Main Street Capital Participates in $41.4M Minority Recapitalization of Connect Telecommunications Solutions
October 16, 2024
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.
- Buyers
- Main Street Capital Corporation, Unnamed co-investor
- Targets
- Connect Telecommunications Solutions Inc.
- Sellers
- Connect Telecommunications Solutions founders
- Industry
- Telecommunications
- Location
- Ontario, Canada
- Transaction Type
- Recapitalization
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