Monroe Capital expands credit facility to back TRP’s acquisition of SSPM


Monroe Capital LLC has increased its credit facility to support TRP Construction Group LLC’s acquisition of St. Augustine, Florida-based Southern States Pavement Markings, a highway striping contractor. No financial terms were disclosed. TRP is a portfolio company of MSouth Equity Partners.

PRESS RELEASE

Chicago, IL, December 6, 2018 – Monroe Capital LLC today announced an increase in the credit facility to support the acquisition of Southern States Pavement Markings (“SSPM”) by TRP Construction Group, LLC (“TRP”). TRP is an existing portfolio company of MSouth Equity Partners.

Based in Ft. Worth, Texas, TRP is a leading provider of thermoplastic striping, painting and markers, rumble strips and traffic control services, including: delineation devices, warning signs and maintenance and consulting services. TRP provides pavement marking services for the Texas Department of Transportation’s highway maintenance and local municipalities, as well as subcontractor services for larger, more complex projects. Based in St. Augustine, Florida, SSPM is a highway striping contractor serving the Southeastern states of Georgia, South Carolina and Florida. The addition of SSPM further expands the contiguous geographic footprint and aligns with TRP’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 senior and junior debt financing to businesses, special `situation borrowers, 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 and independent sponsors. The firm is headquartered in Chicago and maintains offices in Atlanta, Boston, Dallas, Los Angeles, New York, and San Francisco.

Monroe has been recognized by Creditflux as the 2018 Best U.S. Direct Lending Fund; Private Debt Investor as the 2017 Lower Mid-Market Lender of the Year; Global M&A Network as the 2017 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 monroecap.com.