Monroe Capital Expands Cal Net Technology Facility
Monroe Capital today announced an increase in the credit facility to Cal Net Technology Group to support the acquisition of Velocity Network Solutions. Cal Net is a portfolio company of Boathouse Capital.
Based in the Los Angeles area, Cal Net is a provider of IT services to organizations with 10 to 1,000 employees. The company offers full and partially outsourced IT service and support capabilities, cloud capabilities, infrastructure design and implementation, security services, and unified communications to the Southern California small and medium sized businesses market.
The addition of Velocity to the Cal Net family extends its capabilities for service, technical depth, and reliability to Velocity’s clients by leveraging one of the largest and most skilled group of technical resources in Southern California.