Monroe Capital Supports Ares Management's Acquisition of Epika Fleet Services, Inc.
CHICAGO--(BUSINESS WIRE)--Monroe Capital LLC ('Monroe') announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of Epika Fleet Services, Inc. ('Epika') by an Ares Private Equity fund.
Founded in 2016 and headquartered in Nashville, TN, Epika is a national provider of mobile-focused essential maintenance and repair services to commercial fleets. Epika operates across nearly 40 states and serves over 2,000 fleet customers. The company's mobile-first service offerings have over 550 skilled technicians performing regular inspections, preventative maintenance and repairs for fleet customers on the road every day. Epika also operates approximately 20 in-shop centers in the U.S., providing a hybrid offering for customers who require complex repairs or emergency services.
About Monroe Capital
Monroe Capital LLC ('Monroe') is a premier asset management firm specializing in private credit markets across various strategies, including direct lending, technology finance, venture debt, alternative credit solutions, structured credit, real estate and equity. Since 2004, the firm has been successfully providing capital solutions to clients in the U.S. and Canada. Monroe prides itself on being a value-added and user-friendly partner to business owners, management, and both private equity and independent sponsors. Monroe's platform offers a wide variety of investment products for both institutional and high net worth investors with a focus on generating high quality 'alpha' returns irrespective of business or economic cycles. The firm is headquartered in Chicago and has 11 locations throughout the United States, Asia and Australia.
Monroe has been recognized by both its peers and investors with various awards including Private Debt Investor as the 2024 Lower Mid-Market Lender of the Year, Americas and 2023 Lower Mid-Market Lender of the Decade; Inc.'s 2024 Founder-Friendly Investors List; Global M&A Network as the 2023 Lower Mid-Markets Lender of the Year, U.S.A.; DealCatalyst as the 2022 Best CLO Manager of the Year; Korean Economic Daily as the 2022 Best Performance in Private Debt – Mid Cap; Creditflux as the 2021 Best U.S. Direct Lending Fund; and Pension Bridge as the 2020 Private Credit Strategy of the Year. For more information and important disclaimers, please visit www.monroecap.com.
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Ellis advocated for the use of penal fines to create and maintain public libraries. Ellis came to Monroe from Buffalo, New York and brought his printing presses with him. He served as the Monroe paper's editor, reporter, printer and pressman. He was a delegate to the Michigan Constitutional Convention and helped write the state's constitution, according to Monroe News archives. After Ellis left the area, the Morton family took over ownership of the paper, then called The Monroe Times. Morton family member J. Sterling Morton of Monroe established the first Arbor Day. Previous Coverage: April 25 is Arbor Day. Did you know it was started by a former Monroe man? Some of the former names of the paper included: The Monroe Advocate, The Monroe Commercial, The Monroe Democrat, The Monroe Record and The Monroe Record-Commercial. The News' former longtime office on West First Street in downtown Monroe was built in 1910 for The Monroe Democrat. The Monroe Evening News name began in 1918. 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