Monroe Capital LLC announced an increase in the credit facility to $231 million to support OSG Billing Services’ (OSG) acquisition of Diamond Communications Solutions, Inc. (Diamond). Monroe has continued to provide funding to support several recent strategic acquisitions.
Founded in 1992 and based in Ridgefield Park, New Jersey, OSG has grown into a leading provider of outsourced billing, statement and payment services, and customer communication management. Diamond is a national outsource billing provider focused on the design, production and deployment of critical communication documents, direct marketing initiatives and other forms of print and digital client communications. The acquisition of Diamond aligns with OSG’s growth strategy and will further diversify OSG’s customer base and expand its end market verticals.