Monroe Capital Supports AdeptAg’s Acquisition of Bellpark Horticulture

CHICAGO–(BUSINESS WIRE)–Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of Bellpark Horticulture (“Bellpark”) by AdeptAg, an existing portfolio company of LLR Partners.

Based in Oberlin, OH, AdeptAg is a leading North American platform in the Controlled Environment Agriculture (“CEA”) industry, helping professional growers maximize their yields and productivity through automation and irrigation solutions. Bellpark is a distributor and service provider of greenhouse and nursery automation solutions to a diversified base of over 400 customers across North America. Bellpark works together with its vendor base to provide a single part, machine or turnkey project to customers in the agriculture industry. The addition of Bellpark further expands the contiguous geographic footprint and aligns with AdeptAg’s continued growth strategy.

About Monroe Capital

Monroe Capital LLC (“Monroe”) is a premier boutique asset management firm specializing in private credit markets across various strategies, including direct lending, asset-based lending, specialty finance, opportunistic and structured credit, 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 maintains offices in Atlanta, Boston, Los Angeles, Miami, Naples, New York, San Francisco, and Seoul.

Monroe has been recognized by both its peers and investors with various awards including Global M&A Network as the 2022 Small Mid-Markets Lender of the Year, Americas; Private Debt Investor as the 2021 Senior Lender of the Year, 2021 Lower Mid-Market Lender of the Year, Americas; 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


Zia Uddin

Monroe Capital LLC


Margaret Chase

BackBay Communications

617-391-0790 ext. 123

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