Main Street Capital Corporation (NYSE: MAIN), a Houston, TX-based investment firm, announced that since year-end it has invested a total of $36.6M in five existing lower middle market portfolio companies.
These companies include:
Centre Technologies Holdings, a mission critical IT solutions provider offering a suite of solutions including managed and hosted services, value-added sourcing and integration and project services.
Pearl Meyer Topco, an independent provider of executive compensation consulting services, benchmarking data and surveys.
SI East, a provider of steel drums in the United States with manufacturing facilities in Charlotte, NC , Cleveland, OH, and Chicago, IL. It produces a variety of products, including tight head, open head, interior lined, high and low density polyethylene plastic liners and unlined drums among various other offerings.
Slick Innovations is a provider of Application-to-Person software solutions that deliver marketing and customer engagement tools via a software-as-a-service application offering a versatile, feature-rich platform that can be used by a wide variety of industries and organizations to efficiently market and communicate with customers and other parties through automated text messaging within the United States and Canada.
Bolder Panther Group, LLC (Smoker Friendly) is a retailers of tobacco products in the United States and operates 345 retail stores across 12 states which operate as tobacco stores, cigar lounges, liquor stores and gas stations. It also owns a private-label tobacco line that is sold throughout its retail stores and a network of authorized dealers.
Main Street is an investment firm that provides long-term debt and equity capital to lower middle market companies and debt capital to middle market companies. Its portfolio investments are typically made to support management buyouts, recapitalizations, growth financings, refinancings and acquisitions of companies that operate in diverse industry sectors. the firm seeks to partner with entrepreneurs, business owners and management teams and generally provides “one-stop” financing alternatives within its lower middle market investment strategy. Main Street’s lower middle market portfolio companies generally have annual revenues between $10M and $150M.
