NXT Capital provided a unitranche credit facility to support Shoreline Equity Partners’ acquisition of Prime Meats.  NXT Capital acted as the Administrative Agent, Sole Lead Arranger, and Sole Bookrunner on this transaction.

“We are incredibly excited to partner with Shoreline once again to support their acquisition of another exceptional business in Prime Meats,” stated Jeff White, Director, NXT Capital. “Our team at NXT Capital prides ourselves on our ability to consistently deliver tailored financial solutions that support our sponsor relationships in a manner that’s both efficient and effective.”

“We are pleased to close another deal with NXT Capital,” stated Ian Garland, Principal, Shoreline Equity Partners. “The NXT Capital team demonstrated great expertise and worked quickly and collaboratively alongside management to successfully close the transaction.”

Prime Meats is a leading value-added protein processor and distributor that primarily serves a highly diversified base of foodservice and retail customers and has deep ties to the Hispanic community. Prime Meats has successfully positioned itself as the preeminent Hispanic-focused protein processor and distributor in the Southeast U.S.