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Main Street Announces New Portfolio Investment
By AP News - Apr 01, 2025, 07:38 AM ET
Last Updated - Apr 01, 2025, 07:38 AM EDT
Invests $12.5 Million in Recapitalization of a Management Services Organization
HOUSTON, April 1, 2025 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that it recently completed a new portfolio investment totaling $12.5 million to facilitate the minority recapitalization of a leading vascular care management services organization located in the Northeastern U.S. (the "Company"). Main Street partnered with the Company's founders to facilitate the minority recapitalization. Main Street's investment in the Company includes a combination of first lien, senior secured term debt and a direct equity investment.
Founded in 2007 and operating out of two facilities in the Northeastern U.S., the Company is a provider of vascular care, performing vein and arterial procedures that can help alleviate chronic pain, lower the risk of blood clots, and restore blood flow to narrowed or blocked arteries. The Company's patient-centric model and dedicated team of physicians and staff are committed to providing the highest quality of care to the Company's patient base.
ABOUT MAIN STREET CAPITAL CORPORATION
Main Street ( www.mainstcapital.com ) is a principal investment firm that primarily provides customized long-term debt and equity capital solutions to lower middle market companies and debt capital to private companies owned by or in the process of being acquired by a private equity fund. Main Street's portfolio investments are typically made to support management buyouts, recapitalizations, growth financings, refinancings and acquisitions of companies that operate in diverse industry sectors. Main Street seeks to partner with entrepreneurs, business owners and management teams and generally provides customized "one-stop" debt and equity financing alternatives within its lower middle market investment strategy. Main Street seeks to partner with private equity fund sponsors and primarily invests in secured debt investments in its private loan investment strategy. Main Street's lower middle market portfolio companies generally have annual revenues between $10 million and $150 million. Main Street's private loan portfolio companies generally have annual revenues between $25 million and $500 million.
Main Street, through its wholly owned portfolio company MSC Adviser I, LLC ("MSC Adviser"), also maintains an asset management business through which it manages investments for external parties. MSC Adviser is registered as an investment adviser under the Investment Advisers Act of 1940, as amended.
Contacts:
Main Street Capital Corporation
Dwayne L. Hyzak, CEO, dhyzak@mainstcapital.com
Ryan R. Nelson, CFO, rnelson@mainstcapital.com
713-350-6000
Dennard Lascar Investor Relations
Ken Dennard | ken@dennardlascar.com
Zach Vaughan | zvaughan@dennardlascar.com
713-529-6600
View original content: https://www.prnewswire.com/news-releases/main-street-announces-new-portfolio-investment-302416193.html
SOURCE Main Street Capital Corporation
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