Main Street Capital Makes $19.5M Follow-On Investments in Three Portfolio Companies

Main Street Capital Makes Follow-On Investments in Direct Marketing Solutions and Heritage Vet Partners

January 6, 2022

Marketing & Advertising

Main Street Capital Corporation completed $15.8 million of follow-on investments across two existing portfolio companies: $9.5 million in Direct Marketing Solutions, Inc. to support DMS’s acquisition of a Freedom, Pennsylvania direct-mail production plant from Mailing Services of Pittsburgh, Inc., and $6.3 million in Nebraska Vet AcquireCo, LLC (dba Heritage Vet Partners) to support Heritage’s acquisitions of Ironsides Animal Health PLLC and St. Anna Veterinary Clinic, S.C. The investments were structured as additional first‑lien, senior secured term loans and build on Main Street’s prior financings in DMS (2018) and Heritage (December 2020).

Heritage Vet Partners Acquires Muleshoe Veterinary Businesses with $25.9M Follow-On Investment from Main Street Capital

May 14, 2024

Healthcare Services

Main Street Capital Corporation made a $25.9 million first-lien senior secured follow-on loan to Nebraska Vet AcquireCo, LLC (dba Heritage Vet Partners) to support Heritage's acquisition of Muleshoe Animal Clinic, PLLC, Muleshoe Vet Labs, LLC and Muleshoe Vet Supply, LP in Muleshoe, Texas. Heritage, a West Point, Nebraska–headquartered platform focused on rural, mixed and large animal veterinary services, has used Main Street financing to execute an acquisition-driven growth strategy since Main Street's initial minority recapitalization in December 2020.

Main Street Capital Provides Minority Recapitalization to Northeast Nebraska Vet Services and Heritage Animal Health

January 6, 2021

Healthcare Services

Main Street Capital Corporation provided $17.0 million of debt and a minority equity investment to facilitate a minority recapitalization of Northeast Nebraska Vet Services, PC (NVS) and Heritage Animal Health, supporting the companies’ growth and acquisition strategy. Bridgepoint Investment Banking acted as exclusive financial advisor to the companies on the transaction.

Undisclosed Financial Sponsor Completes Majority Recapitalization of Heritage Vet Partners

May 12, 2025

Healthcare Services

Main Street Capital Corporation fully exited its debt investments and partially exited its equity stake in Nebraska Vet AcquireCo, LLC (d/b/a Heritage Vet Partners) after a majority recapitalization led by a new, unnamed financial sponsor. Main Street realized a $55.5 million gain and received a minority equity position in the acquirer; Heritage, headquartered in West Point, Nebraska, is a national provider of rural, mixed- and large-animal veterinary services and products.

Main Street Capital Invests $47.4M to Finance Management-Led Buyout of Luxury Goods Retailer

January 4, 2022

Retail

Main Street Capital Corporation provided $47.4 million in a combination of first-lien senior secured term debt and a direct equity investment to finance a management-led buyout of an undisclosed leading U.S. retailer of luxury goods. Main Street and an unnamed co-investor partnered with the company’s senior management and also provided a revolving credit facility to support growth initiatives and working capital.

Main Street Capital Invests $42.2M to Recapitalize Valley Vet Supply

December 7, 2021

Veterinary

Main Street Capital Corporation led a $42.2 million financing package (first-lien senior secured term debt plus a direct equity investment) to recapitalize Valley Veterinary Clinic, LLC d/b/a Valley Vet Supply. The transaction included a revolving credit facility from Main Street and co-investors to support Valley Vet Supply's growth initiatives and working capital needs.