3 Jan, 2022

Monroe Engineering Group closes $246M unitranche facility to back AEA investment

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By Jonathan Hemingway


NXT Capital led a $246 million unitranche credit facility to support the acquisition of Monroe Engineering Group by AEA Investors. NXT was a joint lead arranger and joint bookrunner on the deal and serves as administrative agent.

AEA's investment in the firm came via its Small Business Fund, or AEA SBF, alongside company management and employee investors.

Monroe Engineering LLC, based in Rochester Hills, Mich., is a provider of engineered component products such as fasteners, casters, hinges and wire and cable assemblies to original equipment manufacturer customers.