Monroe Capital LLC has increased its credit facility to back Corbett Technology Solutions Inc‘s acquisition of Virginia-based Communications Specialists Inc, a systems integration firm. No financial terms were disclosed. CTSI is a portfolio company of Tower Arch Capital.
Chicago, IL, July 10, 2018 – Monroe Capital LLC today announced an increase in the credit facility to Corbett Technology Solutions, Inc. (“CTSI”) to support the acquisition of Communications Specialists Inc. (“CSI”). CTSI is an existing portfolio company of Tower Arch Capital.
Based outside of Richmond, Virginia, and founded in 1986, CSI is a full-service systems integration firm serving the central Virginia region. The company provides communications system design, installation and support – primarily for the healthcare and education markets. The addition of CSI further expands the contiguous geographic footprint and aligns with CTSI’s continued growth strategy.
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 Creditflux as the 2018 Best U.S. Direct Lending Fund; 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.