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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