NXT Capital closed a senior credit facility to support ShoreView Industries‘ refinance of Monroe Engineering. NXT acted as the sole lender and administrative agent on this transaction.
“We are excited to close another deal with NXT,” Thomas D’Ovidio, partner at ShoreView Industries, said. “They were responsive to our asks, respectful of management’s time during diligence, flexible in negotiations and worked hard to close the transaction on time. We look forward to closing future deals with NXT.”
Headquartered in Rochester Hills, MI, Monroe Engineering is a manufacturer and supplier of hardware and component products.
ShoreView is a Minneapolis-based private equity firm.
NXT Capital is a provider of structured financing solutions.