NXT Capital closed a senior credit facility in support of Agellus Capital’s acquisition of HighGrove Partners. NXT Capital acted as Administrative Agent on this transaction.

“NXT Capital’s expertise and responsiveness were instrumental in helping us achieve the best possible outcome for this transaction. We look forward to continuing this partnership in the future,” said Jeff Aiello, Co-Founder and Managing Partner, Agellus Capital.

Founded in 2024 and based in Clayton, Missouri, Agellus Capital partners with founders, families, and management teams to drive transformational growth in non-discretionary, essential services businesses in the United States and Canada. Agellus targets platforms of $2 million to $25 million of EBITDA in large, fragmented markets and aims to be the partner of choice in the middle market for its portfolio companies, investors, and people.

HighGrove Partners, founded in 1989, provides commercial landscape maintenance, irrigation, arbor care, and enhancement services from its four locations across the Atlanta, Georgia metropolitan area.