NXT Capital closed a senior credit facility to finance The CapStreet Group and Ridgemont Equity Partners’ merger of Marco Group International and APE Companies. NXT Capital acted as the joint lead arranger, sole bookrunner and U.S. agent for this transaction.
Founded in 1944, Marco is a manufacturer and distributor of surface preparation equipment and consumables to industrial contractors in the industrial, infrastructure and downstream energy sectors. The CapStreet Group acquired Marco in 2017.
APE provides abrasive products, including garnet and equipment, to fill the surface preparation needs of its customers. APE also maintains and rents a fleet of surface preparation equipment. Ridgemont Equity Partners acquired APE in September 2014.
NXT Capital provides structured financing solutions through its Corporate Finance and Real Estate Finance groups and is based in Chicago.