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. The company maintains a large stock of material and finished product in order to fulfill emergency orders in market leading turnaround times.

Tenex Capital Management is a private equity firm that invests in lower and middle-market companies. Tenex uses an in-house team of hybrid investment professionals skilled in operational leadership, investing and capital markets structuring to maximize long-term value creation. Tenex’s deep operating experience allows the firm to collaborate with management teams to capitalize on business and market opportunities. Tenex has successfully invested in a diverse range of industries, including industrials, manufacturing, automotive aftermarket, and health and business services.

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.