Monroe Capital LLC said May 21 that increased its loan to Mammoth Holdings to support its buy of FLCW LLC, which does business as Finish Line Car Wash.
Monroe Capital Expands Credit Facility to Mammoth Holdings
Chicago, IL, May 21, 2019 – Monroe Capital LLC today announced an increase in its credit facility to Mammoth Holdings (“Mammoth”) to support the acquisition FLCW, LLC d/b/a Finish Line Car Wash (“Finish Line”). In October 2018, Mammoth partnered with Red Dog Equity LLC, an Atlanta-based private equity firm, which, through its partnership with Tom Pritzker’s family business interests (advised by The Pritzker Organization), provided the equity for the Finish Line acquisition.
Finish Line is an eight unit express conveyor car wash operator with locations in Kentucky, Tennessee, and Illinois. The addition of Finish Line further expands the Mammoth’s “operator-focused” conveyor carwash platform and aligns with the platform’s continued growth strategy. Mammoth’s multi-brand portfolio includes Marc-1, Wash Me Fast, Swifty, Ultra, and now Finish Line, among others.
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 2018 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 www.monroecap.com.