Press Releases

Monroe Capital Supports CORE Industrial Partners’ GEM Manufacturing Add-on Acquisition

Chicago, IL, August 15, 2023

Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of Coining Manufacturing, LLC (“Coining”) and Precision Machine Products, Inc. (“PMP”), by GEM Manufacturing (“GEM”). GEM is an existing portfolio company of CORE Industrial Partners.

Founded in 1950 and headquartered in Waterbury, CT, GEM is a provider of precision deep drawn metal components and mechanical assemblies for a variety of end markets, including electric vehicle, mining, aerospace & defense and industrials. Coining and PMP provide specialty stamping and machining services, such as progressive die stamping, screw machining, CNC machining and wire EDM manufacturing technologies to produce complex precision components. The acquisition offers the platform a complementary service offering with many of the characteristics GEM maintains today, including: hard-to-manufacture metal parts, outstanding customer service, a state-of-the-art equipment base and deep technical expertise to serve as a single-source supplier for custom precision metalworking.

About Monroe Capital
Monroe Capital LLC (“Monroe”) is a premier boutique asset management firm specializing in private credit markets across various strategies, including direct lending, technology finance, venture debt, opportunistic, structured credit, real estate and equity. Since 2004, the firm has been successfully providing capital solutions to clients in the U.S. and Canada. Monroe prides itself on being a value-added and user-friendly partner to business owners, management, and both private equity and independent sponsors. Monroe’s platform offers a wide variety of investment products for both institutional and high net worth investors with a focus on generating high quality “alpha” returns irrespective of business or economic cycles. The firm is headquartered in Chicago and maintains 10 offices throughout the United States and Asia.

Monroe has been recognized by both its peers and investors with various awards including Private Debt Investor as the Lower Mid-Market Lender of the Decade, 2022 Lower Mid-Market Lender of the Year, 2022 CLO Manager of the Year, Americas; 2022 Best Performance in Private Debt – Mid Cap by Korean Economic Daily; Global M&A Network as the 2022 Small Mid-Markets Lender of the Year, Americas; Creditflux as the 2021 Best U.S. Direct Lending Fund; and Pension Bridge as the 2020 Private Credit Strategy of the Year. For more information and important disclaimers, please visit