Main Street Announces New Portfolio Investment
Main Street Capital (NYSE: MAIN) has announced a significant new portfolio investment of $49.3 million in Moffitt Holdings, facilitating a minority recapitalization. The investment combines first-lien, senior secured term debt and direct equity investment.
Moffitt Services, founded in 2014 and based in Cypress, Texas, is a leading bulk fuel and lubricant distribution solutions provider. The company serves diverse industries through both core and emergency applications, complemented by a rental business focusing on disaster response services. While primarily operating in Texas, Moffitt's service capability extends across most of the continental United States.
Main Street Capital (NYSE: MAIN) ha annunciato un significativo nuovo investimento di portafoglio di 49,3 milioni di dollari in Moffitt Holdings, facilitando una ricapitalizzazione di minoranza. L'investimento combina debito garantito di primo grado e un investimento azionario diretto.
Moffitt Services, fondata nel 2014 e con sede a Cypress, Texas, è un fornitore leader di soluzioni per la distribuzione di carburante e lubrificanti in grandi quantità. L'azienda serve diverse industrie attraverso applicazioni sia core che di emergenza, supportata da un'attività di noleggio focalizzata sui servizi di risposta alle emergenze. Sebbene operi principalmente in Texas, la capacità di servizio di Moffitt si estende nella maggior parte degli Stati Uniti continentali.
Main Street Capital (NYSE: MAIN) ha anunciado una nueva inversión de cartera significativa de 49,3 millones de dólares en Moffitt Holdings, facilitando una recapitalización minoritaria. La inversión combina deuda garantizada de primer grado y una inversión de capital directo.
Moffitt Services, fundada en 2014 y con sede en Cypress, Texas, es un proveedor líder de soluciones de distribución de combustible a granel y lubricantes. La empresa atiende a diversas industrias a través de aplicaciones tanto básicas como de emergencia, complementadas por un negocio de alquiler centrado en servicios de respuesta a desastres. Aunque opera principalmente en Texas, la capacidad de servicio de Moffitt se extiende por la mayor parte de los Estados Unidos continentales.
Main Street Capital (NYSE: MAIN)는 Moffitt Holdings에 4,930만 달러의 상당한 새로운 포트폴리오 투자를 발표하며, 소수 지분 재자본화를 촉진했습니다. 이 투자는 1순위, 선순위 담보 채무와 직접 주식 투자를 결합합니다.
2014년에 설립된 Moffitt Services는 텍사스주 사이프러스에 본사를 두고 있는 대량 연료 및 윤활유 유통 솔루션의 선두 제공업체입니다. 이 회사는 핵심 및 긴급 응용 분야를 통해 다양한 산업에 서비스를 제공하며, 재난 대응 서비스에 중점을 둔 임대 사업도 보유하고 있습니다. 주로 텍사스에서 운영되지만, Moffitt의 서비스 능력은 미국 본토 대부분에 걸쳐 확장됩니다.
Main Street Capital (NYSE: MAIN) a annoncé un nouvel investissement de portefeuille significatif de 49,3 millions de dollars dans Moffitt Holdings, facilitant une recapitalisation minoritaire. L'investissement combine des dettes garanties de premier rang et un investissement en actions direct.
Moffitt Services, fondée en 2014 et basée à Cypress, au Texas, est un fournisseur leader de solutions de distribution de carburant en vrac et de lubrifiants. L'entreprise sert diverses industries à travers des applications de base et d'urgence, complétées par une activité de location axée sur les services de réponse aux catastrophes. Bien qu'elle opère principalement au Texas, la capacité de service de Moffitt s'étend à la plupart des États-Unis continentaux.
Main Street Capital (NYSE: MAIN) hat eine bedeutende neue Portfolioinvestition in Höhe von 49,3 Millionen Dollar in Moffitt Holdings angekündigt, die eine Minderheitsrekapitalisierung ermöglicht. Die Investition kombiniert vorrangige, gesicherte Terminkredite und direkte Eigenkapitalinvestitionen.
Moffitt Services, gegründet im Jahr 2014 und mit Sitz in Cypress, Texas, ist ein führender Anbieter von Lösungen für die Verteilung von Großkraftstoffen und Schmierstoffen. Das Unternehmen bedient verschiedene Branchen sowohl durch Kern- als auch durch Notfallanwendungen und ergänzt dies durch ein Mietgeschäft, das sich auf Katastrophenreaktionsdienste konzentriert. Obwohl es hauptsächlich in Texas tätig ist, erstreckt sich die Servicekapazität von Moffitt über die meisten Teile der kontinentalen Vereinigten Staaten.
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Founded in 2014 and headquartered in
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
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