Monroe Capital Supports Specialized Packaging Group’s Acquisition of Clark Foam Corporation
Summary
CHICAGO--(BUSINESS WIRE)--Monroe Capital LLC (“Monroe”) announced it acted as administrative agent and joint lead arranger on the funding of a senior credit facility to support the acquisition of Clark Foam Corporation (“Clark Foam”) by Specialized Packaging Group (“SPG”), an existing portfolio company of Altamont Capital Partners. Based in Illinois, Clark Foam provides custom-designed packaging solutions for a diverse array of end markets, including healthcare and medical, consumer products, energy, technology and semiconductors, defense, heavy equipment, and general industrial materials. The acquisition will enhance SPG’s existing capability set by expanding its engineered packaging offerings and geographic reach while adding approximately 50 employees to its 1,700-person workforce. Monroe Capital LLC (including its subsidiaries and affiliates, together “Monroe”) is a premier 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. Monroe prides itself on being a value-added and user-friendly partner to business owners, management, and both private equity and independent sponsors.