Press Releases

Monroe Capital Supports Specialized Packaging Group’s Acquisition of Protective Packaging Solutions

Chicago, IL, September 7, 2023

Monroe Capital LLC announced it acted as administrative agent and joint lead arranger on the funding of a senior credit facility to support the acquisition of Protective Packaging Solutions (“PPS”) by Specialized Packaging Group (“SPG”). SPG is an existing portfolio company of Altamont Capital Partners.

Based in Aurora, CO, PPS is a leading designer and fabricator of custom engineered packaging solutions for applications across a diverse array of end markets and a nationwide customer base. SPG is a leading, vertically integrated provider of protective packaging products with facilities across the U.S., Canada and Mexico. The acquisition will enhance SPG’s existing capability set, expanding the company’s engineered packaging offerings and geographic reach while adding approximately 90 employees to its 1,600-person workforce.

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