Monroe Capital has funded a USD27.5 million unitranche facility to support the acquisition of Fabco Automotive Corporation Partners by Wynnchurch Capital, Ltd.
Based in Livermore, CA, Fabco is a leading North American supplier of highly engineered, specialty gearbox, axle and transfer case products for all-wheel drive, medium and heavy duty vehicles used in severe service applications. Prior to the acquisition by Wynnchurch, Fabco was a subsidiary of Accuride Corporation.
Tom Aronson (pictured), Managing Director at Monroe Capital, said: “Our unitranche facility was ideally suited to finance the acquisition of Fabco. A corporate divestiture is always a more challenging transaction. We were very impressed with the Wynnchurch team and look forward to assisting them in the execution of their growth plans.”
John Hatherly, President and Managing Partner of Wynnchurch, says: “We appreciated Monroe Capital’s efforts in closing this complex transaction in a timely manner and look forward to working with them in our pursuit of add-on acquisitions.”
