Main Street Capital Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Main Street Capital has acquired 20 companies. It has also invested in 3 others.

Main Street Capital’s most common sectors for investment arebusiness services (13%) and manufacturing (8%) . The Firm’s most common investment types include recapitalization (42%) and growth capital (25%). In total, Main Street Capital has invested in 35 US states. Its largest (disclosed) acquisition occurred in 2023 when it acquired Ira Green for $53M.

In the last 3 years, Main Street Capital has exited 3 companies. The Firm’s most common exit type is trade sale (46%). Main Street Capital’s largest (disclosed) exit occurred in 2017 when it sold Compact Power Equipment Centers for $265M.

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M&A Summary

  • M&A Total Activity180
    • M&A Buy Activity136
    • M&A Sell Activity44
  • Total Sectors Invested 41
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 40

Main Street Capital

Main Street Capital Corp.

1300 Post Oak Boulevard, Suite 800,
Houston, Texas 77056
United States
(713) 350-6000
www.mainstcapital.com
info@mainstcapital.com

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.


Investment Criteria

Sectors of Interest: Automotive, Building Materials, Business Services, Chemicals, Communications, Construction, Consumer Products, Consumer Services, Distribution, Education, Electrical Equipment, Electronics, Energy Services and Equipment, Environmental, Food, Forest Products, Healthcare Services, Information Technology, Machinery, Manufacturing, Marketing, Retail, Software, Staffing, Transportation, Utilities

Target Transaction Types: Buyout (LBO, MBO, MBI), Divestiture, Growth Capital, Recapitalization

Geographic Preferences: East US, Midwest US, South US, West US

Transaction Criteria Min Max
Target Revenue 10 150
Target EBITDA 3 20
Investment Size 5 75
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (5.8/yr) # 107 6 12 7 4 - 136
vol $132M $107M $179M $25M $53M $495M
Sell (1.2/yr) # 38 3 3 - - - 44
vol $446M $446M
  180

Most Recent M&A

Company Date Value Type
Elgin Industries 2023-10-26 - Growth Capital
Elgin, Illinois · www.elginind.com
Ira Green, Inc. 2023-06-28 53M USD Secondary Buyout
Providence, Rhode Island · www.iragreen.com
Cybermedia Technologies, Inc. 2023-05-18 - Growth Capital
Reston, Virginia · www.ctec-corp.com
Infinity X1 LLC 2023-04-28 - Recapitalization
San Diego, California · www.infinityx1.com
World Micro Components LLC 2022-12-20 - Recapitalization
Roswell, Georgia · www.worldmicro.com
MetalForming, Inc. 2022-10-27 - Recapitalization
Peachtree City, Georgia · www.metalforming-usa.com
Artifact Uprising LLC 2022-07-07 - Recapitalization
Denver, Colorado · www.artifactuprising.com
Jorgensen Laboratories LLC 2022-03-31 - Recapitalization
Loveland, Colorado · www.jorvet.com
Batjer & Associates LLC 2022-03-15 - Recapitalization
Abilene, Texas · www.batjerandassociates.com
Robbins Brothers Jewelry, Inc. 2022-01-13 - Secondary Buyout
Azusa, California · www.robbinsbrothers.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Hawk Ridge Systems LLC 2016-12-07 Adaptive Corporation - Additive Manufacturing Technology 2021-09-14 8
Mountain View, California · www.hawkridgesys.com Hudson, Ohio

M&A by Sector

Sector Current # Value All-time # Value
Business Services 12 (16%) 111M (25%) 17 (13%) 111M (22%)
Manufacturing 6 (8%) - 10 (7%) -
Software 4 (5%) - 9 (7%) -
Consumer Products 7 (10%) 85M (19%) 8 (6%) 85M (17%)
Retail 5 (7%) 94M (21%) 7 (5%) 94M (19%)
Distribution 4 (5%) - 7 (5%) -
Machinery 3 (4%) - 7 (5%) -
Energy Services and Equipment 3 (4%) - 6 (4%) -
Information Technology 4 (5%) - 6 (4%) -
Medical Products 2 (3%) - 4 (3%) 16M (3%)
Electrical Equipment 2 (3%) - 4 (3%) -
Transportation 2 (3%) 41M (9%) 3 (2%) 41M (8%)
Marketing 2 (3%) 20M (5%) 3 (2%) 20M (4%)
Building Materials 2 (3%) - 3 (2%) -
Communications - - 3 (2%) -
Financial Services 1 (1%) - 3 (2%) -
Internet Software and Services 1 (1%) - 3 (2%) -
Staffing 1 (1%) - 3 (2%) -
Construction 1 (1%) 26M (6%) 2 (1%) 26M (5%)
Automotive 1 (1%) - 2 (1%) -
Chemicals 1 (1%) - 2 (1%) -
Education 1 (1%) - 2 (1%) -
Electronics 1 (1%) - 2 (1%) -
Forest Products - - 2 (1%) -
Restaurants 2 (3%) - 2 (1%) -
Food 1 (1%) 41M (9%) 1 (1%) 41M (8%)
Utilities 1 (1%) 32M (7%) 1 (1%) 32M (6%)
Environmental - - 1 (1%) 25M (5%)
Aerospace - - 1 (1%) 5M (1%)
Airlines - - 1 (1%) -
Consumer Services 1 (1%) - 1 (1%) -
Furniture - - 1 (1%) -
Healthcare Services - - 1 (1%) -
Information Services - - 1 (1%) -
Insurance - - 1 (1%) -
Marine - - 1 (1%) -
Media - - 1 (1%) -
Oil/Gas Exploration 1 (1%) - 1 (1%) -
Packaging - - 1 (1%) -
Publishing 1 (1%) - 1 (1%) -
Real Estate - - 1 (1%) -
Total 73 $449M 136 $495M

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 73 (100%) 449M (100%) 136 (100%) 495M (100%)
  Texas 19 (26%) 5M (1%) 42 (31%) 10M (2%)
  California 8 (11%) 93M (21%) 12 (9%) 93M (19%)
  Colorado 4 (5%) 52M (12%) 12 (9%) 52M (10%)
  Georgia 3 (4%) 26M (6%) 5 (4%) 42M (8%)
  Arizona 3 (4%) - 5 (4%) -
  Ohio 2 (3%) 25M (6%) 4 (3%) 25M (5%)
  Oregon 2 (3%) - 4 (3%) -
  Louisiana 1 (1%) - 4 (3%) -
  Connecticut 3 (4%) 73M (16%) 3 (2%) 73M (15%)
  Kansas 2 (3%) 42M (9%) 3 (2%) 42M (9%)
  Illinois 2 (3%) - 3 (2%) -
  Wisconsin 2 (3%) - 3 (2%) -
  Tennessee 1 (1%) - 3 (2%) 25M (5%)
  South Carolina 1 (1%) - 3 (2%) -
  New York 2 (3%) - 2 (1%) -
  Minnesota 2 (3%) - 2 (1%) -
  Michigan 2 (3%) - 2 (1%) -
  Idaho 2 (3%) - 2 (1%) -
  Rhode Island 1 (1%) 53M (12%) 2 (1%) 53M (11%)
  New Jersey 1 (1%) - 2 (1%) -
  Nevada 1 (1%) - 2 (1%) -
  Indiana 1 (1%) - 2 (1%) -
  Florida - - 2 (1%) -
  Washington 1 (1%) 49M (11%) 1 (1%) 49M (10%)
  Maryland 1 (1%) 33M (7%) 1 (1%) 33M (7%)
  Virginia 1 (1%) - 1 (1%) -
  North Carolina 1 (1%) - 1 (1%) -
  Nebraska 1 (1%) - 1 (1%) -
  Missouri 1 (1%) - 1 (1%) -
  Delaware 1 (1%) - 1 (1%) -
  Arkansas 1 (1%) - 1 (1%) -
  Utah - - 1 (1%) -
  Massachusetts - - 1 (1%) -
  Kentucky - - 1 (1%) -
  Alaska - - 1 (1%) -
Total 73 $449M 136 $495M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Recapitalization 43 (59%) 356M (79%) 56 (41%) 356M (78%)
Growth Capital 9 (12%) - 33 (24%) -
Buyout (LBO, MBO, MBI) 11 (15%) 41M (9%) 30 (22%) 46M (10%)
Secondary Buyout 9 (12%) 53M (12%) 12 (9%) 53M (12%)
Acquisition Financing - - 2 (1%) -
Divestiture 1 (1%) - 1 (1%) -
PIPE - - 1 (1%) -
Stake Purchase - - 1 (1%) -
Total 73 $449M 136 $455M

Exits by Deal Type

Type Total # Value
Secondary Sale 12 (27%) 165M (37%)
Trade Sale 12 (27%) -
Trade Sale - Public Company 8 (18%) 276M (62%)
Unknown 5 (11%) 5M (1%)
IPO 2 (5%) -
Merger 2 (5%) -
Recapitalization 2 (5%) -
Sold to Management 1 (2%) -
Total 44 $446M

Deal Values

buy # Total
< $100M 17 $495M
TOTAL $495M
Largest Ira Green, Inc.
$53M (2023-06-28)
sell # Total
$100M to $1B 2 $430M
< $100M 2 $16M
TOTAL $446M
Largest Compact Power Equipment Centers LLC
$265M (2017-07-06)

M&A Connections

Deals
Acquired from
Investor(s)
10%
13 (10%)
Strategic(s)
1%
1 (1%)
Exited to
Investor(s)
32%
14 (32%)
Strategic(s)
48%
21 (48%)

FAQ

When was Main Street Capital founded?

Main Street Capital was founded in 1997.

What type of investor is Main Street Capital?

Main Street Capital is a private equity firm.

Where is Main Street Capital headquartered?

Main Street Capital is headquartered in Houston, Texas.

How much capital does Main Street Capital have under management?

Main Street Capital has 3.0B USD under management.

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