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NXT Capital Provides Credit Facility in Support of ShoreView Industries’ Refinancing of Molded Dimensions

December 10, 2021, 07:24 AM
Filed Under: Manufacturing
Related: NXT Capital

NXT Capital closed a senior credit facility in support of ShoreView Industries’ refinancing of Molded Dimensions and add-on acquisition of PCO Urethane. NXT Capital acted as the Administrative Agent, Sole Lead Arranger and Sole Bookrunner on this transaction.

“We are happy to partner with NXT Capital on another transaction,” said Eric Paquette, Vice President, ShoreView Industries. “NXT’s ability to execute on an extremely tight timeline provided the certainty we needed to successfully close on the transaction.”

Headquartered in Port Washington, Wisconsin, Molded Dimensions is a supplier of precision rubber and urethane components. The Company’s products are used as vital components (seals, gaskets, rollers, wheels) in industrial equipment.  Molded Dimensions has a diverse customer base, operating in a wide variety of end markets including marine, water treatment, automotive, trucking, and medical. The Company offers both in-house and international outsourced manufacturing in providing the required technical and cost preferences of its customers.

Founded in 2002, ShoreView Industries 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.

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