Monroe Capital acted as sole lead arranger and administrative agent on a $185 million senior credit facility and as arranger on a $50 million mezzanine facility.
The funding will be used to support the acquisition of an international third-party (3PL) logistics company by a full-service logistics company.
Based in the Southwest, the full-service logistics company provides logistics solutions and value-added services, including domestic and international freight forwarding and white glove delivery. The company provides a comprehensive suite of services to a broad base of customers who rely on mission-critical logistics support.
The acquisition target is an international 3PL company that provides expedited shipping, distribution and value-added services to customers in the semiconductor, electronics and medical device industries. The combined company will be among North America’s largest privately held 3PL providers.
