NXT Capital Closes Credit Facility in Support of The CapStreet Group and Ridgemont Equity Partners’ Merger of Marco Group International and APE Companies

NXT Capital announced today that it 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 throughout the United States and internationally. Marco serves industrial contractors by offering a comprehensive line of abrasives, blasting equipment, coating equipment, rental equipment and safety products. Marco was acquired by The CapStreet Group in 2017.

For over twenty years, APE has been a leader in providing abrasive products, including garnet and equipment, to fill the surface preparation needs of its customers. During its history, APE has opened new locations and, through acquisitions, further expanded its branch network and offering to include safety products, industrial supplies, environmental remediation and disaster response. APE also maintains and rents a large fleet of surface preparation equipment. APE was acquired by Ridgemont Equity Partners in September 2014.

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.