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.
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