CHICAGO -- (BUSINESS WIRE) -- Monroe Capital LLC today announced the funding of a $78.5 million senior secured credit facility to support the buyout of Escort Inc., by New York City private equity sponsor Monomoy Capital Partners.
Based in West Chester, Ohio, Escort Inc. offers a premium line of automotive accessories and is the market leader in the design, manufacture and distribution of radar detectors and mobile data used for ticket protection. The company’s products are marketed under two highly-recognized brands, ESCORT™ and BELTRONICS™.
Justin Hillenbrand, Partner of Monomoy Capital Partners, said, “Monroe Capital was able to structure a flexible senior credit facility to support the Escort acquisition in its entirety. We very much appreciate their ability to dedicate the resources to move quickly and close this transaction in a timely, hassle-free manner.”
About Monroe Capital
Monroe Capital LLC is a leading provider of senior and junior debt and equity co-investments to middle-market companies in the U.S. and Canada. Investment types include unitranche financings, cash flow and enterprise value based loans, acquisition facilities, mezzanine debt, second lien or last-out loans and equity co-investments. Monroe Capital prides itself on its flexible investment approach and its ability to close and fund transactions quickly. Monroe is committed to being a value-added and user-friendly partner to owners, senior management and private equity sponsors. To learn more about Monroe Capital LLC, visit www.monroecap.com.