Monroe Capital said Wednesday it increased a loan to OSG Billing Services to support its buy of DoublePositive Marketing Group Inc. Financial terms weren’t announced. Baltimore-based DoublePositive is an online marketing company for buyers, lead sellers and direct response advertisers.
Chicago, IL, March 26, 2015 – Monroe Capital LLC today announced an increase in the credit facility to OSG Billing Services (“OSG”) to support the acquisition of DoublePositive Marketing Group, Inc (“DoublePositive”).
Based in Baltimore, Maryland, DoublePositive is a performance-based online marketing company serving lead buyers, lead sellers, and direct response advertisers. OSG is a leading provider of outsourced billing and statement services and customer communication management. The acquisition will accelerate OSG’s growth in the management of full customer lifecycle marketing and communications while giving DoublePositive additional resources and opportunities to accelerate their ROI-based customer acquisition, digital marketing and advertising technologies and services.
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, 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 and 2014 Small Mid Market Lender of the Year and by Private Debt Investor as the 2013 Unitranche Lender of the Year and the 2014 Senior Lender of the Year. To learn more about Monroe Capital LLC, visit www.monroecap.com.