Monroe Provides $43.25 Million for R. Cushman Acquisition
Monroe Capital LLC announced the funding of a $43.25 million unitranche facility and an equity co-investment to support the acquisition of R. Cushman & Associates, Inc. by Fabco Automotive Corporation Partners, a portfolio company owned by Wynnchurch Capital, Ltd.
Based in Farmington, MI, R. Cushman & Associates, Inc. is a design and manufacturing company with over 40 years of experience in power transmission products. Product applications are for both off and on-road vehicles in a variety of end markets, including military vehicles, airport fire and rescue, mobile drilling rigs, and drives for the steel and mining industries.
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.