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M&A Deal Summary

Main Street Capital Acquires Centre Technologies

On January 8, 2019, private equity firm Main Street Capital acquired information technology company Centre Technologies

Acquisition Highlights
  • This is Main Street Capital’s 4th transaction in the Information Technology sector.
  • This is Main Street Capital’s 103rd transaction in the United States.
  • This is Main Street Capital’s 38th transaction in Texas.

M&A Deal Summary
Date 2019-01-08
Target Centre Technologies
Sector Information Technology
Buyer(s) Main Street Capital
Deal Type Recapitalization

Target

Centre Technologies

Houston, Texas, United States
Centre Technologies is a provider of IT hardware, software and service solutions. The company delivers mission-critical support through a full suite of managed and hosted services, value-added sourcing and integration, and project services. Through its trademarked “C-Stack” platform, Centre blends product capabilities with a consultative services approach to design tailored hardware, software, security, support, and infrastructure solutions for its clients. Centre Technologies was founded in 2006 and is based in Houston, 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 103 of 144
Sector: Information Technology M&A 4 of 6
Type: Recapitalization M&A Deals 34 of 61
State: Texas M&A 38 of 44
Country: United States M&A 103 of 144
Year: 2019 M&A 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 Condit Exhibits

Denver, Colorado, United States

Condit Exhibits LLC is a designer, manufacturer, and manager of trade show exhibits and permanent displays. The company is a premier provider of displays and exhibits, with in-house areas of expertise that include the design, fabrication, and production of high-end trade show exhibits, permanent displays/museum environments, and high-end real estate showrooms. The Company also provides a series of ancillary services that include storage, logistics management, rentals, refurbishment, and the sale of pre-fabricated exhibits. Condit was formed in 1945 and is based in Denver, Colorado.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-05 Boss Industries

LaPorte, Indiana, United States

Boss Industries is a provider of power take-off (PTO) rotary screw air technology, offering a full line of vehicle-integrated compressors as well as natural gas booster and vapor recovery systems. Boss Industries was founded in 1988 and is based in LaPorte, Indiana.

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