NXT Capital provided a senior credit facility to support Tenex Capital Management’s acquisition of Big Bolt.

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

“The NXT team were thorough yet efficient through the underwrite and execution and we very much appreciate both of those qualities,” said Perrin Monroe, principal, Tenex Capital Management.

Established in 1977 and headquartered in Bloomingdale, IL, Big Bolt is an ISO9001-certified specialty fastener manufacturer. Through its comprehensive in-house manufacturing capabilities, Big Bolt is capable of manufacturing non-standard fasteners in lengths of up to or greater than 30-inches with a 0.25-inch to 3.5-inch diameter with high quality assurance.

Tenex Capital Management is a private equity firm that invests in lower and middle-market companies.