Monroe Capital acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition and growth of Interstate AC Service, LLC (“Interstate AC”), Kimbro Mechanical and Open Source Controls by private equity sponsor Point 41 Capital Partners.
Headquartered in Nashville, TN, Interstate AC is a leading provider of commercial HVAC, plumbing and building automation solutions to industrial, education, warehouse, government, healthcare, datacenter and other end markets. The company specializes in light commercial applications and offers a full range of install, retrofit, replacement and maintenance services.