NXT Capital provided a $35 million senior secured credit facility to support Summit Park’s acquisition of Arkive Information Management.

NXT Capital acted as the joint lead arranger, agent and joint bookrunner for the transaction.

“We are pleased to work with the NXT Capital team on a fourth deal,” said Matt Magan, principal at Summit Park. “Once again, NXT provided the flexibility and certainty we needed to swiftly move ahead on this opportunity.”

Atlanta-based Arkive Information Management provides records management solutions to a diverse base of customers across the U.S. and Canada.

Charlotte, NC-based Summit is a private investment firm focused exclusively on the lower middle market.

Chicago-based NXT Capital provides structured financing solutions through its corporate finance and real estate finance groups.