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Press release from PR Newswire

Main Street Announces New Portfolio Investment

Thursday, January 03, 2013

Main Street Announces New Portfolio Investment06:00 EST Thursday, January 03, 2013HOUSTON, Jan. 3, 2013 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") announced today that it recently closed a new portfolio investment totaling $8.9 million of invested capital in Hydro Ex Acquisition, LLC, the parent company of Texas ReExcavation, LC ("T-Rex"). Main Street's investment consists of $6.0 million in second lien, secured term debt and a $2.9 million direct equity investment.Founded in 2001, T-Rex is headquartered in Houston, Texas and has three additional offices throughout Texas including Dallas, Odessa, and San Antonio.  T-Rex provides hydro excavation and vacuum excavation services for a variety of industry sectors, including the petrochemical, pipeline, municipal, utilities, construction, oil & gas, engineering, transportation, telecommunication, and environmental industries.  Main Street partnered with third party investors and certain members of T-Rex's management team to support the acquisition of T-Rex.   ABOUT MAIN STREET CAPITAL CORPORATIONMain Street (www.mainstcapital.com) is a principal investment firm that provides long-term debt and equity capital to lower middle market companies and debt capital to middle market companies. 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 "one stop" financing alternatives within its lower middle market portfolio. Main Street's lower middle market companies generally have annual revenues between $10 million and $150 million. Main Street's middle market debt investments are made in businesses that are generally larger in size than its lower middle market portfolio companies.Contacts:Main Street Capital CorporationDwayne L. Hyzak, CFO and Senior Managing Directordhyzak@mainstcapital.com 713-350-6000Dennard Rupp Gray & Lascar, LLCKen Dennard  |  ksdennard@drg-l.com Ben Burnham |  bburnham@drg-l.com 713-529-6600SOURCE Main Street Capital Corporation