Monroe Capital Backs PrecisionX Group’s Acquisition of National Manufacturing Co.

CHICAGO–(BUSINESS WIRE)–Monroe Capital LLC announced that it acted as sole lead arranger and administrative agent for the financing of a senior credit facility to support acquisition of National Manufacturing Co.. by PrecisionX Groupexisting portfolio company CORE Industrial Partners. PrecisionX Group was established in 2023 after two previous acquisitions CORE, GEM Manufacturing and Coining.

Founded in 1944 and headquartered in Piscataway, NJ, National manufactures highly engineered, deep and shallow drawn, stamped and machined components. The company operates a 90,000 square foot facility with over 150 machines and is ISO13485, AS9100 and ISO9001 certified and ITAR registered. The addition of National is consistent with PrecisionX Group’s continued growth strategy and deepens the company’s penetration in the high-growth aerospace, defense and medical end markets.

About Monroe Capital

Monroe Capital LLC (including its subsidiaries and affiliates, “Monroe”) is a leading asset manager specializing in private credit markets across a variety of strategies, including direct lending, technology finance, venture debt, opportunistic credit, structured credit, real estate and equity. Since 2004, the firm has successfully provided capital solutions to clients in the United States and Canada. Monroe prides itself on being a value-added and user-friendly partner to business owners, executives, and both private equity investors and independent sponsors. Monroe’s platform offers a broad range of investment products to both institutional and high net worth investors, focusing on generating high-quality “alpha” returns regardless of business or economic cycles. Headquartered in Chicago, the firm maintains 10 offices in the United States and Asia.

Monroe has been recognized by both its peers and investors with various awards, including Private Debt Investor as Lower Mid-Market Lender of the Decade 2023, Lower Mid-Market Lender of the Year 2023, CLO Manager of the Year 2023, Americas; Inc.’s 2023 Founder-Friendly Investors List; Global M&A Network as Lower Mid-Markets Lender of the Year 2023, USA; DealCatalyst as Best CLO Manager of the Year 2022; Korean Economic Daily as Best Performance in Private Debt – Mid Cap 2022; Creditflux as Best US Direct Lending Fund 2021; and Pension Bridge as Private Credit Strategy of the Year 2020. For more information and important disclaimers, please visit www.monroecap.com.