Friday, March 23, 2018 | Today's Vending Industry News
NXT Capital Provides $38 Million For Graham Partners' Acquisition Of OptConnect

Posted On: 1/8/2018

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CHICAGO  --  NXT Capital said it has provided a $38 million senior secured credit facility to support Graham Partners' acquisition of OptConnect LLC.

OptConnect said in December that a "significant" financial investment from Philadelphia-based private-equity firm Graham Partners will accelerate its growth. Terms of the deal were not disclosed. | READ MORE

Headquartered in Kaysville, UT, OptConnect provides managed cellular wireless connectivity solutions for unattended equipment in the machine-to-machine and emerging Internet of Things marketplaces, including micromarkets, digital signage, ATMs and self-service kiosks.

 "NXT Capital was an exceptional financing partner for our acquisition of OptConnect," said Jason Crowl, principal of Graham Partners. "The NXT team went above and beyond to meet very tight deadlines to ensure a timely close. We look forward to working with NXT Capital again in the future."

NXT Capital is based in Chicago with offices in Atlanta, Dallas, Los Angeles, Nashville, New York and Phoenix.