Monroe Capital has provided a senior credit facility to back TEAM Services‘ acquisition of AmeriBest, a Philadelphia-based home care agency. No financial terms were disclosed. TEAM is backed by Alpine Investors while AmeriBest is a portfolio company of Boyne Capital.
Chicago, IL – Monroe Capital LLC (“Monroe”) today announced it acted as administrative agent and joint lead arranger on the funding of a senior credit facility to support TEAM Services Group’s (“TEAM”) partnership with AmeriBest Home Care, Inc. (“AmeriBest”). TEAM is an existing portfolio company of Alpine Investors.
Based in Philadelphia, Pennsylvania, AmeriBest is a market-leading home care agency that provides home and community- based services to the Philadelphia region. Both AmeriBest and TEAM Public Choices, a division of TEAM, are committed to providing high-quality patient and caregiver services to seniors and people with disabilities in the comfort of their own homes and focus on providing care that empowers individuals and families to work with whom they want. AmeriBest will continue to operate under its current brand name within the TEAM Public Choices division.
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, Los Angeles, New York, and San Francisco.
Monroe has been recognized by Creditflux as the 2019 Best US Direct Lending Fund; Private Debt Investor as the 2018 Lower Mid-Market Lender of the Year; Mergers & Acquisitions as the 2018 Lender of the Year; Global M&A Network as the 2018 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.