Monroe Capital Expands Credit Facility to Prototek
Chicago, IL, July 30, 2019
Monroe Capital LLC today announced an increase in its credit facility to Prototek to support the acquisition of Cal-X, Inc. (“Cal-X”), an existing portfolio company of CORE Industrial Partners.
Founded in 2002 and headquartered in Wisconsin, Cal-X offers rapid prototyping and short-run production services through its wide breadth of in-house capabilities. The company serves a blue-chip customer base across a broad mix of end markets, including medical, robotics & electronics, aerospace, and transportation. The addition of Cal-X complements Prototek across a number of critical strategic dimensions, including technical capabilities, end markets, customers and geography and aligns with Prototek’s continued growth strategy.
About Monroe Capital
Monroe Capital LLC (“Monroe”) is a private credit asset management firm specializing in direct lending and opportunistic private credit investing. Since 2004, the firm has provided private credit solutions to borrowers in the U.S. and Canada. Monroe’s middle market lending platform provides debt financing to businesses, special situation borrowers, and private equity sponsors. Investment types include cash flow, enterprise value and asset-based loans; unitranche financings; and equity co-investments. Monroe is committed to being a value-added and user-friendly partner to business owners, senior management, and private equity and independent sponsors. The firm is headquartered in Chicago and maintains offices in Atlanta, Boston, Los Angeles, New York, and San Francisco.
Monroe has been recognized by Creditflux as the 2019 Best US Direct Lending Fund; Private Debt Investor as the 2018 Lower Mid-Market Lender of the Year; Global M&A Network as the 2018 Small Middle Markets Lender of the Year; M&A Advisor as the 2016 Lender Firm of the Year; and the U.S. Small Business Administration as the 2015 Small Business Investment Company (SBIC) of the Year. For more information, please visit www.monroecap.com.