Monroe Capital was the sole lead arranger and administrative agent on the funding of a senior credit facility to support Tower Arch Capital’s recapitalization of Corbett Technology Solutions.
Corbett Technology Solutions (CTSI) is an integrator of communications products and services in the Mid-Atlantic region of the US. CTSI designs, installs, and maintains audiovisual, sound, safety, healthcare, and education communications technology for clients in multiple end-markets, including corporate, government, healthcare, education, senior living, multi-family residential, and houses of worship. The company is headquartered near Washington DC in Chantilly, VA (www.ctsi-usa.com).
Monroe Capital provides senior and junior debt and equity co-investments to middle market and lower middle market companies based in the US and Canada. The firm has approximately 75 professionals including 45 investment professionals averaging nearly two decades of direct investing experience.
Monroe Capital is led by Theodore Koenig, President and CEO; Michael Egan, EVP & Chief Credit Officer; and Thomas Aronson, Managing Director, Head of Originations. The firm was founded in 2004 and is headquartered in Chicago with additional offices in New York, Los Angeles, San Francisco, Atlanta, Boston, Dallas, and Toronto (www.monroecap.com).
Tower Arch looks to acquire control positions in entrepreneur and family-owned businesses. The firm invests across the United States in companies with revenues between $10 million and $100 million or EBITDA between $3 million and $15 million. Sectors of interest include business services, industrial, energy services, and specialty manufacturing. The firm was founded by former professionals from Huntsman Gay Global Capital and includes partners Rhett Neuenschwander, David Parkin, Ryan Stratton, and David Topham. Tower Arch closed its debut fund at a hard cap of $272 million in July 2014 and is based south of Salt Lake City in Draper UT (www.towerarch.com).
© 2016 Private Equity Professional | December 2, 2016
