Main Street Capital Provides $51.7M Minority Recapitalization to Bolder Panther Group (Smoker Friendly)

Main Street Provides $50M to Smoker Friendly (Bolder Panther) to Support Acquisition of 79 Tobacco Superstores

August 3, 2022

Retail

Main Street Capital Corporation made a $50.0 million first-lien, senior secured follow-on debt investment in Bolder Panther Group, LLC (operating as Smoker Friendly) to support the company's acquisition of a 79-store tobacco retailer operating across Arkansas, Mississippi, Tennessee, Missouri and Kentucky. Smoker Friendly (headquartered in Boulder, Colorado) operates 259 retail stores across 12 states and owns private-label tobacco products sold through its stores and a dealer network of over 750 locations.

Main Street Capital Provides $20.6M Minority Recapitalization of Grand Flower Growers

April 7, 2021

Agriculture

Main Street Capital Corporation provided $20.6 million in a combination of senior secured term debt and a minority direct equity investment to facilitate a minority recapitalization of Grand Flower Growers, LLC. The investment, made alongside an unnamed co-investor and in partnership with the company's existing owners and senior management, will provide growth capital to support operations and expansion of the greenhouse grower and distributor based in Wayland, Michigan.

Main Street Capital Provides $32.9M to Recapitalize Colonial Electric Company

April 6, 2021

Construction

Main Street Capital Corporation invested $32.9 million in a recapitalization of Colonial Electric Company, LLC, providing a mix of first-lien senior secured term debt and a direct equity investment plus a revolving credit facility. Main Street and an unnamed co-investor partnered with Colonial's existing owners and senior management to complete the transaction and support the company’s working capital needs.

Main Street Capital Provides $15.1M to Recapitalize Batjer (Batjer & Associates / Batjer Service)

March 15, 2022

HVAC & Mechanical

Main Street Capital Corporation provided $15.1 million in a combination of first lien term debt and a direct equity investment to facilitate the majority recapitalization of Batjer & Associates, LLC and Batjer Service, LLC, a West Texas mechanical HVAC and plumbing contractor headquartered in Abilene, Texas. The financing, done alongside an unnamed co-investor, also includes a revolving credit facility and delayed draw term loan to support working capital and future growth initiatives while partnering with the company's existing owners and senior management.

Main Street Capital Invests $42.5M in Minority Recapitalization of Doral Corporation

May 22, 2025

Industrial Services

Main Street Capital Corporation provided $42.5 million in a minority recapitalization of Doral Corporation, funding the deal with a mix of first-lien senior secured term debt and a direct equity investment. The transaction partners Main Street with Doral's existing owner to support the Milwaukee-based industrial contractor's operations and growth.

Main Street Capital Completes $45M Minority Recapitalization of Specialty Aircraft Distributor

September 2, 2025

Aerospace & Defense

Main Street Capital Corporation completed a $45.0 million investment to facilitate a minority recapitalization of an unnamed, Southeastern U.S.-based specialty aircraft distributor. The transaction provides liquidity to the Company's CEO (the sole owner) and consists of first lien senior secured debt plus a direct minority equity investment.