NXT Capital upsized the senior credit facility for Material Handling Services (MHS) to $175 million to support the add-on acquisition of National Glass & Gate Service. MHS is a portfolio company of CI Capital Partners.

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

“We are pleased to work with the NXT Capital team again,” said Tim Hall, managing director, CI Capital Partners. “NXT brought flexibility and substantial growth capital to the MHS financing to help the company achieve its strategic objectives.”

CI Capital Partners is a private equity firm with $1.9 billion in assets under management, which has been investing in middle-market companies since 1993.

Perrysburg, OH-based MHS is a provider of brand-independent fleet management and asset management services to Fortune 2000 retail, manufacturing, distribution, healthcare and hospitality companies.