NXT provided a senior secured credit facility to support Sunny Sky Products’ acquisition of DWS. Sunny Sky Products is a portfolio company of Seidler Equity Partners.
NXT Capital acted as the sole lead arranger, administrative agent and sole bookrunner for this transaction.
“We are excited to begin this relationship with NXT Capital as a financial partner,” said Ashley Edens, president and CEO, Sunny Sky Products. “With this facility, we are well positioned to execute on our short and long-term growth strategy.”
Houston-based Sunny Sky Products is a manufacturer of cold dispensed, hot-dispensed, frozen beverages and beverage enhancers for convenience stores, schools and restaurants. Their product portfolio includes brands such as Hershey’s Freeze, Jolly Rancher Slush, Pure® Craft Beverages, El Nino Aguas Frescas® and Original Slushie Company®. Sunny Sky distributes its products in over 20 countries worldwide.
South Burlington, VT-based DWS is a specialty beverage company selling primarily to retail stores and distributors throughout North America through Selection Unlimited and the Nec’tar Cappuccino Group.
Seidler Equity Partners is a private investment firm that partners with company owners and management teams to help them achieve their strategic vision to expand their businesses.
