Monroe Capital hired Andy Moser and
Marc Price to co-lead the newly established retail and consumer products asset-based lending group. Moser joined from
Salus Capital Partners, where he was president and chief executive officer. Price was executive vice president at Salus before joining Monroe.
Monroe Capital LLC today announced that it has established a new business vertical, Retail and Consumer Products Asset Based Lending. In addition, Andy Moser and Marc Price have joined Monroe Capital to co-head this new finance practice group. Andy and Marc will be based in the firm’s Boston office.
“We are very excited to establish this new group focusing on retail and consumer products asset based lending. This new finance group complements our existing healthcare, technology, media, and ESOP focused verticals,” said Ted Koenig, President & CEO of Monroe Capital. “We are also pleased to add Andy and Marc to the Monroe Capital team. They are both seasoned professionals. Their talents, combined with the firm’s leading reputation, deep and long term capital base, and credit focused infrastructure, will create the “go to” financing partner for companies and private equity sponsors alike in the retail and consumer products space.”
Prior to Monroe, Andy was President and CEO of Salus Capital Partners, LLC, Senior Vice President and Head of Asset Based Lending at First Niagara Bank, and Senior Vice President and Head of Asset Based Lending at NewAlliance Bank. In addition, Andy has held senior level positions with GMAC Asset Based Finance and Wells Fargo Foothill Capital Finance. Andy has over 25 years of experience in the commercial finance, asset based lending and retail industries.
Prior to Monroe, Marc was Executive Vice President at Salus Capital Partners, LLC, Vice President at EMCC, Inc., a Schottenstein Stores Corporation affiliate, and Principal at State Street Global Advisors. Marc has more than 20 years of financial services and asset based lending experience.
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, asset 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, 2014 and 2015 Small Middle Markets Lender of the Year, Private Debt Investor as the 2013 Unitranche Lender of the Year and the 2014 Senior Lender of the Year, and the U.S. Small Business Administration as the 2015 Small Business Investment Company (SBIC) of the Year. To learn more about Monroe Capital LLC, visit www.monroecap.com.