M&A Deal Summary

Main Street Capital Acquires Pearl Meyer

On April 28, 2020, private equity firm Main Street Capital acquired business services company Pearl Meyer for 49M USD

Acquisition Highlights
  • This is Main Street Capital’s 12th transaction in the Business Services sector.
  • This is Main Street Capital’s 3rd largest (disclosed) transaction.
  • This is Main Street Capital’s 111th transaction in the United States.
  • This is Main Street Capital’s 1st transaction in Washington.

M&A Deal Summary
Date 2020-04-28
Target Pearl Meyer
Sector Business Services
Buyer(s) Main Street Capital
Deal Type Recapitalization
Deal Value 49M USD

Target

Pearl Meyer

Wellesley, Washington, United States
website
Pearl Meyer is an independent executive compensation consulting firm. PM&P has served as a trusted advisor to Boards and their senior management in the areas of governance, strategy, and compensation program design. Clients from the Fortune 500 to not-for-profits and emerging high-growth companies rely on PM&P to help align rewards with long-term business goals to create value for all stakeholders: shareholders, executives, and employees. Pearl Meyer was founded in 1989 and is based in Wellesley, Washington.

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Buyer(S) 1

Buyer

Main Street Capital

Houston, Texas, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1997
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Main Street Capital Holdings is a public investment firm that invests in mid-market companies to support ownership transitions, recapitalizations, strategic acquisitions, business expansion and other growth initiatives. Main Street looks for businesses opearting in basic industries with positive cash-flow and and defensible competitive advantages. Main Street generally invests $5 to $75 million in companies with $10 to $150 million of revenue and EBITDA of $3 to $20 million. Investments are usually in the form of term debt and/or direct equity. Main Street Capital Corporation was formed in 1997 and is based in Houston, Texas.

DEAL STATS #
Overall 111 of 136
Sector (Business Services) 12 of 17
Type (Recapitalization) 38 of 56
State (Washington) 1 of 1
Country (United States) 111 of 136
Year (2020) 4 of 6
Size (of disclosed) 3 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-19 Classic

Shelton, Connecticut, United States

Classic delivers packaging products through two distinct brands. Classic Home & Garden brand designs, engineers, manufactures and distributes decorative planters, fountains and home décor items through partnerships with growers, garden shops and traditional/online retailers, and Jade Road brand designs, engineers and manufactures turnkey fragrance products in addition to custom packaging solutions for the global fragrance and beauty categories. Classic was founded in 1975 and headquartered in Shelton, Connecticut.

Buy $32M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-11 Coastal Television Broadcasting

Anchorage, Alaska, United States

Coastal Television Broadcasting Co. is a television broadcasting company that engages in the operation of broadcasting stations in duopoly or triopoly small-to-mid-size markets. Coastal TV owns and operates KTBY, KFNB, KLWY and WLOV, the FOX Broadcast affiliates in Anchorage, AK, Casper, WY, Cheyenne, WY and Tupelo, MS, respectively. Coastal Television Broadcasting Co. was founded in 2008 and is based in Anchorage, Alaska.

Buy -
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