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
Explore More
Related Acquisitions
-
Main Street Capital Invests $47.4M to Finance Management-Led Buyout of Luxury Goods Retailer
January 4, 2022
Retail
Main Street Capital Corporation provided $47.4 million in a combination of first-lien senior secured term debt and a direct equity investment to finance a management-led buyout of an undisclosed leading U.S. retailer of luxury goods. Main Street and an unnamed co-investor partnered with the company’s senior management and also provided a revolving credit facility to support growth initiatives and working capital.
-
Main Street Capital Recapitalizes Victory Energy Operations
October 8, 2024
Manufacturing
Main Street Capital Corporation invested $74.4 million to support a majority recapitalization of Victory Energy Operations, partnering with an unnamed co-investor and Victory's founder and management team. The transaction included first-lien senior secured term debt and a direct equity investment and facilitated the buyout of an institutional investor.
-
Main Street Capital Backs Management-Led Buyout of Nello Industries
June 11, 2024
Manufacturing
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.
-
Main Street Capital Provides $32.8M to Support Federal Supply-Chain Provider’s Acquisition of Equipment Rental Supplier
May 30, 2024
Logistics & Distribution
Main Street Capital Corporation provided $32.8 million of first-lien, senior secured term debt (with equity warrant participation) to a leading provider of supply chain management services for U.S. federal government agencies to support that company's acquisition of a provider of equipment sales and rental solutions to U.S. federal agencies. The financing is a growth-oriented investment to fund the target acquisition as part of the Company's ongoing expansion strategy; the co-investor and the acquired company are not named in the announcement.
-
Main Street and Iron Creek Partners Complete Leveraged Buyout of Healthcare Data Services Provider
February 5, 2026
Healthcare Services
Main Street Capital Corporation invested $15.3 million to support a leveraged buyout of an unnamed healthcare data services provider, partnering with Iron Creek Partners, LLC (the majority equity investor) and the company's existing owner. Main Street’s capital package included first-lien senior secured term debt and a direct minority equity investment; the target (founded in 1999) cleans and matches provider information for third-party administrators and is headquartered in the Southeastern United States.
-
Main Street Invests $12.2M in Iron-Main to Support Background-Screening Add-On
February 14, 2023
Staffing & HR
Main Street Capital Corporation completed a $12.2 million follow-on investment (comprised of $11.2M first-lien term debt and $1.0M equity) in portfolio company Iron-Main Investments, LLC to support Iron-Main’s acquisition of an undisclosed company that provides pre-employment background checks and related services. The acquisition is intended to expand and diversify Iron-Main’s customer base, market presence and service offerings—particularly across industrial and healthcare end markets.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.