Main Street Capital Backs Management-Led Buyout of Ira Green, Inc.

June 28, 2023

Main Street Capital Corporation provided $52.8 million of financing (first‑lien senior secured term debt and a direct equity investment) to back a management‑led buyout of Ira Green, Inc., an industry‑leading manufacturer and distributor of insignia and tactical products. Main Street and an unnamed co‑investor also provided a revolving credit facility to support Ira Green's growth initiatives and working capital needs. The Company, founded in 1943, is headquartered in Providence, Rhode Island and sells branded and private‑label insignia and tactical accessories globally through retailers and eCommerce channels.

Buyers
Main Street Capital Corporation, Unnamed co-investor
Targets
Ira Green, Inc.
Industry
Manufacturing
Location
Rhode Island, United States
Transaction Type
Buyout

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