NXT Capital provided a senior secured credit facility to support PNC Riverarch Capital‘s acquisition of TZ Acquisition Corp dba Tranzonic.
NXT Capital acted as the sole lead arranger, administrative agent and sole bookrunner for the transaction.
“We are pleased to work with the NXT Capital team again,” said Andrew Barza, director, PNC Riverarch Capital. “NXT’s team met our timeline to close this transaction and worked collaboratively alongside management and our team to deliver a great solution for the company.”
PNC Riverarch Capital. a division of PNC Financial Services, is a middle-market private equity firm which invests in privately held companies headquartered in North America.
Cleveland-basewd Tranzonic is a supplier of disposable maintenance, cleaning, personal care and safety products to the “away-from-home” marketplace.
