NXT Capital closed a $47 million loan to finance Shoreline Equity Partners’ recapitalization of Mr Greens.

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

Headquartered in Miami, Mr. Greens is a produce, dairy and dry goods distributor serving a large variety of clients, including restaurants, hotels, country clubs, caterers, grocery stores and retail outlets. Mr. Greens delivers 365 days a year, seven days a week and multiple runs per day to over 1,500 customers across Florida.

“NXT Capital was an excellent partner to finance Shoreline’s first fund investment,” said Zach Mittelmark, vice president, Shoreline Equity Partners. “NXT was flexible and efficient, which allowed Shoreline to focus on closing the transaction.”

Shoreline is a lower middle market private equity firm focused on actively partnering with leading management teams.