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NXT Capital Finances Altamont Capital Partners’ Investment

January 07, 2016, 07:23 AM
Filed Under: Insurance Services

NXT Capital announced that it has provided financing for Altamont Capital Partners’ investment in Access Holdco Management, LLC. Terms of the transaction were not disclosed.

NXT Capital was the Joint Lead Arranger, Administrative Agent and Joint Bookrunner for this transaction. 

Altamont Capital Partners  is a private equity firm based in the San Francisco Bay area that has over $1 billion in capital under management. The firm invests in change-intensive middle market businesses and has made numerous investments in the insurance sector.

“NXT did an outstanding job on this transaction,” said Pete Meyerdirk, Principal, Altamont Capital Partners. “The team worked quickly to meet our deadline of closing before yearend.”

Access is a leading full-service insurance managing general agency that serves the non-standard auto market through a network of independent insurance producers in 14 states. The company provides full-service sales distribution, underwriting, policy administration and claims processing for its insurance company partner. Founded in 1994, Access is headquartered in Atlanta, Georgia.

NXT Capital provides structured financing solutions through its Corporate Finance, Equipment Finance and Real Estate Finance groups. NXT is based in Chicago with offices in Atlanta, Charlotte, Dallas, Los Angeles, Nashville, New York, Phoenix, San Francisco and Stamford.

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