Main Street and Iron Creek Partners Complete Leveraged Buyout of Healthcare Data Services Provider

Main Street Capital and Iron Creek Partners Recapitalize Career Team Holdings

January 5, 2022

Education

Main Street Capital Corporation provided $24.8 million of first‑lien, senior secured term debt and a minority direct equity investment to Career Team Holdings, LLC to facilitate the recapitalizations of Career TEAM, LLC and Career Edge, LLC. Main Street partnered with Iron Creek Partners and the companies' existing owner/CEO (and an unnamed co‑investor) to provide growth capital, a revolving line of credit, and working capital to support future growth initiatives.

Iron Creek Partners and Main Street Capital Provide Growth Capital to Credential Check Corporation

December 3, 2021

Staffing & HR

Iron Creek Partners led an investment alongside Main Street Capital Corporation to provide growth capital to Credential Check Corporation, a Troy, Michigan–based provider of employment background screening and drug testing services. The transaction closed in August 2021; financial terms were not disclosed.

Main Street and Iron Creek Partners Recapitalize MoneyThumb

August 29, 2024

Cloud & SaaS

Main Street Capital Corporation provided $11.2 million of financing as part of a majority recapitalization of MoneyThumb, Inc., partnering with majority equity investor Iron Creek Partners and MoneyThumb’s founder and management. MoneyThumb, a Encinitas-based SaaS provider of financial file conversion, reconciliation and fraud-detection software serving the MCA and accounting industries, will use the transaction to provide liquidity to existing owners and support product and market expansion.

Main Street Invests $12.2M in Iron-Main to Support Background-Screening Add-On

February 14, 2023

Staffing & HR

Main Street Capital Corporation completed a $12.2 million follow-on investment (comprised of $11.2M first-lien term debt and $1.0M equity) in portfolio company Iron-Main Investments, LLC to support Iron-Main’s acquisition of an undisclosed company that provides pre-employment background checks and related services. The acquisition is intended to expand and diversify Iron-Main’s customer base, market presence and service offerings—particularly across industrial and healthcare end markets.

Iron Creek and Main Street Capital Recapitalize Verified Credentials

December 2, 2021

Staffing & HR

Iron Creek Partners led a recapitalization of Verified Credentials, Inc., joined by Verified's management team and Main Street Capital Corporation, closing in November 2021. The transaction provided growth capital to support Verified's technology advancement and product expansion; financial terms were not disclosed and CEO Kevin Spang remains in place and will join the board.

Iron Creek Partners Recapitalizes Midwest Backgrounds (MBI Worldwide)

December 3, 2021

Professional Services

Iron Creek Partners led a recapitalization of Midwest Backgrounds, Inc. (MBI Worldwide) in a transaction that closed in September 2021, with participation from MBI's management team and Main Street Capital Corporation. The investment provides growth capital to support MBI's expansion of its employment background screening and consumer reporting services; financial terms were not disclosed.