Main Street Capital Backs Management-Led Buyout of Nello Industries
June 11, 2024
Main Street Capital Corporation invested $36.9 million (a mix of first‑lien senior secured term debt and direct equity, plus a revolving credit facility) to support a management‑led buyout of Nello Industries, LLC. The capital package was provided alongside an unnamed co‑investor and the company's founding management team to support ownership transition and future growth initiatives at the South Bend, Indiana manufacturer of engineered steel poles and towers.
- Buyers
- Main Street Capital Corporation, Nello Industries' founding management team, Unnamed co-investor
- Targets
- Nello Industries, LLC
- Industry
- Manufacturing
- Location
- Indiana, United States
- Transaction Type
- Buyout
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