Monroe Capital LLC provided a senior credit facility to support Frontenac‘s acquisition of TPC Training and Jade Learning. No financial terms were disclosed. TPC Training provides maintenance, repair, and operator training solutions while Jade Learning offers continuing education training for the electrical code, electrical safety and security alarm segments.
Chicago, IL, April 10, 2018 – 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 TPC Training (“TPC”), along with complementary acquisition of JADE Learning (“JADE”), by private equity sponsor Frontenac.
Based in Buffalo Grove, Illinois, TPC offers in-person and online technical, maintenance, and operator training solutions that enable businesses to develop a more efficient, capable and safe workforce. JADE is a leading provider of continuing education training, serving the electrical code, electrical safety and security alarm segments. Together, TPC and JADE have over 80 employees and deliver services in all 50 states to a diverse base of customers.
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 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.