Main Street Capital Invests $49.3M in Recapitalization of Moffitt Services

March 25, 2025

Main Street Capital Corporation committed $49.3 million to facilitate a minority recapitalization of Moffitt Holdings, LLC (dba Moffitt Services), a Cypress, Texas-based bulk fuel and lubricant distributor. The financing package includes first-lien senior secured term debt and a direct equity investment provided in partnership with Moffitt's founders and management to provide liquidity and support the company's growth and operations.

Buyers
Main Street Capital Corporation
Targets
Moffitt Holdings, LLC (dba Moffitt Services)
Sellers
Moffitt's founders and management team
Industry
Oil & Gas
Location
Texas, United States
Transaction Type
Recapitalization

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