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Monroe Capital Expands Credit Facility to TRP Construction Group

December 06, 2018, 07:09 AM
Filed Under: Construction

Monroe Capital LLC announced an increase in the credit facility to support the acquisition of Southern States Pavement Markings (SSPM) by TRP Construction Group, LLC (TRP). TRP is an existing portfolio company of MSouth Equity Partners.

Based in Ft. Worth, Texas, TRP is a leading provider of thermoplastic striping, painting and markers, rumble strips and traffic control services, including: delineation devices, warning signs and maintenance and consulting services. TRP provides pavement marking services for the Texas Department of Transportation’s highway maintenance and local municipalities, as well as subcontractor services for larger, more complex projects. Based in St. Augustine, Florida, SSPM is a highway striping contractor serving the Southeastern states of Georgia, South Carolina and Florida. The addition of SSPM further expands the contiguous geographic footprint and aligns with TRP’s continued growth strategy.

Monroe Capital LLC is a private credit asset management firm specializing in direct lending and opportunistic private credit investing.  

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