Monroe Capital said Tuesday it increased a loan to Cal Net Technology Group to support its buy of Alpha Actual LLC. Financial terms weren’t announced. Cal Net is a portfolio company of Boathouse Capital and Olympic Valley Capital. Los Angeles-based Alpha is a small regional Managed Service Provider serving small and medium sized accounting, financial services and legal firms.
CHICAGO–(BUSINESS WIRE)–Monroe Capital LLC today announced an increase in the credit facility to Cal Net Technology Group (“Cal Net”) to support the acquisition of Alpha Actual, LLC (“Alpha”). Cal Net is a portfolio company of Boathouse Capital and Olympic Valley Capital.
Based in Los Angeles, California, Alpha is a small regional Managed Service Provider serving small and medium sized accounting, financial services and legal firms. Alpha offers a unique service model with a blended managed services and hosted desktop offering. Cal Net is a premier provider of IT services to organizations with 10-1,000 employees. The addition of Alpha to Cal Net extends its capabilities for service, technical depth, and reliability to Alpha’s clients by leveraging one of the largest and most skilled group of technical resources in Southern California.
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 2013, 2014 and 2015 Small Middle Markets Lender of the Year, Private Debt Investor as the 2013 Unitranche Lender of the Year and the 2014 Senior 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.