Press Releases
Monroe Capital Provides Unitranche Facility and Equity Co-Investment to Summit Container Corporation
Chicago, IL, January 16, 2014
Monroe Capital LLC today announced the funding of a unitranche credit facility and equity co-investment to support the acquisition of Summit Container Corporation (“Summit”) by 127 Summit Holdings LLC.
Based in Monument, Colorado, Summit is a niche-oriented, full service corrugated manufacturing company that designs, manufactures, and sells highly engineered protective packaging to various customers. The company provides assembly and quick response delivery services to end markets including telecommunications, photo/film, beverages and general manufacturing. Summit has facilities in California, Oregon, Pennsylvania and Texas. Summit will serve as a platform acquisition for 127 Summit Holdings LLC in the specialized packaging industry.
“127 Summit Holdings is thrilled to be partnering with Monroe Capital, and we believe, as a result of their industry focus and operating resources, that they are the ideal partner to enable us to move into the future in an exciting fashion,” said Adam C. Walker, CEO of Summit Container. “We look forward to building on Summit Container’s tradition of excellence in partnership with Monroe Capital to accelerate our strategic growth initiatives.”
About Monroe Capital
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, acquisition facilities, mezzanine debt, second lien or last-out loans and equity co-investments. Monroe Capital prides itself on its flexible investment approach and its ability to close and fund transactions quickly. Monroe is committed to being a value-added and user-friendly partner to owners, senior management and private equity sponsors. To learn more about Monroe Capital LLC, visit www.monroecap.com.