Main Street Capital Invests $31.3M in MetalForming, LLC

Stonebridge Partners Completes Recapitalization of MetalForming

April 7, 2022

Building Products

Stonebridge Partners completed a recapitalization of MetalForming, Inc., partnering with founder Geoff Stone and with debt financing and a co-investment from Main Street Capital. The transaction provides growth capital and expanded resources to support MetalForming’s market presence as a leading North American distributor of sheet metal forming machines; Geoff Stone remains on the board and the largest single shareholder.

Main Street Capital Recapitalizes Two Northeastern Commercial Concrete Contractors

January 7, 2026

Construction

Main Street Capital Corporation completed a $35.0 million portfolio investment to facilitate minority recapitalizations of two commercial concrete contracting companies under a single holding company. The financing, which includes first-lien senior secured term debt and a direct minority equity investment, partners with the companies' existing owners and management to provide liquidity and support ongoing operations serving large commercial projects such as warehouses, distribution centers, data centers and cold storage facilities.

Main Street Capital Provides $32.9M to Recapitalize Colonial Electric Company

April 6, 2021

Construction

Main Street Capital Corporation invested $32.9 million in a recapitalization of Colonial Electric Company, LLC, providing a mix of first-lien senior secured term debt and a direct equity investment plus a revolving credit facility. Main Street and an unnamed co-investor partnered with Colonial's existing owners and senior management to complete the transaction and support the company’s working capital needs.

Main Street Invests $12.2M in Iron-Main to Support Background-Screening Add-On

February 14, 2023

Staffing & HR

Main Street Capital Corporation completed a $12.2 million follow-on investment (comprised of $11.2M first-lien term debt and $1.0M equity) in portfolio company Iron-Main Investments, LLC to support Iron-Main’s acquisition of an undisclosed company that provides pre-employment background checks and related services. The acquisition is intended to expand and diversify Iron-Main’s customer base, market presence and service offerings—particularly across industrial and healthcare end markets.

Main Street Capital Invests $34.3M in Elgin Industries

October 25, 2022

Manufacturing

Main Street Capital Corporation completed a $34.3 million financing package (first lien senior secured term debt and a direct equity investment) to recapitalize Elgin Industries, a U.S. manufacturer of engine and chassis components headquartered in Elgin, Illinois. The investment provides Elgin with growth capital and a revolving credit facility to support its long-term growth strategy, working capital needs and capability expansion.

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.