NXT Capital closed a senior credit facility in support of The Riverside Company’s add-on acquisition of Evive Brands. NXT Capital acted as Joint Lead Arranger and Joint Bookrunner on this transaction.

“This transaction reflects a successful collaboration with NXT Capital,” said Paul Malec, Managing Director, The Riverside Company. “NXT Capital will be a strong partner as Evive Brands expands its portfolio and continues to provide quality care and services to its clients.”

The Riverside Company is a global investment firm focused on being one of the leading private equity and flexible capital options for business owners and portfolio company employees at the smaller end of the middle market by seeking to fuel transformative growth and create lasting value. Since its founding in 1988, Riverside has made more than 1,000 investments. The firm’s international private equity and flexible capital portfolios include more than 140 companies.

Evive Brands is a community of franchise service brands focused on improving the well-being of clients and their families. Its portfolio—Executive Home Care, Assisted Living Locators, Grasons, The Brothers That Just Do Gutters, and now Maid Brigade—collectively represents nearly 1,000 franchise locations across the United States and Canada.