Monroe Capital acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the merger of Anova and Silicon Controls, an existing portfolio company of FFL Partners.
Based in New Providence, NJ, Anova provides remote asset monitoring solutions for the industrial gas, propane, oil & gas, and fuel & lubes industries. Anova provides wireless sensors and cloud-based analytics to track a variety of metrics such as level, pressure, and temperature.
Silicon Controls is a provider of the Gaslog solution and a player in the global LPG industry. The combined capabilities of the two companies position Anova to help its customer base transform logistics, redefine consumer services and expand its geographic footprint.
