Monroe Capital Supports PrecisionX Group’s Add-on Acquisitions
September 10 2024 - 6:00AM
Business Wire
Monroe Capital LLC (“Monroe”) announced it acted as sole lead
arranger and administrative agent on the funding of a senior credit
facility to support the acquisitions of Ditron, Inc. (“Ditron”) and
MSK Precision Products, Inc. (“MSK”) by PrecisionX Group
(“PrecisionX”), an existing portfolio company of CORE Industrial
Partners.
Based in Stormville, NY, Ditron offers a comprehensive
manufacturing solution utilizing micro precision stamping to
manufacture complex, tight tolerance products at high volumes for
the electrical connectors, medical and aerospace & defense
end-markets. Based in Fort Lauderdale, FL, MSK utilizes Swiss screw
and CNC machining to manufacture complex, tight tolerance products
at low-to-medium volumes for the medical, aerospace & defense
and industrial end-markets. These acquisitions align with
PrecisionX’s portfolio expansion and reach within precision metal
component manufacturing for use across a variety of industries.
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 maintains 10 offices throughout the United States and Asia.
Monroe has been recognized by both its peers and investors with
various awards including Private Debt Investor as the 2023 Lower
Mid-Market Lender of the Decade, 2022 Lower Mid-Market Lender of
the Year, 2022 CLO Manager of the Year, Americas; Inc.’s 2023
Founder-Friendly Investors List; Global M&A Network as the 2023
Lower Mid-Markets Lender of the Year, U.S.A.; DealCatalyst as the
2022 Best CLO Manager of the Year; Korean Economic Daily as the
2022 Best Performance in Private Debt – Mid Cap; Creditflux as the
2021 Best U.S. Direct Lending Fund; and Pension Bridge as the 2020
Private Credit Strategy of the Year. For more information and
important disclaimers, please visit www.monroecap.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240910431177/en/
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