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Monroe Capital Provides $78.5MM to Support Acquisition of Escort Inc.

October 08, 2013, 07:50 AM
Filed Under: Manufacturing

Monroe Capital 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.”

Monroe Capital is a leading provider of senior and junior debt and equity co-investments to middle-market companies in the U.S. and Canada.

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