Chicago, Illinois – NXT Capital announced today that it provided a senior credit facility in support of Wind Point Partners’ acquisition of Zone Mechanical.
NXT Capital acted as the Sole Lead Arranger and Bookrunner on this transaction.
Zone Mechanical is one of the largest providers of commercial and industrial refrigeration installation and maintenance services to customers in Illinois, Wisconsin, Michigan and Indiana. Through decades of experience, Zone has established a reputation as one of the Midwest’s premier refrigeration and HVAC service providers by offering a comprehensive suite of services including design, build, and engineering capabilities as well as an array of customer equipment needs. Zone services a variety of customers including independent and specialty grocery chains, convenience stores, and warehouses.
“We are happy to work with the NXT Capital team,” said Konrad Salaber, Managing Director, Wind Point Partners. “NXT was highly responsive and supportive in structuring this credit facility. We look forward to partnering with the NXT team as we rapidly scale and invest in the Zone business.”
Wind Point Partners is a Chicago-based private equity investment firm with approximately $3.5 billion in assets under management. Wind Point focuses on partnering with top caliber management teams to acquire well-positioned middle market businesses where it can establish a clear path to value creation. The firm targets investments in the consumer products, industrial products and business services sectors. Wind Point is currently investing out of Wind Point Partners IX, a $1.5 billion fund that was initiated in 2019.
NXT Capital provides structured financing solutions through its Direct Lending and Real Estate Finance groups and is based in Chicago with offices in Atlanta, Dallas, Los Angeles, Nashville, New York and Phoenix. NXT Capital is a wholly owned subsidiary of ORIX Corporation USA. For more information visit www.nxtcapital.com.