NXT Capital announced that it provided a senior secured facility to fund Graham Partners’ acquisition of Lincoln, NE-based Universal Cold Storage and Universal Pasteurization Company, a provider of cold storage, high pressure pasteurization (HPP) and other value-added services to domestic food manufacturers. The transaction formed UCS & UPC Holdings Company.
NXT Capital was the sole lead arranger, sole bookrunner and administrative agent for this transaction.
“We believe this is the ideal time to invest in the HPP niche, where Universal has established itself as the industry leader,” said Andrew Snyder, managing principal at Graham Partners. “Universal’s complementary value-added services offering has enabled Universal to become a key strategic partner with its customers. We are excited to work with the management team and NXT Capital to further expand the business and drive strategic growth initiatives.”
NXT Capital provides structured financing solutions to middle-market and emerging growth companies and real estate investors.
Graham Partners is a private investment firm.