Invests $32.8
Million in a Provider of Supply Chain Management
Services
HOUSTON, May 30, 2024
/PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN)
("Main Street") is pleased to announce that it recently completed a
new portfolio investment totaling $32.8
million in a leading provider of supply chain management
services for U.S. federal government agencies (the
"Company"). Main Street completed the investment to support
the Company's acquisition of a provider of equipment sales and
rental solutions to U.S. federal government agencies as part of the
Company's ongoing growth strategy. Main Street, along with its
co-investor, partnered with the Company's management team to
facilitate the transaction, with Main Street funding $32.8 million of first lien, senior secured term
debt with equity warrant participation.
The Company has supported the U.S. federal government for over
30 years and maintains long-standing relationships with various
domestic and foreign government agencies. Through these
relationships, the Company provides procurement logistics solutions
and global supply chain management services for a variety of core
and critical supplies utilized by the U.S. government and its
allies to ensure combat readiness worldwide.
ABOUT MAIN STREET CAPITAL CORPORATION
Main Street (www.mainstcapital.com) is a principal investment
firm that primarily provides long-term debt and equity capital to
lower middle market companies and debt capital to middle market
companies. Main Street's portfolio investments are typically made
to support management buyouts, recapitalizations, growth
financings, refinancings and acquisitions of companies that operate
in diverse industry sectors. Main Street seeks to partner with
entrepreneurs, business owners and management teams and generally
provides "one-stop" financing alternatives within its lower middle
market investment strategy. Main Street's lower middle market
portfolio companies generally have annual revenues between
$10 million and $150 million. Main Street's middle market
portfolio companies are generally larger in size than its lower
middle market portfolio companies.
Main Street, through its wholly owned portfolio company MSC
Adviser I, LLC ("MSC Adviser"), also maintains an asset management
business through which it manages investments for external parties.
MSC Adviser is registered as an investment adviser under the
Investment Advisers Act of 1940, as amended.
Contacts:
Main Street Capital
Corporation
Dwayne L.
Hyzak, CEO,
dhyzak@mainstcapital.com
Jesse E. Morris, CFO & COO,
jmorris@mainstcapital.com
713-350-6000
Dennard Lascar Investor
Relations
Ken
Dennard |
ken@dennardlascar.com
Zach Vaughan |
zvaughan@dennardlascar.com
713-529-6600
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SOURCE Main Street Capital Corporation