Monroe Capital Facilitates Strategic Investment with Platinum Equity

Monroe Capital Supports Strategic Growth in HVAC/R Industry

In an exciting development for the HVAC/R sector, Monroe Capital LLC, a leading asset management firm, has stepped up to act as the joint lead arranger on a substantial senior credit facility. This funding is directed towards facilitating Platinum Equity's investment in Global, also known as The Source, renowned for its distribution of HVAC/R components.

Understanding Global, the Source's Role in HVAC/R Distribution

Global, founded in 1982 and located in Universal City, Texas, has established itself as a premier master distributor of HVAC/R components. The company provides essential products, including capacitors, relays, transformers, and contactors, primarily serving HVAC/R wholesalers across the United States. With an impressive supply chain, Global is poised to enhance their offerings and operational capacity through this new investment.

Manufacturing Excellence

Central to Global's success is its vertically integrated design and manufacturing operations. Among its interests, the company owns AmRad Manufacturing LLC, based in Palm Coast, Florida, which produces top-quality USA-made capacitors and Turbo 200 products, ensuring that Global maintains a competitive edge in the market.

Strategic Partnership with MARS

Another noteworthy aspect of this transaction is the collaboration between Global and Motors & Armatures Inc. (MARS). This leading distribution platform for HVAC/R parts and supplies has been a key player in North America, acting as an exclusive sub-distributor for select Global products since 2012. The partnership aims to strengthen the service and product offerings of both companies, enhancing their market presence.

Monroe Capital's Commitment to Private Credit Markets

Monroe Capital LLC prides itself on being a top-tier asset management firm specializing in private credit markets. The firm has a rich history of providing various capital solutions since its inception in 2004. Their expertise spans several strategies, including direct lending, venture debt, and structured credit. Monroe aims to be a reliable partner for business owners and investors alike.

Recognition and Awards

The firm’s exceptional performance has not gone unnoticed. Monroe has earned multiple accolades, including recognition by Inc. on its 2024 Founder-Friendly Investors List. Their remarkable achievements in private debt have also garnered them the title of 2023 Lower Mid-Market Lender of the Decade by Private Debt Investor and many more awards across various sectors and functionalities.

Office Locations and Global Reach

Headquartered in Chicago, Monroe maintains a significant presence with eleven offices across the United States, Asia, and Australia. This extensive network facilitates their ability to deliver high-quality investment solutions while adapting to diverse market dynamics.

Frequently Asked Questions

1. What does Monroe Capital do?

Monroe Capital LLC specializes in private credit markets, offering a range of capital solutions through various lending strategies.

2. Who is Global, the Source?

Global, based in Texas, is a master distributor in the HVAC/R industry, supplying essential components to wholesalers throughout the United States.

3. What is the significance of the partnership with MARS?

The alliance between Global and MARS aims to leverage both companies’ strengths to provide enhanced product offerings and services in the HVAC/R market.

4. What awards has Monroe Capital received?

Monroe has been recognized for its excellence in private debt management, receiving several awards, including Lender of the Decade honors.

5. Where is Monroe Capital headquartered?

Monroe Capital is headquartered in Chicago, with additional offices across various regions worldwide.

About The Author

Hi there, I'm Hannah Lewis, a writer and financial specialist of 36 years old committed to making money understandable and approachable to everyone. Years of working in the field have given me a thorough grasp of market trends, investment techniques, and economic fundamentals. My objective is to enable people, by means of understandable, useful guidance, to take charge of their financial destiny.

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