Monroe Capital acted as joint lead arranger on the funding of a senior credit facility to support the investment in Global, the Source (“Global”) by Platinum Equity.

Founded in 1982 and based in Universal City, Texas, Global is a leading master distributor of HVAC/R components such as capacitors, relays, transformers, contactors, disconnects, whips, and more.  Global serves HVAC/R wholesalers throughout the United States. The company has vertically integrated design and manufacturing operations, including its AmRad Manufacturing LLC subsidiary located in Palm Coast, Florida, which manufactures USA-made capacitors and Turbo 200® products. Motors & Armatures Inc. (“MARS”), based in Hauppauge, New York, is a leading distribution platform for HVAC/R parts, supplies and equipment in North America. MARS has been the exclusive sub-distributor for select Global products since 2012. The transaction marked Platinum Equity’s second recent investment in the HVAC/R industry. In July 2024, the firm invested in MARS. Global and MARS, which have a longstanding history, are joining forces to help strengthen the product and service offerings for both companies.