Nxt Capital Finances Acquisition For Americas Auto Auction
Chicago, Illinois NXT Capital announced that it has upsized its existing senior credit facility for Americas Auto Auction to support the companys acquisition of Auction Broadcasting Company. Americas Auto Auction is a portfolio company of Trinity Hunt Partners.
NXT Capital acted as the Sole Lead Arranger, Administrative Agent and Sole Bookrunner for this transaction.
NXT quickly understood our vision for this transformational acquisition and its potential to nearly double the size of the company, said Dustin Miller, Chief Financial Officer, Americas Auto Auction. Equally important, NXT was such a responsive and reliable financing partner that we were able to focus on the acquisition rather than its financing, said Dustin Miller, Chief Financial Officer, Americas Auto Auction.
Americas Auto Auction is one of the largest providers of pre-owned car auctions with locations throughout the eastern half of North America. Headquartered in Dallas, the company offers a full spectrum of services to meet buyers and sellers remarketing needs.
Trinity Hunt Partners is a Dallas-based private equity firm investing in established middle-market companies that are valued between $15 million and $150 million, where additional capital and operating resources can accelerate growth. The firm considers investment opportunities across a diverse range of industries, including business services, industrial products and services, and health care services.
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