Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the merger of Anova and Silicon Controls, an existing portfolio company of FFL Partners.

Based in New Providence, New Jersey, Anova is a global leader in remote asset monitoring solutions for the industrial gas, propane, oil & gas, and fuel & lubes industries. Anova provides wireless sensors and cloud-based analytics to track a variety of metrics such as level, pressure, and temperature. Silicon Controls is a provider of the Gaslog solution and a player in the global LPG industry. The combined capabilities of the two companies position Anova to help its customer base transform logistics, redefine consumer services and expand its geographic footprint.