Monroe Capital LLC said Tuesday it provided a $42.5 million loan to support Soundcore Capital Partners LLC’s buy of Alloy Wheel Repair Specialists Inc. Norcross, Georgia-based Alloy is an alloy wheel repair and replacement business.
March 29, 2016 06:00 AM Eastern Daylight Time
CHICAGO–(BUSINESS WIRE)–Monroe Capital LLC today announced it acted as sole lead arranger and administrative agent on a $42.5 million senior credit facility to support the acquisition and future growth initiatives of Alloy Wheel Repair Specialists, Inc. (“Alloy”) by private equity sponsor, Soundcore Capital Partners LLC.
Based in Norcross, Georgia and founded in 2001, Alloy is a full-service alloy wheel repair and replacement business. The company provides on-site repair of cosmetic damage to alloy wheel cores, off-site remanufacturing of structurally damaged wheels, and OEM replacement parts through a strong retail network. Alloy and its franchisees currently operate in 47 U.S. states and 15 countries, servicing more than 8,000 auto dealerships, collision shops, tire store accounts, rental car agencies, auctions and automotive centers, as well as retail consumers.
About Monroe Capital
Monroe Capital LLC is a leading provider of senior and junior debt and equity co-investments to middle-market companies in the U.S. and Canada. Investment types include unitranche financings, cash flow and enterprise value based loans, asset based loans, acquisition facilities, mezzanine debt, second lien or last-out loans and equity co-investments. Monroe Capital prides itself on its flexible investment approach and its ability to close and fund transactions quickly. Monroe is committed to being a value-added and user-friendly partner to owners, senior management and private equity sponsors. Monroe has been recognized by Global M&A Network as the 2015, 2014, and 2013 Small Middle Markets Lender of the Year; Private Debt Investor as the 2015 Lower Mid-Market Lender of the Year, the 2014 Senior Lender of the Year, and the 2013 Unitranche Lender of the Year; and the U.S. Small Business Administration as the 2015 Small Business Investment Company (SBIC) of the Year. To learn more about Monroe Capital LLC, visit www.monroecap.com.