Daily News: January 3, 2018

NXT Capital Provides $38MM for Graham Partners OptConnect Buy


NXT Capital provided a $38 million senior secured credit facility to support Graham Partners’ acquisition of OptConnect.

NXT Capital acted as the sole lead arranger, administrative agent and sole bookrunner for this transaction.

Graham Partners is a private investment firm focused on investing in businesses with advanced manufacturing know-how, innovative product development capabilities and strong growth potential. Based in suburban Philadelphia, the firm has access to operating resources and industrial expertise as a member of The Graham Group, an alliance of independently owned and operated industrial and investment management businesses that share in the common legacy of plastic packaging entrepreneur Donald C. Graham.

OptConnect is a one-stop-shop provider of wireless connectivity solutions for unattended equipment including wireless ATMs, self-service kiosks, micro-markets and digital signage. The company’s solution combines proprietary device configuration, network monitoring and wireless IoT connectivity to provide a total managed platform. Headquartered in Kaysville, UT, OptConnect serves more than 3,000 customers with more than 85,000 installed units.

“NXT Capital was an exceptional financing partner for our acquisition of OptConnect,” said Jason Crowl, principal, Graham Partners. “The NXT team went above and beyond to meet very tight deadlines to ensure a timely close. We look forward to working with NXT Capital again in the future.”