Accutest Laboratories Receives Funding from Monroe Capital LLC and Bolder Capital LLC

By Marc Castro

Jun 11, 2013 12:20 PM EDT

In an announcement, Monroe Capital LLC had said that facilitated provided a US$35 million credit facility for the growth and development of Accutest Laboratories. The said unitranche capital funding was provided by Bolder Capital LLC.

Accutest Laboratory is based out of Dayton, New Jersey and provides environmental testing services to its clients. Amongst the industries it services are are the oil and gas sector, several public utilities and industrial engineering companies. The company operates seven different laboratories, fourteen service centers that is located all over the continental United States.

On the other hand, Monroe Capital LLC provides senior and junior debt as well as equity investments to companies based in Canada and the United States. The investment vehicles include unitranche finance, cash flow loans and enterprise based debt instruments. It also provides acquisition assistance, mezzanine debt, liens and last out loans as well as other investments. The firm is a value creator and user friendly partner to business owners, senior management as well as private equity sponsors.

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