Chicago, Illinois – NXT Capital announced that it has provided a senior secured credit facility to support Blue Sea Capital’s acquisition of NSi Industries. Terms of the transaction were not disclosed.

NXT Capital acted as the Sole Lead Arranger, Administrative Agent and Sole Bookrunner for this transaction.

“Delivering a final bid with committed financing and the ability to close in a tight timeline was an important component to winning the mandate in a competitive process,” said Andy Boswell, Principal, Blue Sea Capital.  “We have partnered with NXT on three out of our last four transactions, so we knew from experience that NXT could deliver – and they did.”

NSi Industries is a leading manufacturer and distributor of a wide variety of electrical connectors, time switches, occupancy sensors, wire management products and related electrical components for commercial, industrial, retail and catalog applications. Headquartered near Charlotte, North Carolina, NSi’s well-known brands include Polaris®, Tork® and Easy-Twist®.

Blue Sea Capital is a private equity firm based in West Palm Beach, Florida, that invests in growth-oriented lower middle market companies valued up to $200 million. The firm has $327 million in assets under management and invests across three industry verticals: aerospace & defense, healthcare and industrial growth.

NXT Capital provides structured financing solutions through its Corporate Finance and Real Estate Finance groups and is based in Chicago with offices in Atlanta, Dallas, Los Angeles, Nashville, New York, Phoenix and San Francisco.