Main Street and Iron Creek Partners Recapitalize MoneyThumb

Iron Creek Partners Acquires MoneyThumb

August 19, 2024

Software

Iron Creek Partners, with participation from Main Street Capital Corporation, has acquired MoneyThumb, a San Diego–area provider of automated underwriting and fraud-detection software. The transaction, which closed on August 19, 2024, will provide growth capital to accelerate product development and market expansion; Ryan Campbell was named CEO and joined the investor group while founder Ralph Mayer moves to an advisory role.

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.

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

February 5, 2026

Healthcare Services

Main Street Capital Corporation invested $15.3 million to support a leveraged buyout of an unnamed healthcare data services provider, partnering with Iron Creek Partners, LLC (the majority equity investor) and the company's existing owner. Main Street’s capital package included first-lien senior secured term debt and a direct minority equity investment; the target (founded in 1999) cleans and matches provider information for third-party administrators and is headquartered in the Southeastern United States.

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 and Main Street Capital Recapitalize Career TEAM (Career Team / Career Edge)

January 5, 2022

Education

Iron Creek Partners led a recapitalization of Career Team, LLC and affiliate Career Edge, LLC, with participation from Career TEAM's management and Main Street Capital Corporation. The transaction, which closed in December 2021, provides significant growth capital to support the companies' workforce development services and Career Edge LMS / case management software expansion; management remains in place and retains a meaningful equity stake.

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.