Monroe Capital LLC announced that it teamed with Marshall and Ilsley Bank, as agent, to provide a $31,600,000 credit facility to Comm-Works Holdings, LLC in order to finance its acquisition of Harbor Solutions, Inc. and refinance existing bank debt. Comm-Works Holdings, LLC is a portfolio company of Morgenthaler Partners.
Headquartered in Minneapolis, MN and founded in 1995, Comm-Works is a single-source, nationwide provider of enterprise voice, data and voice over IP solutions for Fortune 2000 companies and government agencies. Comm-Works provides (i) cabling, (ii) integration of acquired, expanded or relocated sites, (iii) new equipment sales, installation and service, (iv) equipment de-installation, and (v) emergency/repair services. Harbor Technologies is a full-service enterprise networking company that specializes in the design, implementation, deployment, project management and maintenance of IP network solutions.
Theodore L. Koenig, President and Chief Executive Officer of Monroe Capital, said, "We are pleased that we could work with Marshall and Ilsley Bank and Morgenthaler Partners on this transaction. We look forward to expanding our credit relationship with Comm-Works."
Karen Tuleta, Partner of Morgenthaler Partners, said, "Monroe Capital proved to be a reliable and flexible financing partner for us in this transaction. We appreciate their ability to move very quickly. We look forward to doing more business together with them."
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 www.monroecap.com.
