NXT Capital provided a senior secured credit facility to support Oliver Printing & Packaging’s acquisition of Pohlig Packaging. Oliver Printing & Packaging is a portfolio company of Pfingsten.

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

“This was our first transaction with NXT Capital and we were extremely pleased,” said Scott Finegan, managing director, Pfingsten. “NXT was fast and flexible in addressing all of our needs.”

Headquartered in Twinsburg, OH, Oliver Printing & Packaging is a provider of packaging and marketing collateral solutions to a customer base across the health and beauty, consumer products, financial services, building products and specialty food and beverage end markets.

Based in Richmond, VA, Pohlig Packaging manufactures folding cartons, micro-fluted corrugated boxes and setup boxes, serving the food and grocery, consumer products, automotive aftermarket and healthcare markets.

Chicago-based Pfingsten is an operationally focused private equity firm formed in 1989.