June 23, 2017 — Refinancing
BB&T provided NSC Technologies with a $12 million revolving line of credit. The new facility was used to refinance existing bank debt and improve the overall capital structure.
The larger and more flexible line of credit will support higher organic growth and help fund follow-on acquisitions. White Wolf Capital recapitalized NSC in partnership with NSC's management team in November 2016.
BB&T is one of the largest financial services holding companies in the U.S. with $220.5 billion in assets and market capitalization of $36.3 billion as of March 31, 2017. The company offers retail and commercial banking, investments, insurance, wealth management, asset management, mortgage, corporate banking, capital markets and specialized lending. Based in Winston-Salem, North Carolina, BB&T operates more than 2,100 financial centers in 15 states and Washington, D.C.
NSC specializes in staffing and workforce management solutions for defense, marine, energy and industrial markets. The company identifies technical professionals and craftspeople for direct hire or contingent employment roles.
White Wolf Capital is a private investment firm established in 2011 focusing on direct and indirect investments in leading North American middle market companies with $20 million to $200 million in revenues.