Main Street Announces Follow-On Investment

PR Newswire2024-12-03

Invests an Additional $30.8 Million in Gamber-Johnson Holdings, LLC to Support Acquisition HOUSTON, Dec. 3, 2024 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased...

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}","selectors":"article","filters":"","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2488550916","pubTimestamp":1733227200,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Invests an Additional $30.8 Million in Gamber-Johnson Holdings, LLC to Support Acquisition. HOUSTON, Dec. 3, 2024 /PRNewswire/ --Main Street Capital Corporation   is pleased to announce that it recently completed a follow-on investment in an existing portfolio company. Main Street, along with its co-investor, made the follow-on investment in Gamber-Johnson Holdings, LLC  to support the Company's strategic acquisition of a manufacturer specializing in products for law enforcement and aftermarket truck accessories. Main Street, along with its co-investor, facilitated the transaction, with Main Street's follow-on investment consisting of an additional $30.8 million first lien, senior secured term debt investment. This follow-on investment represents Main Street's sixth follow-on investment in the Company after initially partnering with the Company's management team to acquire the Company in June 2016.Main Street, through its wholly owned portfolio company MSC Adviser I, LLC , also maintai","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4135":"资产管理与托管银行","GRO":"Brazil Potash Corp.","MAIN":"Main Street Capital","BK4585":"ETF&股票定投概念","BK4588":"碎股"},"translate_title":"Main Street宣布后续投资","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GRO":1,"MAIN":0.9},"content_text":"Invests an Additional $30.8 Million in Gamber-Johnson Holdings, LLC to Support Acquisition\nHOUSTON, Dec. 3, 2024 /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, along with its co-investor, made the follow-on investment in Gamber-Johnson Holdings, LLC (\"Gamber-Johnson\" or the \"Company\") to support the Company's strategic acquisition of a manufacturer specializing in products for law enforcement and aftermarket truck accessories. Main Street, along with its co-investor, facilitated the transaction, with Main Street's follow-on investment consisting of an additional $30.8 million first lien, senior secured term debt investment. This follow-on investment represents Main Street's sixth follow-on investment in the Company after initially partnering with the Company's management team to acquire the Company in June 2016.\nGamber-Johnson is a leading provider of mounting solutions for mobile workforces. With a rich history spanning over 70 years, the Company is committed to quality, innovation and community engagement. Gamber-Johnson is a supplier of rugged mounting systems that safely secure mobile communication systems, computers and other electronic equipment in fleet vehicles, public safety vehicles, forklifts and other mobility applications. Gamber-Johnson's products are used by law enforcement, public safety, military and warehouse fleets around the globe and are known for being rugged, reliable and responsive.\nABOUT MAIN STREET CAPITAL CORPORATION\nMain 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.\nMain 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.\nContacts:Main Street Capital CorporationDwayne L. Hyzak, CEO, dhyzak@mainstcapital.comRyan R. Nelson, CFO, rnelson@mainstcapital.com713-350-6000\nDennard Lascar Investor RelationsKen Dennard | ken@dennardlascar.com Zach Vaughan | zvaughan@dennardlascar.com 713-529-6600\n View original content:https://www.prnewswire.com/news-releases/main-street-announces-follow-on-investment-302320051.html\nSOURCE Main Street Capital Corporation","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2488550916"}