LightBay Capital Majority Recapitalizes Centre Technologies Holdings, LLC

LightBay Capital Makes Strategic Investment in Centre Technologies

June 25, 2026

IT Services

Centre Technologies, a Houston-based IT managed services provider, partnered with LightBay Capital to support Centre’s next phase of growth. The investment will fund expanded go-to-market efforts, new geographies and service lines, and deeper AI, cloud, and cybersecurity capabilities, while accelerating Centre’s acquisition pipeline.

MSC Income Fund and Main Street Capital Exit Centre Technologies Holdings in Majority Recapitalization

June 24, 2026

IT Services

MSC Income Fund (NYSE: MSIF) and Main Street Capital Corporation (NYSE: MAIN) exited their investments in Centre Technologies Holdings, LLC (Centre) following the completion of a majority recapitalization with a new financial sponsor. The exits realized gains of $11.6 million for MSC Income Fund and $46.4 million for Main Street, with Centre having grown through a seven-and-a-half-year “buy-and-build” strategy and seven follow-on acquisitions.

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 Participates in $41.4M Minority Recapitalization of Connect Telecommunications Solutions

October 16, 2024

Telecommunications

Main Street Capital Corporation provided $41.4 million in a debt and equity investment to support a minority recapitalization of Connect Telecommunications Solutions Inc., a Kitchener, Ontario-based value-added distributor of fiber management solutions. Main Street and an unnamed co-investor partnered with the company’s founders to complete the transaction, enabling liquidity and capital to support the business.

Main Street Capital Invests $44.0M in Cybermedia Technologies (Recapitalization)

May 18, 2023

IT Services

Main Street Capital Corporation completed a $44.0 million portfolio investment to recapitalize Cybermedia Technologies (CTEC), a mid-market provider of IT modernization and digital transformation services to U.S. federal government agencies. The financing included first-lien senior secured term debt and a direct equity investment and was done in partnership with the company's existing owners and management team.

Main Street Capital Majority Recapitalizes Orttech, Inc.

August 4, 2021

Industrial Services

Main Street Capital Corporation completed a new portfolio investment to facilitate the majority recapitalization of Orttech, Inc., providing a mix of first‑lien senior secured term debt and a direct equity investment. Main Street partnered with an unnamed co‑investor and Orttech’s existing owners and management; Orttech is a Solon, Ohio‑based value‑added distributor of clutches, brakes and torque control products serving metal forming, marine, winch and agriculture markets across North America.