Daily News: January 10, 2019

Monroe Supports Warren Equity’s Acquisition of StormTrap

Monroe Capital acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of StormTrap by private equity sponsor Warren Equity Partners.

Founded in 2002 and based in Romeoville, Illinois, StormTrap provides stormwater solutions to the municipal, commercial, industrial and residential markets. The company designs, engineers, and licenses precast concrete systems that store stormwater runoff in underground chambers before releasing it at controlled rate or harvesting it for reuse.

Founded in 2004, Monroe Capital is a private credit asset management firm specializing in direct lending and opportunistic private credit investing. The firm is headquartered in Chicago and maintains offices in Atlanta, Boston, Dallas, Los Angeles, New York, and San Francisco. It has been recognized by Creditflux as the 2018 Best US Direct Lending Fund, by M&A Advisor as the 2016 Lender Firm of the Year and by the U.S. Small Business Administration as the 2015 Small Business Investment Company of the Year.