M&A Deal Summary

Main Street Capital Acquires Grand Flower Growers

On April 7, 2021, private equity firm Main Street Capital acquired consumer products company Grand Flower Growers

Acquisition Highlights
  • This is Main Street Capital’s 6th transaction in the Consumer Products sector.
  • This is Main Street Capital’s 117th transaction in the United States.
  • This is Main Street Capital’s 2nd transaction in Michigan.

M&A Deal Summary
Date 2021-04-07
Target Grand Flower Growers
Sector Consumer Products
Buyer(s) Main Street Capital
Deal Type Recapitalization

Target

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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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 117 of 137
Sector (Consumer Products) 6 of 8
Type (Recapitalization) 43 of 56
State (Michigan) 2 of 2
Country (United States) 117 of 137
Year (2021) 4 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-06 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.

Buy $33M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-16 PCI

Riverside, California, United States

PCI designs and manufactures ruggedized, on-site liquid and gaseous oxygen and nitrogen generating systems for the global defense and petroleum markets. The Company's portable products provide logistical solutions and replace the need to transport bulky and potentially hazardous cylinders. PCI was formed in 1984 and is based in Riverside, California.

Sell -
Mergr

Product

Company

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