Leelanau Private Capital Recapitalizes Chippewa Concrete Services; Midwest Mezzanine and Oxer Capital Provide Junior Capital

Main Street Capital Recapitalizes Two Northeastern Commercial Concrete Contractors

January 7, 2026

Construction

Main Street Capital Corporation completed a $35.0 million portfolio investment to facilitate minority recapitalizations of two commercial concrete contracting companies under a single holding company. The financing, which includes first-lien senior secured term debt and a direct minority equity investment, partners with the companies' existing owners and management to provide liquidity and support ongoing operations serving large commercial projects such as warehouses, distribution centers, data centers and cold storage facilities.

Lake Street Capital Partners Recapitalizes Concrete Science Holdings; Concrete Science Acquires MD Concrete

August 28, 2024

Construction

Lake Street Capital Partners completed a majority recapitalization and partnership with Concrete Science Holdings, a Minneapolis-based concrete installation and coatings services platform. Concurrently, Concrete Science completed an add-on acquisition of MD Concrete to expand its geographic reach and service capabilities.

LXP Recapitalizes Black Creek Integrated Systems Corp.

May 3, 2024

Software

LXP, LLC completed a recapitalization of Black Creek Integrated Systems Corp., a provider of proprietary public safety software and facility control systems for high-security corrections facilities; the transaction closed on April 9, 2024. Midwest Mezzanine provided subordinated debt and a partial equity investment to support the deal while Third Coast Bank provided senior debt; Brady Hughes will become CEO and founder Ike Newton will transition to the board.

Shoreline Equity Partners Forms Pavement Partners and Recapitalizes Finley Asphalt & Concrete

June 30, 2021

Construction

Shoreline Equity Partners formed Pavement Partners Holding, LLC and recapitalized Finley Asphalt & Concrete to create a platform for acquiring pavement repair and maintenance providers across the U.S. Finley’s founders (Erick and Lewis Finley) remain in leadership and co-investors including Harvey & Company joined the transaction; senior debt was provided by M&T Bank and South State Bank.

Keswick Partners Recapitalizes Metal Tech with Financing from Midwest Mezzanine

August 8, 2023

Industrial Services

Keswick Partners completed a recapitalization of Metal Tech, a Murfreesboro, North Carolina-based equipment maintenance, repair and fabrication services provider, partnering with the company’s management. Midwest Mezzanine provided subordinated debt and equity to support Keswick’s investment; the transaction was represented by Bundy Group and involved owner Brock Felton transitioning ownership as part of the recapitalization.

NewSpring Mezzanine and Jackson Partners Recapitalize GLH Construction

March 12, 2020

Construction

NewSpring Mezzanine participated in an investment to support a majority recapitalization of GLH Construction led by Jackson Partners. The capital will be used to hire additional employees and invest in sales and marketing as GLH, a Windsor, Colorado-based infrastructure contractor, pursues regional growth.