M&A Deal Summary

Main Street Capital Acquires Batjer & Associates

On March 15, 2022, private equity firm Main Street Capital acquired business services company Batjer & Associates

Acquisition Highlights
  • This is Main Street Capital’s 17th transaction in the Business Services sector.
  • This is Main Street Capital’s 128th transaction in the United States.
  • This is Main Street Capital’s 42nd transaction in Texas.

M&A Deal Summary
Date 2022-03-15
Target Batjer & Associates
Sector Business Services
Buyer(s) Main Street Capital
Deal Type Recapitalization

Target

Batjer & Associates

Abilene, Texas, United States
Batjer & Associates is a provider of mechanical HVAC and plumbing contracting services, including installation, renovation, repair and replacement services for commercial and residential applications. Batjer & Associates was founded in 1947 and is headquartered in Abilene, Texas.

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Buyer(S) 1

Buyer

Main Street Capital

Houston, Texas, United States

Investor Investor Investor Investor Investor

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 128 of 137
Sector (Business Services) 17 of 17
Type (Recapitalization) 51 of 56
State (Texas) 42 of 42
Country (United States) 128 of 137
Year (2022) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-13 Robbins Brothers

Azusa, California, United States

Robbins Brothers operates retail jewelry stores in California, Texas, Washington, Arizona, and online, primarily in the bridal segment. The company provides extensive product education, exceptional quality and value and steadfast commitment to its customers. Robbins Brothers was founded in 1921 and is based in Azusa, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-31 JorVet

Loveland, Colorado, United States

JorVet provides an extensive selection of veterinary medical equipment and supplies to veterinary practices, veterinary hospitals, and universities across North America through a network of veterinary-specific distributors. JorVet was founded in 1965 and is based in Loveland, Colorado.

Buy -
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