NXT Capital Provides Credit Facility for Cortec Group’s Recapitalization of Enthusiast Auto Holdings

NXT Capital announced today that it has provided a senior credit facility to support Cortec Group’s recapitalization of Enthusiast Auto Holdings. NXT Capital acted as the Joint Lead Arranger for this transaction.

Enthusiast Auto Holdings (“EAH”) is a rapidly growing e-commerce platform serving automotive enthusiasts, delivering exceptional high-touch customer service, content creation, new product development, and fulfillment capabilities.  Founded in 1962, EAH’s product portfolio touches all aspects of enthusiasts’ vehicles with a diverse mix of product categories coupled with a robust offering of EAH branded products.

Founded in 1984, Cortec Group invests in high value-added, middle-market consumer, distribution, healthcare and specialty products and services businesses in partnership with owners and management teams who want to work with Cortec to drive growth and improve business fundamentals. Additional information about Cortec can be found at www.cortecgroup.com.

NXT Capital provides structured financing solutions through its Corporate Finance and Real Estate Finance groups and is based in Chicago with offices in Atlanta, Dallas, Los Angeles, Nashville, New York and Phoenix.