Tracked deals
10
10 tracked deals across 2019-2026.
Santa Fe, New Mexico, United States
Sector-focused private investment firm investing in software, data, communications, and business services companies; majority equity sponsor/co-investor.
Tracked deals
10
10 tracked deals across 2019-2026.
Recent pace
1
1 tracked deal announced in the last 12 months.
Deal mix
Recapitalization
6 recapitalization · 2 buyout · 1 addon
Last 5 years
Supporting Data
Main Street Capital Corporation recently completed a $15.3 million portfolio investment to help facilitate the leveraged buyout of a leading healthcare data services provider. The deal involved Main Street partnering with Iron Creek Partners, LLC (majority equity investor) and the company’s existing owner, with proceeds used via first-lien/senior secured debt and a direct minority equity investment.
Main Street Capital Corporation provided $11.2 million of financing as part of a majority recapitalization of MoneyThumb, Inc., partnering with majority equity investor Iron Creek Partners and MoneyThumb’s founder and management. MoneyThumb, a Encinitas-based SaaS provider of financial file conversion, reconciliation and fraud-detection software serving the MCA and accounting industries, will use the transaction to provide liquidity to existing owners and support product and market expansion.
Iron Creek Partners, with participation from Main Street Capital Corporation, has acquired MoneyThumb, a San Diego–area provider of automated underwriting and fraud-detection software. The transaction, which closed on August 19, 2024, will provide growth capital to accelerate product development and market expansion; Ryan Campbell was named CEO and joined the investor group while founder Ralph Mayer moves to an advisory role.
Prism Visual Software, a portfolio company of Iron Creek Partners, has acquired Advantage Route Systems (ARS), a provider of route accounting and direct store delivery (DSD) software. The acquisition, which closed April 16, 2024, expands Prism's product portfolio, addressable market and geographic reach by adding ARS's Mango One suite and global customer footprint.
Iron Creek Partners led a recapitalization of Career Team, LLC and affiliate Career Edge, LLC, with participation from Career TEAM's management and Main Street Capital Corporation. The transaction, which closed in December 2021, provides significant growth capital to support the companies' workforce development services and Career Edge LMS / case management software expansion; management remains in place and retains a meaningful equity stake.
Main Street Capital Corporation provided $24.8 million of first‑lien, senior secured term debt and a minority direct equity investment to Career Team Holdings, LLC to facilitate the recapitalizations of Career TEAM, LLC and Career Edge, LLC. Main Street partnered with Iron Creek Partners and the companies' existing owner/CEO (and an unnamed co‑investor) to provide growth capital, a revolving line of credit, and working capital to support future growth initiatives.
Iron Creek Partners led a recapitalization of Midwest Backgrounds, Inc. (MBI Worldwide) in a transaction that closed in September 2021, with participation from MBI's management team and Main Street Capital Corporation. The investment provides growth capital to support MBI's expansion of its employment background screening and consumer reporting services; financial terms were not disclosed.
Iron Creek Partners led an investment alongside Main Street Capital Corporation to provide growth capital to Credential Check Corporation, a Troy, Michigan–based provider of employment background screening and drug testing services. The transaction closed in August 2021; financial terms were not disclosed.
Iron Creek Partners led a recapitalization of Verified Credentials, Inc., joined by Verified's management team and Main Street Capital Corporation, closing in November 2021. The transaction provided growth capital to support Verified's technology advancement and product expansion; financial terms were not disclosed and CEO Kevin Spang remains in place and will join the board.
Iron Creek Partners, alongside investor SKP Holdings (led by Shashank Patel), completed a recapitalization of Prism Visual Software, a Roslyn, New York-based provider of direct store delivery (DSD) and route accounting software. Shashank Patel joined as CEO and Lorraine Keating will remain as President; the investment is intended to support Prism’s product development, organic growth and potential acquisitions in the DSD software space.
Turn tracked acquisition activity into an outreach-ready buyer list.