NXT Capital closed a senior credit facility in support of Riata Capital Group’s acquisition of Coeo Solutions. NXT Capital acted as Sole Lead Arranger, Sole Bookrunner, and Administrative Agent on this transaction.

“We are excited to partner with NXT Capital for the first time,” said Tom Belatti, Principal, Riata Capital Group. “The NXT Capital team was easy to work with and provided significant debt capacity to support the business going forward. We look forward to continuing the partnership on Coeo’s next phase of growth.”

Coeo Solutions is a leading provider of managed network and cloud communications solutions intended to allow businesses to connect and communicate easily and securely with each other. The Company serves small to mid-size, multi-location enterprises in industries including healthcare, finance, manufacturing, business services, education, and government. Established in 2014 and headquartered in Downers Grove, IL, the Company provides white glove service to customers nationwide.

Riata Capital Group is a leading Dallas-based private equity investment firm that partners with seasoned management teams to invest in growing, profitable, privately held companies with a focus on three industry sectors: business services, consumer, and healthcare services.