Monroe Capital acted as administrative agent and joint lead arranger on the funding of a senior credit facility to support the acquisition of Protective Packaging Solutions (“PPS”) by Specialized Packaging Group (“SPG”). SPG is an existing portfolio company of Altamont Capital Partners.
 
Based in Aurora, CO, PPS is a leading designer and fabricator of custom engineered packaging solutions for applications across a diverse array of end markets and a nationwide customer base. SPG is a leading, vertically integrated provider of protective packaging products with facilities across the U.S., Canada and Mexico. The acquisition will enhance SPG's existing capability set, expanding the company's engineered packaging offerings and geographic reach while adding approximately 90 employees to its 1,600-person workforce.