Monroe Capital acted as lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of Aftermarket Performance Group (“APG”) by sponsor Ripple Industries LLC.
Based in Salt Lake City, Utah, APG is a vertically integrated direct-to-consumer, eCommerce-retailer, private-label manufacturer, and distributor of performance automotive aftermarket parts and accessories for enthusiasts serving the pickup truck, compact performance, and Jeep and off-road segments. APG has nine warehouse distribution facilities across the U.S. and Canada.