Monroe Capital has increased its credit facility to FATHOM to back its acquisition of GRI Prototype & Manufacturing Services, a metal additive manufacturing services provider. No financial terms were disclosed. FATHOM is an portfolio company of CORE Industrial Partners.
CHICAGO–(BUSINESS WIRE)–Monroe Capital LLC (“Monroe”) today announced an increase in the credit facility to FATHOM to support the acquisition of GPI Prototype & Manufacturing Services (GPI). FATHOM is an existing portfolio company of CORE Industrial Partners.
Founded in 2007 as one of the first metal additive manufacturing services providers in the country, GPI uses Direct Metal Laser Sintering (DMLS) to print parts with complex geometries for on-demand manufacturing applications. Utilizing a variety of metal powders, including aluminum, stainless steel, tool steel, titanium, inconel and cobalt chrome, GPI works with Fortune 500 companies across diversified end markets. Previously acquired Midwest Composite Technologies and ICOMold, along with GPI, will all operate under the FATHOM brand. This partnership with FATHOM will further benefit the customer base through an enhanced suite of manufacturing capabilities accompanied by the same excellent customer service, quality and metallurgical expertise.
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 2020 Best U.S. Direct Lending Fund; Global M&A Network as the 2020 Small Middle Markets Lender of the Year; Private Debt Investor as the 2018 Lower Mid-Market 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.