NXT Capital Supports First Atlantic's TestEquity Buy
December 27, 2012
NXT Capital has announced that it provided $65.5 million in senior secured facilities to support the recent acquisition of TestEquity by middle-market private equity firm First Atlantic Capital. Based in Moorpark, CA, TestEquity specializes in selling and renting new and reconditioned bench-top general purpose test and measurement equipment. The company also manufactures a line of automated test chambers. NXT Capital provides structured financing solutions to middle-market and emerging growth companies, as well as real estate investors.