Main Street Capital Acquires Victory Energy Operations from Saw Mill 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.

Victory Capital Acquires New Energy Capital Partners

September 13, 2021

Financial Services

Victory Capital Holdings, Inc. agreed to acquire 100% of New Energy Capital Partners (NEC), adding NEC as its 11th investment franchise and launching an alternative investments platform focused on clean energy infrastructure. NEC, a Hanover, New Hampshire–based alternative asset manager specializing in debt and equity investments in clean energy projects, will operate within Victory Capital's centralized operating and distribution infrastructure.

ShoreView Invests in Victory Air and Equipment, LLC

April 22, 2020

Industrial Services

ShoreView, a Minneapolis-based private equity firm, has made an investment to recapitalize Victory Air and Equipment, a distributor of abrasives, paint, blasting equipment and replacement parts headquartered in Victoria, Texas. The recapitalization provides the company's owners with liquidity and growth capital to support geographic expansion into end markets including petrochemicals, oil & gas, industrial manufacturing and marine/shipbuilding.

Main Street Capital Provides $32.9M to Recapitalize Colonial Electric Company

April 6, 2021

Construction

Main Street Capital Corporation invested $32.9 million in a recapitalization of Colonial Electric Company, LLC, providing a mix of first-lien senior secured term debt and a direct equity investment plus a revolving credit facility. Main Street and an unnamed co-investor partnered with Colonial's existing owners and senior management to complete the transaction and support the company’s working capital needs.

The Carlyle Group Acquires Majority Stake in Victory Innovations

September 16, 2020

Manufacturing

The Carlyle Group will acquire a majority stake in Minneapolis-based Victory Innovations, a maker of cordless electrostatic sprayers used to disinfect offices, airplanes, schools and other businesses. Carlyle's investment will accelerate Victory's growth and planned expansion into key global markets, leveraging Carlyle Partners VII to support international scaling.

Main Street Capital Invests $42.2M to Recapitalize Valley Vet Supply

December 7, 2021

Veterinary

Main Street Capital Corporation led a $42.2 million financing package (first-lien senior secured term debt plus a direct equity investment) to recapitalize Valley Veterinary Clinic, LLC d/b/a Valley Vet Supply. The transaction included a revolving credit facility from Main Street and co-investors to support Valley Vet Supply's growth initiatives and working capital needs.