Monroe Capital Supports PrecisionX Group’s Acquisition of National Manufacturing Co.
July 10 2024 - 5:00AM
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 acquisition of National Manufacturing Co.
("National" or the “Company”) by PrecisionX Group, an existing
portfolio company of CORE Industrial Partners (“CORE”). PrecisionX
Group was formed in 2023 following two previous CORE acquisitions,
GEM Manufacturing and Coining.
Founded in 1944 and headquartered in Piscataway, NJ, National
manufactures highly engineered, deep and shallow drawn, stamped and
machined components. The Company operates in a 90,000 square foot
facility with more than 150 machines, and holds ISO13485, AS9100,
and ISO9001 certifications and an ITAR registration. The addition
of National further aligns with PrecisionX Group’s continued growth
strategy and deepens the Company’s penetration into the high-growth
aerospace & defense and medical end-markets.
About Monroe Capital
Monroe Capital LLC (including its subsidiaries and affiliates,
together “Monroe”) is a premier asset management firm specializing
in private credit markets across various strategies, including
direct lending, technology finance, venture debt, opportunistic,
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, 2023 Lower Mid-Market Lender of
the Year, 2023 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240710818482/en/
Zia Uddin Monroe Capital LLC 312-523-2374
zuddin@monroecap.com
Daniel Abramson BackBay Communications 857-305-8441
daniel.abramson@backbaycommunications.com