Main Street Capital Provides $26M Minority Recapitalization of Superior Rigging & Erecting Co.

September 2, 2020

Main Street Capital Corporation completed a $26.0 million investment to facilitate a minority recapitalization of Superior Rigging & Erecting Co., funded via a combination of first-lien senior secured term debt and a direct equity investment. Superior, headquartered in Atlanta, Georgia, provides rigging, steel erection and crane & equipment rental services across the southeastern United States; Main Street also provided access to additional term debt to support future growth.

Buyers
Main Street Capital Corporation
Targets
Superior Rigging & Erecting Co.
Sellers
Superior Rigging & Erecting Co. management team
Industry
Construction
Location
Georgia, United States
Transaction Type
Recapitalization

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