Press Releases

Monroe Capital, as Agent, Arranges $21 Million to Gulf Coast Machine & Supply Co., Inc.

Chicago, IL, February 6, 2008

Monroe Capital LLC, as Agent, announced the funding of a $21 million term loan in connection with the recapitalization of Gulf Coast Machine & Supply Co., Inc. (“Gulfco”) by Industrial Opportunity Partners, LLC. Monroe Capital’s loan facility was used together with a $23.5 million revolving line of credit provided by PNC Business Credit in order to complete the recapitalization transaction.

Gulfco, one of largest forging companies in the Southwest, provides forgings to oil and gas service companies, gear and valve manufacturers, heat exchanger manufacturers, fabricators and machine shops.

Nicholas Galambos, Operating Principal of Industrial Opportunity Partners who was named Chairman of Gulfco, said, “We are delighted to enter into a long term relationship with Monroe Capital to provide our funding requirements as we continue to grow our business. Monroe Capital was highly responsive and flexible in addressing our needs and timelines. We look forward to working with Monroe Capital going forward.”

Kenneth Tallering, Senior Managing Director of Industrial Opportunity Partners, said, “The Monroe Capital team stepped up and did everything we asked of them. We are very pleased that we could complete this financing transaction with them for Gulfco.”

Theodore L. Koenig, President & CEO of Monroe Capital, said, “We continue to provide financial solutions to quality companies such as Gulfco in a strained credit market. We are excited to work with Gulfco and its investment partners as they grow their business.”

Monroe Capital is a specialty finance company providing senior secured and junior secured debt to middle-market companies. Monroe Capital specializes in originating, structuring and providing customized one-stop financings to U.S. and Canadian borrowers. Monroe is committed to being a value-added and user-friendly partner to owners, senior management and transaction sponsors. Investment types include senior and junior secured debt as well as bridge loans, flexible acquisition facilities, mezzanine or last-out second loans that stretch a company’s debt capacity, acquisitions of distressed debt, and equity co-investments. Monroe Capital prides itself on its flexible investment approach and its ability to close and fund transactions quickly. To learn more about Monroe Capital, visit