Monroe Capital acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisitions of Ditron, and MSK Precision Products, by PrecisionX Group, an existing portfolio company of CORE Industrial Partners.
Based in Stormville, NY, Ditron offers a comprehensive manufacturing solution utilizing micro precision stamping to manufacture complex, tight tolerance products at high volumes for the electrical connectors, medical and aerospace & defense end-markets. Based in Fort Lauderdale, FL, MSK utilizes Swiss screw and CNC machining to manufacture complex, tight tolerance products at low-to-medium volumes for the medical, aerospace & defense and industrial end-markets. These acquisitions align with PrecisionX’s portfolio expansion and reach within precision metal component manufacturing for use across a variety of industries.