NewStar Financial announced it served as lead arranger and administrative agent for senior credit facilities totaling $38 million to support RLJ Equity Partners’ acquisition of Naylor.

“We are excited to support RLJ’s acquisition of Naylor and to have another opportunity to work with Naylor’s great management team,” said Eric Barton, director at NewStar.

The deal team for the transaction included Eric Barton, Robert Milordi, Scott Trefry and Martin Loew.

RLJ Equity Partners is a middle-market private equity firm focused on generating long-term capital appreciation by investing in profitable and growing businesses led by strong management teams.