Monroe Capital LLC (“Monroe”) announced it led the debt financing and made an equity co-investment to support the acquisition of an environmental liquid waste solutions platform by Newman Reilly Capital Partners, LLC (“NRCP”).
The company provides non-hazardous liquid waste pumping, cleaning, inspection and repair services to residential and commercial customers and this transaction will enable the platform to expand its operations and pursue a targeted M&A strategy across New England and surrounding markets.
“We are thrilled to partner with Monroe Capital on this platform investment. Their ability to deliver both debt and equity capital allowed us to structure a flexible solution that positions the company for growth. We look forward to executing on our strategy to professionalize and scale a strong regional operator into a market leader,” commented Harris Newman, founder of NRCP. “This partnership is a tremendous opportunity to combine operational expertise with growth capital. Monroe’s financing provides the resources we need to accelerate expansion while preserving the company’s local reputation for service and reliability.”
This transaction is representative of Monroe’s focus on its independent sponsor vertical. Monroe’s Independent Sponsor group specializes in delivering flexible, “one-stop” capital solutions—including both debt and equity co-investments—for acquisitions, mergers, growth initiatives, recapitalizations, and business combinations.
About Monroe Capital
Monroe Capital LLC (“Monroe”) is a premier asset management firm specializing in private credit markets across various strategies, including direct lending, technology finance, venture debt, alternative credit solutions, structured credit, real estate and equity. Since 2004, the firm has been successfully providing capital solutions to clients in the U.S. and Canada. Monroe prides itself on being a value-added and user-friendly partner to business owners, management, and both private equity and independent sponsors. Monroe’s platform offers a wide variety of investment products for both institutional and high net worth investors with a focus on generating high quality “alpha” returns irrespective of business or economic cycles. The firm is headquartered in Chicago and has 12 locations throughout the United States, Middle East, Asia and Australia.
For more information and important disclaimers, please visit www.monroecap.com.
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Contacts
For more information, please contact:
Zia Uddin
Monroe Capital LLC
312-523-2374
zuddin@monroecap.com
Daniel Abramson
BackBay Communications
857-305-8441
daniel.abramson@backbaycommunications.com