NXT Capital announced it has provided a senior secured credit facility to support the refinancing of Sunvair Aerospace Group, a portfolio company of Blue Sea Capital. The transaction also included Sunvair’s acquisition of Aviation Avionics & Instruments.
NXT Capital acted as the sole lead arranger, sole bookrunner and administrative agent for this transaction.
Valencia, CA-based Sunvair Aerospace Group provides component MRO services to commercial, regional and military aircraft operators.
“NXT Capital moved quickly by providing a term sheet early in the process,” said Scott Kirkendall, Principal, Blue Sea Capital. “Equally important, NXT delivered on those terms when the deal closed.”
Blue Sea Capital (www.blueseacapital.com) is a private equity firm based in West Palm Beach, Florida, with an office in El Segundo, California, that invests in growth-oriented lower middle market companies valued up to $200 million.