NXT Capital closed a senior credit facility in support of Renovo Capital’s acquisition of Pavement Maintenance Group. NXT Capital acted as the administrative agent, sole bookrunner, and sole lead arranger on this transaction.

“We are pleased to have successfully completed our first deal with NXT Capital,” Jonathon Miller, partner of Renovo Capital, said. “We valued their collaborative approach and dedication to providing an excellent solution for the company. We look forward to working together on future opportunities.”