Monroe Capital acted as sole lead arranger and administrative agent on a $14.5 million senior credit facility to support the merger of Nelbud 360 Services Group and TEAM Services.

Indianapolis, IN-based Nelbud 360 Services is a provider of commercial kitchen fire prevention and equipment maintenance, including kitchen exhaust cleaning, technical services, fire protection services and wastewater management. It is also an existing portfolio company of Source Capital.

TEAM is a provider of full service electric and mechanical solutions including HVAC services, electrical, refrigeration, kitchen equipment and plumbing and drain cleaning services. The merger will allow the company to broaden its service offering and further expand its geographic presence in the Midwest.