Monroe Capital Provides $21 Million to Benton-Georgia
Monroe Capital announced the funding of a $21 million junior term loan and equity investment in partnership with Benton-Georgia’s senior lender, Wells Fargo Bank, which provided a $30 million asset-based lending facility to Benton-Georgia. Monroe Capital’s investment was used to support the acquisition of the company by Dale LeFebvre.
Theodore L. Koenig, president and chief executive officer of Monroe Capital, said, “We were glad to provide the financial support for the acquisition and long-term needs of the business. Our investment enabled Dale to complete the buyout transaction and we look forward to working with Dale on the next stage of the company’s growth.”
Douglasville, GA-based Benton-Georgia is a supplier of underground, natural gas pipeline construction services to leading utility and energy companies throughout the Eastern United States.