Daily News: February 23, 2012

Monroe Provides $25.5 Million to Thermal Solutions Manufacturing


Monroe Capital LLC announced the funding of a $25.5 million unitranche facility to support the acquisition of the Heavy Duty division of Vista-Pro Automotive by Resilience Capital Partners.

Based in Nashville, TN, Thermal Solutions Manufacturing is a manufacturer and distributor of heat exchange and temperature control products to the North American heavy-duty aftermarket and specialty vehicle original equipment markets. Immediately following the acquisition, the Heavy Duty division of Vista-Pro Automotive was renamed Thermal Solutions Manufacturing.

Bassem Mansour, managing partner of Resilience Capital Partners, stated, “The unitranche facility provided by Monroe Capital enabled us to complete the financing of this complex corporate divestiture. We enjoyed working with the Monroe team and look forward to partnering with them as we execute on our growth strategy.”

Monroe Capital is a private investment firm providing senior and junior debt and equity co-investments to middle-market companies in the U.S. and Canada.