Monroe Capital LLC has announced an increase in the credit facility to Corbett Technology Solutions, Inc. (“CTSI”) to support the acquisition of Communications Specialists Inc. (“CSI”), the company said.
CTSI is an existing portfolio company of Tower Arch Capital.
Based outside of Richmond, Virginia, and founded in 1986, CSI is a full-service systems integration firm serving the central Virginia region. The company provides communications system design, installation and support — primarily for the healthcare and education markets. The addition of CSI further expands the contiguous geographic footprint and aligns with CTSI´s continued growth strategy.
Monroe Capital is a private credit asset management firm specializing in direct lending and opportunistic private credit investing. Since 2004, the firm has provided private credit solutions to borrowers in the US and Canada. The firm is headquartered in Chicago and maintains offices in Atlanta, Boston, Dallas, Los Angeles, New York, and San Francisco.