LBC Credit Partners (LBC), a provider of financing solutions to middle market companies, provided a $35.0 million senior secured credit facility to support Tower Three Partners LLC’s (“Tower Three”) acquisition of Nurse Assist, LLC.
LBC served as Agent and Sole Lead Arranger for the senior secured credit facility. Founded in 1999, Nurse Assist is a certified, FDA-registered manufacturer of medical devices and products that help improve the quality of care and life for patients. The Company has established itself as a leader in the production of United States Pharmacopeia (USP) sterile water and normal saline, and its products extend to four principal categories of medical devices: USP water and saline and infusion care products, convenience kits, interconnecting cables and patient safety. Nurse Assist operates a fullyintegrated, 131,200 square foot production facility at its headquarters in Haltom City, Texas.
Tower Three Partners is an operationally-oriented private equity firm that invests in a concentrated portfolio of U.S.-based middle market companies. Tower Three has invested in a range of businesses, including retail, consumer, healthcare, automotive and telecommunications. With long-term committed capital from major institutional investors and a senior management team that collectively has decades of
experience revitalizing businesses, Tower Three targets equity investments of $50M to $150M that provide a catalyst for growth.