NXT Capital upsized its existing senior credit facility for Material Handling Services to $153 million to cover add-on acquisitions. Material Handling Services is a portfolio company of CI Capital Partners.

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

“We are thrilled to work with NXT Capital again and appreciate their continued support of Material Handling Services,” said Tim Hall, managing director, CI Capital Partners. “NXT provided a flexible financing solution to support the company’s acquisition activity.”

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

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.