Monroe Capital Supports Tower Three Partners’ Acquisition of Parterre Flooring & Surface Systems LLC
Chicago, IL, February 26, 2021
Monroe Capital LLC today announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of Parterre Flooring & Surface Systems LLC (“Parterre”) by private equity sponsor Tower Three Partners.
Based in Wilmington, Massachusetts, and founded over 25 years ago, Parterre is one of the oldest designers and marketers of specialty commercial luxury vinyl tile (LVT) and plank products. LVT products replicate wood, granite, metal and other natural surfaces for an array of commercial end market applications throughout the United States.
About Monroe Capital
Monroe Capital LLC (“Monroe”) is a middle market direct lending and private credit asset management firm. Since 2004, the firm has provided private credit solutions to corporate borrowers in the U.S. and Canada. Monroe’s middle market lending platform provides senior and junior debt financing to middle market businesses and private equity sponsors. Investment types include unitranche financings; cash flow, asset based and enterprise value based loans; and equity co-investments. Monroe is committed to being a value-added and user-friendly partner to business owners, senior management and private equity sponsors. The firm is headquartered in Chicago and maintains offices in Atlanta, Boston, Dallas, Los Angeles, New York, San Francisco and Toronto. Monroe has been recognized by Private Debt Investor as the 2016 Lower Mid-Market Lender of the Year; M&A Advisor as the 2016 Lender Firm of the Year; Global M&A Network as the 2016 Small Middle Markets Lender 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 monroecap.com.