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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