NXT Capital provided a $195 million senior secured credit facility to refinance Custom Ecology’s existing credit facility and provided financing for Custom Ecology’s acquisition of Stansley Industries. Custom Ecology is a portfolio company of Kinderhook Industries.

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

“We appreciate NXT’s flexible financing solution in continued support of Custom Ecology. NXT’s creativity and certainty of execution makes them an ideal financing partner for Custom Ecology,” said Corwynne Carruthers, managing director, Kinderhook Industries.

Mableton, GA-based Custom Ecology provides full-service municipal, industrial and hazardous waste transportation solutions.

Stansley Industries provides trucking and transportation services for the waste management, recycling and bulk materials markets throughout Michigan and Ohio.

Kinderhook Industries is a private equity firm with over $1.25 billion of committed capital and an investment philosophy based on combining senior management and operating experience in a variety of industries with the financial and investment know-how of private equity professionals.