NXT Capital closed a senior credit facility to finance ShoreView Industries refinance of Monroe Engineering. NXT Capital acted as the Sole Lender and Administrative Agent on this transaction.

Founded in 1957 and headquartered in Rochester Hills, Michigan, Monroe Engineering is a supplier of a broad portfolio of custom and standard hardware and component products for original equipment manufacturers, as well as maintenance, repair and operations applications. Monroe serves customers across a wide range of end markets including aerospace, defense, medical, transportation, consumer goods, building products and other diversified industrial markets.
 
“We are excited to close another deal with NXT,” said Thomas D’Ovidio, Partner, ShoreView Industries. “They were responsive to our asks, respectful of management’s time during diligence, flexible in negotiations, and worked hard to close the transaction on time.  We look forward to closing future deals with NXT.”

Founded in 2002, ShoreView is a Minneapolis-based private equity firm that has raised over $1.3 billion of committed capital across four funds.  ShoreView partners with family or entrepreneurial-owned companies across many sectors, including engineered products, distribution, industrial services, business services, healthcare, and niche consumer products.  ShoreView structures a variety of acquisition, recapitalization and build-up transactions, typically in businesses with revenues ranging between $20 million and $300 million.