Gulf Manufacturing (GMI) Acquires Maass Global Group with $40M Support from Main Street Capital
March 19, 2024
Gulf Manufacturing, LLC (GMI) completed the acquisition of Maass Global Group, combining GMI’s U.S. manufacturing and distribution footprint with Maass’s global flange, forged-bar, pipe and fittings capabilities. Main Street Capital Corporation provided a $40.0 million first-lien senior secured term debt investment and a revolving line of credit to support the transaction and the formation of a new parent, Gulf Manufacturing Holdings, LLC.
- Buyers
- Gulf Manufacturing, LLC, Main Street Capital Corporation
- Targets
- Maass Global Group
- Platforms
- Gulf Manufacturing, LLC, Gulf Manufacturing Holdings, LLC
- Industry
- Manufacturing
- Location
- Germany
- Transaction Type
- Addon
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