1. Home >
  2. M&A >
  3. Recapitalization >
  4. United States >
  5. California >
  6. Main Street Capital Acquires Flame King

M&A Deal Summary

Main Street Capital Acquires Flame King

On November 4, 2021, private equity firm Main Street Capital acquired utilities company Flame King for 32M USD

Acquisition Highlights
  • This is Main Street Capital’s 1st transaction in the Utilities sector.
  • This is Main Street Capital’s 9th largest (disclosed) transaction.
  • This is Main Street Capital’s 122nd transaction in the United States.
  • This is Main Street Capital’s 10th transaction in California.

M&A Deal Summary
Date 2021-11-04
Target Flame King
Sector Utilities
Buyer(s) Main Street Capital
Deal Type Recapitalization
Deal Value 32M USD

Target

Flame King

Pico Rivera, California, United States
Flame King is a supplier of propane storage solutions and accessories. The Company sells its products to recreational consumers indirectly through retailers, propane tank exchangers, RV OEMs and directly to consumers through eCommerce platforms. Flame King was founded in 1998 and is headquartered in Pico Rivera, California.

Search 214,239 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Main Street Capital

Houston, Texas, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1997
PE ASSETS 8.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Main Street Capital 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 $125 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 was formed in 1997 and is based in Houston, Texas.

DEAL STATS #
Overall 122 of 146
Sector: Utilities M&A 1 of 1
Type: Recapitalization M&A Deals 47 of 63
State: California M&A 10 of 13
Country: United States M&A 122 of 146
Year: 2021 M&A 9 of 13
Size (of disclosed) 9 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-03 J & J Services

Nashville, Tennessee, United States

J & J Services is a second-generation family-owned business providing roll-off dumpster and portable toilet rental services to an expansive base of residential, commercial, and demolition customers. J & J Services was founded in 2000 and headquartered in Nashville, Tennessee.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-30 DMA Industries

Tabor City, North Carolina, United States

DMA Industries is a distributor to the North American automotive parts aftermarket, focused on the ride control segment and serving OEM, big-box retail, wholesale, and e-commerce channels. Its product portfolio includes complete strut assemblies, bare struts, shock absorbers, coil springs, brake wear sensors, and lift supports. DMA Industries was founded in 2008 and is based in Tabor City, North Carolina.

Buy -
Mergr

Solution for

Product

Company

Legal