Daily News: January 20, 2015

NXT Provides $96MM for Brazos’ BlackHawk Refi

NXT Capital announced it provided a $96 million senior facility to support the refinancing of BlackHawk Industrial, a portfolio company of Brazos Private Equity Partners. The transaction also included BlackHawk Industrial’s acquisition of Packaging.

NXT Capital acted as joint lead arranger, administrative agent and joint Bookrunner.

Broken Arrow, OK-headquartered BlackHawk Industrial provides high-quality industrial products and equipment, as well as manufacturing services and innovative engineered supply solutions.

Eden Prairie, MN-headquartered packaging distributes a full line of packaging, fastening and strapping tools, machinery and consumables through regional warehousing and service centers.

Brazos Private Equity Partners is a Dallas-based private equity investment firm that specializes in leveraged acquisitions and recapitalizations of high-potential businesses.