Main Street Capital Provides $15.1M to Recapitalize Batjer (Batjer & Associates / Batjer Service)

March 15, 2022

Main Street Capital Corporation provided $15.1 million in a combination of first lien term debt and a direct equity investment to facilitate the majority recapitalization of Batjer & Associates, LLC and Batjer Service, LLC, a West Texas mechanical HVAC and plumbing contractor headquartered in Abilene, Texas. The financing, done alongside an unnamed co-investor, also includes a revolving credit facility and delayed draw term loan to support working capital and future growth initiatives while partnering with the company's existing owners and senior management.

Buyers
Main Street Capital Corporation, Unnamed co-investor
Targets
Batjer & Associates, LLC and Batjer Service, LLC
Sellers
Company's existing owners and senior management team
Location
Texas, United States
Transaction Type
Recapitalization

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