Main Street Capital Provides $20.6M Minority Recapitalization of Grand Flower Growers
April 7, 2021
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.
- Buyers
- Main Street Capital Corporation, Unnamed co-investor
- Targets
- Grand Flower Growers, LLC
- Sellers
- Existing owners and senior management
- Industry
- Agriculture
- Location
- Michigan, United States
- Transaction Type
- Recapitalization
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