Chicago, Illinois – NXT Capital today announced that it has provided a $63.3 million senior secured facility to support the recapitalization of ROM Corporation, a Century Park Capital Partners portfolio company.
NXT Capital was the Sole Lead Arranger, Sole Bookrunner and Administrative Agent for this transaction.
ROM Corporation designs and manufactures niche products for the emergency vehicle, refrigerated trailer and commercial utility vehicle industries. Based in Belton, Missouri, ROM’s primary products include shutter doors used in fire service and military vehicles; ramps, insulated bulkheads and similar products used in the food service industry, and ergonomic ladder racks used in the commercial vehicle market.
ROM’s recent strategic alliance with Fire Research Corporation enhances the company’s emergency vehicle product portfolio with market-leading positions in scene lighting, controls and instrumentation.
“We appreciated NXT Capital’s outstanding work in syndicating this transaction and meeting a tight closing deadline,” said Steven Trembley, Principal, Century Park Capital Partners. “NXT once again demonstrated its commitment to our relationship and ability to provide reliable deal execution.”
CenturyPark Capital Partners is a Los Angeles-based private equity firm that partners with owner and managers to build successful companies. The firm specializes in facilitating owner liquidity and business expansion by providing $10 million to $40 million equity investments for minority and majority recapitalizations, growth financings, management-led buyouts and acquisition financings.
NXT Capital provides structured financing solutions to middle-market and emerging growth companies, as well as real estate investors, through its Corporate Finance, Venture Finance and Real Estate Finance groups. Based in Chicago with offices in New York, Atlanta, Boston, Dallas, Newport Beach and Silicon Valley, NXT Capital targets senior financing opportunities of up to $150 million with a hold size up to $50 million. See www.nxtcapital.com for more information.