FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
 
Skip Navigation LinksHome / Press Releases / Read Press Release

Print

NXT Capital Provides Acquisition Financing to Oliver Printing & Packaging

August 21, 2017, 08:00 AM
Filed Under: Printing


NXT Capital announced that it has provided a senior secured credit facility to support Oliver Printing & Packaging’s acquisition of Pohlig Packaging. Oliver Printing & Packaging is a portfolio company of Pfingsten.     

NXT Capital acted as the Sole Lead Arranger, Administrative Agent and Sole Bookrunner for this transaction. 

“This was our first transaction with NXT Capital and we were extremely pleased,” said Scott Finegan, Managing Director, Pfingsten. “NXT was fast and flexible in addressing all of our needs.”

Headquartered in Twinsburg, Ohio, Oliver Printing & Packaging Co. is a leading provider of high quality packaging and marketing collateral solutions to a diverse customer base across the health and beauty, consumer products, financial services, building products and specialty food and beverage end markets.

Pohlig Packaging is headquartered in Richmond, Virginia. The company manufactures folding cartons, micro-fluted corrugated boxes and setup boxes, serving the food and grocery, consumer products, automotive aftermarket and healthcare markets.  

Pfingsten is an operationally focused private equity firm formed in 1989. From its headquarters in Chicago, IL and representative offices in ChangAn, China, New Delhi, India and Chennai, India, the firm builds better businesses through operational improvements, professional management practices, global capabilities and profitable business growth rather than financial engineering. Since completing its first investment in 1991, Pfingsten has raised five investment funds with total commitments of approximately $1.3 billion and has acquired 120 manufacturing, distribution and business services companies.







Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.