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  5. Main Street Capital Acquires Colonial Electric

M&A Deal Summary

Main Street Capital Acquires Colonial Electric

On April 6, 2021, private equity firm Main Street Capital acquired business services company Colonial Electric for 33M USD

Acquisition Highlights
  • This is Main Street Capital’s 13th transaction in the Business Services sector.
  • This is Main Street Capital’s 6th largest (disclosed) transaction.
  • This is Main Street Capital’s 116th transaction in the United States.
  • This is Main Street Capital’s 1st transaction in Maryland.

M&A Deal Summary
Date 2021-04-06
Target Colonial Electric
Sector Business Services
Buyer(s) Main Street Capital
Deal Type Recapitalization
Deal Value 33M USD

Target

Colonial Electric

Harwood, Maryland, United States
Colonial Electric is a provider of electrical contracting services for electrical installation and construction, operations and maintenance. Colonial Electric was founded in 1970 and is based in Harwood, Maryland.

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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 116 of 144
Sector: Business Services M&A 13 of 17
Type: Recapitalization M&A Deals 42 of 61
State: Maryland M&A 1 of 1
Country: United States M&A 116 of 144
Year: 2021 M&A 3 of 13
Size (of disclosed) 6 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-07 Smoker Friendly

Boulder, Colorado, United States

Smoker Friendly is a major tobacco-focused retail store operator in the United States offering a wide range of tobacco products. Its stores also sell fuel, alcohol, lottery, and other convenience-store essentials. Smoker Friendly was founded in 1989 and is based in Boulder, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-07 Grand Flower Growers

Wayland, Michigan, United States

Grand Flower Growers is a grower and distributor of a variety of plants and flowers, including annuals, mums, poinsettias, perennials, and various other floral arrangements. Grand Flower Growers was founded in 1999 and is based in Wayland, Michigan.

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