CHICAGO – Monroe Capital LLC today announced the funding of a $14.3 million credit facility to support the merger of Venture Technologies with Information Systems Consulting Inc., along with the concurrent acquisition of Strategic Allied Technologies.
Based in Ridgeland, Mississippi, Venture Technologies is an IT solutions provider that delivers infrastructure solutions, collaboration solutions, and cloud based services to both private and public sector organizations. Venture Technologies also owns and operates certified Data Centers (VTCloud®) across the United States from which it provides a comprehensive suite of cloud services to thousands of domestic and international customers.
The merger and continued channel consolidation strategy is supported by FlatWorld Capital LLC, a New York-based private equity firm that specializes in funding and advising middle-market IT firms. Partnering with FlatWorld Capital LLC and Venture Technologies demonstrates Monroe’s capabilities and commitment to the technology sector.
About Monroe Capital
Monroe Capital LLC is a leading provider of senior and junior debt and equity co-investments to middle-market companies in the U.S. and Canada. Investment types include unitranche financings, cash flow and enterprise value based loans, acquisition facilities, mezzanine debt, second lien or last-out loans and equity co-investments. Monroe Capital prides itself on its flexible investment approach and its ability to close and fund transactions quickly. Monroe is committed to being a value-added and user-friendly partner to owners, senior management and private equity sponsors.Monroe has been recognized by Global M&A Network as the 2013 Small Mid Market Lender of the Year and by Private Debt Investor as the 2013 Unitranche Lender of the Year.To learn more about Monroe Capital LLC, visitwww.monroecap.com.