Monroe Capital said Jan. 10 that it provided debt to support Warren Equity Partners’s buy of StormTrap LLC. Financial terms weren’t announced. StormTrap, of Romeoville, Illinois, designs, engineers, and licenses precast concrete systems that store stormwater runoff in underground chambers.
CHICAGO–(BUSINESS WIRE)–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 StormTrap, LLC by private equity sponsor, Warren Equity Partners.
Founded in 2002 and based in Romeoville, Illinois, StormTrap provides stormwater solutions to the municipal, commercial, industrial, and residential markets. The company designs, engineers, and licenses precast concrete systems that store stormwater runoff in underground chambers before releasing it at controlled rate or harvesting it for reuse.
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, Dallas, Los Angeles, New York, and San Francisco.
Monroe has been recognized by Creditflux as the 2018 Best US 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 www.monroecap.com.