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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