Main Street Invests $31.1M in SI East to Support SI East's Acquisition of Chicago Steel Container
August 5, 2022
Main Street Capital Corporation completed a $31.1 million first‑lien, senior secured term debt follow‑on investment in portfolio company SI East, LLC to support SI East’s acquisition of Chicago Steel Container Corporation and the company’s continued growth. SI East (owned by the Stavig family) operates manufacturing businesses including General Steel Drum and North Coast Container and will use the financing to fund the add‑on purchase of Chicago Steel Container.
- Buyers
- Main Street Capital Corporation, SI East, LLC
- Targets
- SI East, LLC, Chicago Steel Container Corporation
- Platforms
- SI East, LLC
- Industry
- Manufacturing
- Location
- Illinois, United States
- Transaction Type
- Addon
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