M&A Deal Summary

Main Street Capital Acquires Charps

On February 9, 2017, private equity firm Main Street Capital acquired energy services and equipment company Charps

Acquisition Highlights
  • This is Main Street Capital’s 5th transaction in the Energy Services and Equipment sector.
  • This is Main Street Capital’s 89th transaction in the United States.
  • This is Main Street Capital’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2017-02-09
Target Charps
Sector Energy Services and Equipment
Buyer(s) Main Street Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Charps

Clearbrook, Minnesota, United States
Charps is a specialty contractor focused on the maintenance, repair, fabrication, and construction of oil and gas pipelines. The Company primarily performs work in the Midwest, Ohio Valley, and Eastern U.S. and its pipeline services include pipeline integrity services, emergency response, hydrostatic testing, existing line replacement, pipeline fabrication, and new construction and installation. Charps was founded in 1999 and is based in Clearbrook, Minnesota.

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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 89 of 137
Sector (Energy Services and Equipment) 5 of 6
Type (Buyout (LBO, MBO, MBI)) 26 of 31
State (Minnesota) 1 of 2
Country (United States) 89 of 137
Year (2017) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-07 NuStep

Ann Arbor, Michigan, United States

NuStep is a manufacturer and seller of recumbent cross trainers and accessories. NuStep was founded in 1997 and is based in Ann Arbor, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-13 Binswanger Glass

Memphis, Tennessee, United States

Binswanger Glass is a provider of repair, replacement, remodeling as well as new construction and installation services for a full suite of architectural glass and aluminum products, serving commercial, residential, and automotive aftermarket customers. Binswanger Glass was formed in 1872 and is based in Memphis, Tennessee.

Buy -
Mergr

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