arranger, and Joint Bookrunner on this transaction.
“We are happy to partner with NXT Capital on another transaction,” said Chris King, Principal, Gridiron Capital. “NXT worked quickly and collaboratively alongside management and our team to deliver a great solution for the company.”
Vertical Supply Group is a manufacturer and supplier of the world’s leading products that keep climbers, ‘industrial athletes,’ and technical rescue personnel safe and efficient while operating high above the ground. VSG’s leading brands & products set a standard of innovation and quality while providing world-class experiences for their retail, distribution, and web store customers. VSG’s offering consists of the most comprehensive assortment of products for arborists, climbers, emergency personnel, technical rescue, and other work-at-height professionals & enthusiasts.
Gridiron Capital is an investment firm focused on partnering with founders, entrepreneurs, and management teams, and creating value by building middle-market companies into industry-leaders in branded consumer, B2B and B2C services, and niche industrial segments in the United States and Canada. We help transform growing companies by winning together through hard work, partnerships grounded in shared values and a unique culture that comes from hands-on experience building and running businesses. As a team led by former operators and entrepreneurs, we know what it takes to run successful businesses on a day-to-day basis. Gridiron is recognized by Inc. as a Top Founder-Friendly Investor. Additional information is available on the firm’s website: www.gridironcapital.com.
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.