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Monroe Capital Expands Credit Facility to Cal Net Technology Group

August 11, 2016, 07:35 AM
Filed Under: Technology

Monroe Capital LLC announced an increase in the credit facility to Cal Net Technology Group (“Cal Net”) to support the acquisition of inhouseIT, Inc. (“inhouseIT”). Cal Net is a portfolio company of Boathouse Capital and Olympic Valley Capital.

Cal Net is the premier provider of managed IT services, cloud, security services and Unified Communications in the Southern California region. Based in Orange County, inhouseIT is the leading provider of managed IT services to small and medium sized business in the Orange County market. The addition of inhouseIT to the Cal Net platform extends its capabilities for service, technical depth, and reliability to inhouseIT’s clients by leveraging one of the largest and most skilled group of technical resources in Southern California.
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, asset based loans, acquisition facilities, mezzanine debt, second lien or last-out loans and equity co-investments. Monroe has been recognized by Global M&A Network as the 2015, 2014, and 2013 Small Middle Markets Lender of the Year; Private Debt Investor as the 2015 Lower Mid-Market Lender of the Year, the 2014 Senior Lender of the Year, and the 2013 Unitranche Lender of the Year; and the U.S. Small Business Administration as the 2015 Small Business Investment Company (SBIC) of the Year.

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