Daily News: April 10, 2014

Monroe Capital Provides Facility for Cornerstone Acquisition

Monroe Capital LLC announced the funding of a $27 million senior secured credit facility to support the acquisition of Norment Security Group by Cornerstone Detention Products.

Based in Montgomery, Alabama, Norment is one of the oldest and most respected detention contractors in the industry and the security group includes the successful brands of Airteq®, Trentech® and ECS®. In addition, Norment is a leader in the facility maintenance and service operations.

Cornerstone Detention Products is a provider of services and engineered detention products in the U.S. and Canada.