StockNews.AI
MRCC
StockNews.AI
117 days

Monroe Capital Supports Ares Management's Acquisition of Epika Fleet Services, Inc.

1. Monroe Capital arranged a credit facility for Epika's acquisition. 2. Epika provides essential services to over 2,000 fleet customers nationwide.

M&A
+0.55%Current Return
VS
+2.67%S&P 500
$7.2204/24 07:49 AM EDTEvent Start
$7.2604/25 02:31 PM EDTLatest Updated
2m saved
Insight
Article

FAQ

Why Bullish?

Monroe's role in a significant acquisition can boost investor confidence, reminiscent of past successful transactions that led to stock price increases.

How important is it?

The article highlights a significant funding that aligns with MRCC's operational focus and investment strategy, indicating potential positive impacts.

Why Short Term?

Acquisitions typically yield short-term price movement as investors react quickly to news.

Related Companies

ARESFLEETMONRO
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 custo.

Related News