Monroe Capital acted as sole lead arranger and administrative agent on the funding of a senior credit facility and equity co-investment to support the acquisition of CargoBarn by Sheer Logistics, an existing portfolio company of Woodlawn Partners.

Sheer Logistics is a premier provider of 4PL/Managed Transportation Services, value-based logistics, freight brokerage, TMS technology and Integration Platform as a Service (IPaaS) solutions purpose-built for mid-market companies. Based in Atlanta, GA, CargoBarn, a tech-enabled third-party logistics provider (3PL). CargoBarn provides full Truckload freight brokerage, expedited, drayage, and other specialized services. The acquisition will enhance Sheer’s existing 3PL and freight brokerage offerings through the addition of CargoBarn’s diverse and complementary customer portfolio, extensive carrier network, highly experienced sales and operations teams, and geographic footprint. The acquisition also further bolsters Sheer Logistics’ core 4PL/Managed Transportation Services offering.

This transaction is representative of Monroe’s focus on its independent sponsor vertical. The independent sponsor finance vertical focuses on providing comprehensive “one-stop” solutions for independent sponsors seeking debt and equity co-investment for acquisitions, mergers, business combinations, growth and recapitalizations.