Main Street Provides $30.8M Follow-On to Gamber-Johnson to Support Add-On Acquisition

Gamber-Johnson Acquires Lind; Main Street Provides $40M Follow-On Financing

January 24, 2023

Manufacturing

Gamber-Johnson, a Stevens Point, Wisconsin manufacturer of rugged mounting solutions, acquired Minnetonka-based Lind Electronic Design Company to expand its mobile power product offerings. Main Street Capital Corporation and an unnamed co-investor provided a $40.0 million first-lien, senior secured term debt follow-on investment to support the acquisition.

Main Street Capital Invests $47.4M to Finance Management-Led Buyout of Luxury Goods Retailer

January 4, 2022

Retail

Main Street Capital Corporation provided $47.4 million in a combination of first-lien senior secured term debt and a direct equity investment to finance a management-led buyout of an undisclosed leading U.S. retailer of luxury goods. Main Street and an unnamed co-investor partnered with the company’s senior management and also provided a revolving credit facility to support growth initiatives and working capital.

Main Street Capital Provides $32.8M to Support Federal Supply-Chain Provider’s Acquisition of Equipment Rental Supplier

May 30, 2024

Logistics & Distribution

Main Street Capital Corporation provided $32.8 million of first-lien, senior secured term debt (with equity warrant participation) to a leading provider of supply chain management services for U.S. federal government agencies to support that company's acquisition of a provider of equipment sales and rental solutions to U.S. federal agencies. The financing is a growth-oriented investment to fund the target acquisition as part of the Company's ongoing expansion strategy; the co-investor and the acquired company are not named in the announcement.

Main Street Capital Invests $14.6M in Johnson Downie LLC

December 16, 2021

Staffing & HR

Main Street Capital Corporation completed a $14.6 million growth capital investment and minority recapitalization in Johnson Downie, LLC, a Houston-based provider of lateral partner placements and retained partner-level recruiting services for law firms across Texas. The financing comprised first-lien senior secured term debt and a direct minority equity investment; Main Street partnered with an unnamed co-investor and the Company's existing owner/management team to facilitate the transaction.

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.

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.