Main Street Announces Follow-On Investment
Main Street Capital (NYSE: MAIN) has completed a follow-on investment in Gamber-Johnson Holdings, consisting of a $30.8 million first lien, senior secured term debt investment. This marks Main Street's sixth follow-on investment since initially partnering with the company in June 2016. The investment supports Gamber-Johnson's strategic acquisition of a manufacturer specializing in law enforcement and aftermarket truck accessories. Gamber-Johnson is a leading provider of mounting solutions for mobile workforces, supplying rugged mounting systems for electronic equipment in fleet vehicles, public safety vehicles, forklifts, and other mobility applications.
Main Street Capital (NYSE: MAIN) ha completato un investimento aggiuntivo in Gamber-Johnson Holdings, consistere in un investimento in debito garantito senior di primo grado da 30,8 milioni di dollari. Questo segna il sesto investimento aggiuntivo di Main Street da quando ha iniziato a collaborare con l'azienda a giugno 2016. L'investimento supporta l'acquisizione strategica da parte di Gamber-Johnson di un produttore specializzato in attrezzature per le forze dell'ordine e accessori aftermarket per camion. Gamber-Johnson è un fornitore leader di soluzioni di montaggio per forze lavoro mobili, fornendo sistemi di montaggio robusti per apparecchiature elettroniche in veicoli commerciali, veicoli di pubblica sicurezza, carrelli elevatori e altre applicazioni mobili.
Main Street Capital (NYSE: MAIN) ha completado una inversión adicional en Gamber-Johnson Holdings, que consiste en una inversión en deuda a plazo garantizada senior de 30,8 millones de dólares. Esto marca la sexta inversión adicional de Main Street desde que se asoció inicialmente con la empresa en junio de 2016. La inversión apoya la adquisición estratégica de Gamber-Johnson de un fabricante especializado en accesorios para camiones y en el ámbito de la aplicación de la ley. Gamber-Johnson es un proveedor líder de soluciones de montaje para fuerzas laborales móviles, suministrando sistemas de montaje resistentes para equipos electrónicos en vehículos de flota, vehículos de seguridad pública, carretillas elevadoras y otras aplicaciones de movilidad.
Main Street Capital (NYSE: MAIN)는 Gamber-Johnson Holdings에 대한 추가 투자를 완료했습니다. 이 투자는 3천 8백만 달러 규모의 첫 번째 담보, 선순위 장기 부채 투자로 구성되어 있습니다. 이는 Main Street가 2016년 6월에 이 회사와 처음 파트너십을 체결한 이후 여섯 번째 추가 투자입니다. 이 투자는 Gamber-Johnson이 법 집행 및 애프터마켓 트럭 액세서리 전문 제조업체를 인수하기 위한 전략적 투자입니다. Gamber-Johnson은 이동 근무자를 위한 장착 솔루션의 선도적인 공급업체로, 차량, 공공 안전 차량, 포크리프트 및 기타 이동성 애플리케이션에 전자 장비를 위한 견고한 장착 시스템을 공급하고 있습니다.
Main Street Capital (NYSE: MAIN) a réalisé un investissement supplémentaire dans Gamber-Johnson Holdings, comprenant un investissement dans une dette à terme sécurisée senior de 30,8 millions de dollars. Cela marque le sixième investissement supplémentaire de Main Street depuis son partenariat initial avec la société en juin 2016. Cet investissement soutient l'acquisition stratégique par Gamber-Johnson d'un fabricant spécialisé dans les accessoires pour camions et destinés aux forces de l'ordre. Gamber-Johnson est un fournisseur leader de solutions de montage pour les forces de travail mobiles, fournissant des systèmes de montage robustes pour les équipements électroniques dans les véhicules de flotte, les véhicules de sécurité publique, les chariots élévateurs et d'autres applications mobiles.
Main Street Capital (NYSE: MAIN) hat eine Folgeinvestition in Gamber-Johnson Holdings abgeschlossen, die aus einer 30,8 Millionen US-Dollar umfassenden ersten Hypothek, einem senioren gesicherten Terminkredit besteht. Dies ist die sechste Folgeinvestition von Main Street, seitdem das Unternehmen im Juni 2016 eine Partnerschaft mit Gamber-Johnson eingegangen ist. Die Investition unterstützt die strategische Akquisition von Gamber-Johnson, einem Hersteller, der auf Produkte für die Strafverfolgung und Aftermarket-Zubehör für Lastwagen spezialisiert ist. Gamber-Johnson ist ein führender Anbieter von Montagesystemen für mobile Arbeitskräfte und liefert robuste Montagesysteme für elektronische Geräte in Flottenfahrzeugen, Fahrzeugen der öffentlichen Sicherheit, Gabelstaplern und anderen Mobilitätsanwendungen.
- Secured $30.8 million first lien, senior secured term debt investment
- Strategic expansion through acquisition in complementary market segment
- Demonstrates continued growth with sixth follow-on investment since 2016
- Increased debt exposure through new term debt investment
Insights
This follow-on investment demonstrates MAIN's strategic commitment to supporting portfolio company growth through acquisition financing. The
The acquisition target's focus on law enforcement and aftermarket truck accessories aligns well with Gamber-Johnson's existing product portfolio and market presence. This vertical integration should create operational synergies and strengthen Gamber-Johnson's market position in the mobile workforce solutions sector. The steady demand from law enforcement, military and fleet operations provides a stable revenue base, while the expansion into aftermarket accessories opens additional growth channels.
Invests an Additional
Gamber-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.
ABOUT MAIN STREET CAPITAL CORPORATION
Main 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
Main 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.
Contacts:
Main Street Capital Corporation
Dwayne L. Hyzak, CEO, dhyzak@mainstcapital.com
Ryan R. Nelson, CFO, rnelson@mainstcapital.com
713-350-6000
Dennard Lascar Investor Relations
Ken Dennard | ken@dennardlascar.com
Zach Vaughan | zvaughan@dennardlascar.com
713-529-6600
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SOURCE Main Street Capital Corporation
FAQ
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