Dallas-based ORIX Corporation USA has acquired NXT Capital Inc. NXT Capital will continue to operate out of its Chicago headquarters as a subsidiary of ORIX, with Robert E. Radway remains in his role of Chairman and CEO. More than 115 NXT Capital employees will join the 900 employees who are already part of the ORIX USA Group and who span more than 30 offices across the U.S. and Brazil.
“NXT Capital is now a strategic part of ORIX USA’s asset management and middle-market growth engine,” said Hideto Nishitani, ORIX USA chairman, president and CEO. “We are fortunate to add NXT Capital to our team, which will bolster our reputation as a hybrid middle-market lender and asset manager.”
ORIX USA has a long history of providing cash flow-based debt and equity capital to middle-market companies through its leveraged finance business unit, which underwrites growth financings, recapitalizations, leveraged buyouts, acquisitions and more. Moving forward, the leveraged finance team will be integrated with NXT Capital’s corporate finance unit, strengthening the company’s overall middle-market financing capability.
“Our two companies complement each other very well,” Radway said. “ORIX brings further scale and financial strength to NXT Capital with its larger portfolio of products, services and international presence. This provides an enhanced platform for NXT Capital to achieve continued growth and profitability.”
This acquisition is the latest in a series of transactions for ORIX USA, which acquired Lancaster Pollard in 2017, Boston Financial Investment Management in 2016, and RED Capital Group in 2010. The three companies fall under the ORIX Commercial Mortgage Servicing umbrella. In 2016, ORIX USA acquired RB Capital, and in 2010, the company acquired Mariner Investment Group.