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Monroe Capital Provides $42.5MM to Alloy Wheel Repair Specialists

March 29, 2016, 07:58 AM
Filed Under: Automotive

Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on a $42.5 million senior credit facility to support the acquisition and future growth initiatives of Alloy Wheel Repair Specialists, Inc. (“Alloy”) by private equity sponsor, Soundcore Capital Partners LLC.

Based in Norcross, Georgia and founded in 2001, Alloy is a full-service alloy wheel repair and replacement business. The company provides on-site repair of cosmetic damage to alloy wheel cores, off-site remanufacturing of structurally damaged wheels, and OEM replacement parts through a strong retail network. Alloy and its franchisees currently operate in 47 U.S. states and 15 countries, servicing more than 8,000 auto dealerships, collision shops, tire store accounts, rental car agencies, auctions and automotive centers, as well as retail consumers.

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.

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