Nelson Global Products, a leading manufacturer of aluminized tubes used in emissions, coolant, heating, air intake and muffler handling applications, recently obtained a $6 million customized lease line of credit to support the company’s growth demands from CapX Partners. CapX identified Nelson’s high potential for growth and its long-standing history of success serving a customer base of industry-leading OEM clients. This equipment lease facility will fund new automated tube bending and cutting equipment and will fulfill Nelson’s need for increased production capacity.
Nelson’s flexible manufacturing capabilities, on-time delivery and a unique process that permits complex manufacturing of very large diameter aluminized steel, positions the company well for growth. Nelson is majority owned by Wind Point Partners and is headquartered in Stoughton, Wisconsin with five additional U.S. locations and global operations in Mexico, Australia, India, Brazil, and China.
“CapX welcomed the opportunity to close another transaction with Wind Point Partners,” stated Bryan Rozum, Director at CapX Partners. “It was a pleasure working with Nelson’s management team on customizing an equipment lease facility that will allow the company to flexibly acquire mission critical machinery and equipment. We look forward to supporting Nelson’s growth capital needs as they identify opportunities to expand their manufacturing capabilities.”
"I am very pleased to have CapX Partners as our go-to equipment financing lender for all our needs in North America. The team at CapX exceeded my expectations at all levels. I truly value the time and energy devoted to understanding our global operation and ultimately delivering the financial solutions that our business needed. I look forward to a continued partnership with CapX Partners" stated Sergio Cabada, Chief Financial Officer, Nelson Global Products.
Founded in 1999, CapX Partners (CapX) is a specialty finance company that focuses on private equity and venture backed portfolio companies looking for debt financing in the $2-$20 million range. CapX provides senior and mezzanine debt including lease lines and favors manufacturing, distribution, technology, energy and healthcare industries with an emphasis on revenue producing fixed assets.