Monroe Capital has provided a $21 million senior credit facility to back Milestone Partners‘ acquisition of RedZone Robotics Inc. Based in Pittsburgh, RedZone uses robots and software tools to provide inspection, data collection and asset management services primarily for wastewater pipeline systems.
Chicago, IL, June 12, 2018 – Monroe Capital LLC today announced it acted as sole lead arranger and administrative agent on the funding of a $21 million senior credit facility to support the acquisition of RedZone Robotics, Inc. (“RedZone”), led by private equity sponsor, Milestone Partners.
Based in Pittsburgh, Pennsylvania, RedZone is a technology-enabled solutions business that uses proprietary robots and software tools to provide inspection, data collection, and asset management services primarily for wastewater pipeline systems. RedZone’s products and services enable data-driven maintenance and capital expenditure decisions that maximize return on investment and avoid costly and dangerous system failures. The company’s end-to-end solutions include robotic hardware platforms, inspection services, data processing and hosting, and reporting and asset management software.
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.