M&A Deal Summary

Main Street Capital Acquires Houston Plating and Coatings

On January 1, 2003, private equity firm Main Street Capital acquired chemicals company Houston Plating and Coatings

Acquisition Highlights
  • This is Main Street Capital’s 1st transaction in the Chemicals sector.
  • This is Main Street Capital’s 2nd transaction in the United States.
  • This is Main Street Capital’s 2nd transaction in Texas.

M&A Deal Summary
Date 2003-01-01
Target Houston Plating and Coatings
Sector Chemicals
Buyer(s) Main Street Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Houston Plating and Coatings

Humble, Texas, United States
Houston Plating & Coatings is a provider of nickel plating and industrial coating services. The company primarily serves the oil field equipment and valve industries, but its services are applicable for many metal corrosion protection needs. Houston Plating and Coatings was formed in 1988 and is based in South 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 2 of 137
Sector (Chemicals) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 2 of 31
State (Texas) 2 of 42
Country (United States) 2 of 137
Year (2003) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-05-01 Avail Consulting

Houston, Texas, United States

Main Street assisted in the formation of Avail Consulting, LLC (“Avail”) in May 2002 to purchase the Southwest Region Valuation and Appraisal Practice of Arthur Andersen, LLP (the “Practice”). Avail is a leading provider of business and equipment valuation services, real estate appraisal services, and related financial advisory and consulting services. The Practice was founded in 1984 and has a successful track record of profitability and growth. Main Street provided Avail with additional financing for working capital and growth initiatives.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-01-01 Cafe Brazil

Allen, Texas, United States

Café Brazil owns and operates seven full service restaurant/coffee houses in the Dallas/Fort Worth Metroplex. Cafe Brazil also operates a wholesale bakery production facility which provides fresh breads, empanadas, pastries, cakes and other assorted hand-made bakery/desert items to each restaurant as well as wholesales products to local grocery stores. Cafe Brazil was founded in 1991 and is based in Allen, Texas.

Buy -
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