Monroe Capital was the sole lead arranger and administrative agent for a unitranche credit facility to support the acquisition of Midwest Wholesale Hardware Co. by High Road Capital Partners.
Midwest Wholesale Hardware is a value-added wholesale distributor of commercial and institutional door hardware, electronic access control and security products. The company’s inventory includes all major brands and hard-to-find components for maintenance and repair applications within the commercial and institutional door hardware market. Midwest Wholesale Hardware was founded in 1987 and is based in Kansas City, MO with additional distribution centers in California, Florida, Pennsylvania, South Carolina and Texas (www.midwestwholesale.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 is led by Theodore Koenig, President and CEO; Michael Egan, EVP & Chief Credit Officer; and Thomas Aronson, Managing Director, Head of Originations. Monroe Capital 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).
High Road invests in manufacturing, service, or value-added distribution businesses with revenues of $10 million to $100 million and EBITDAs of $3 million to $10 million. High Road has completed 39 transactions – 16 platform investments, 20 add-on acquisitions and five exits – since its founding in 2007. High Road is based in New York (www.highroadcap.com).
© 2017 Private Equity Professional | February 16, 2017
