Skip to main content

Main Street Capital Corp(MAIN-N)
NYSE

Today's Change
Real-Time Last Update Last Sale Cboe BZX Real-Time

Main Street Announces Follow-On Investment

PR Newswire - Tue Feb 14, 2023

Invests $12.2 Million in Iron-Main Investments, LLC to Support Acquisition

HOUSTON, Feb. 14, 2023 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that it recently completed a follow-on investment in an existing portfolio company. Main Street and its co-investor made the follow-on investment in Iron-Main Investments, LLC ("Iron-Main" or the "Company") in continued partnership with the Company's other equity investors to support the Company's acquisition of a company that specializes in pre-employment background checks and ancillary related services primarily in the industrial and healthcare industries. The complementary business significantly expands and diversifies the Company's customer base, market presence and service offerings. Main Street's follow-on investment consists of an additional $11.2 million of first lien, senior secured term debt and a $1.0 million equity investment.

Read more at prnewswire.com

Provided Content: Content provided by PR Newswire. The Globe and Mail was not involved, and material was not reviewed prior to publication.

More from The Globe