M&A Deal Summary

Main Street Capital Acquires Ira Green

On June 28, 2023, private equity firm Main Street Capital acquired consumer products company Ira Green from Summer Street Capital Partners for 53M USD

Acquisition Highlights
  • This is Main Street Capital’s 8th transaction in the Consumer Products sector.
  • This is Main Street Capital’s largest (disclosed) transaction.
  • This is Main Street Capital’s 135th transaction in the United States.
  • This is Main Street Capital’s 2nd transaction in Rhode Island.

M&A Deal Summary

Date 2023-06-28
Target Ira Green
Sector Consumer Products
Buyer(s) Main Street Capital
Sellers(s) Summer Street Capital Partners
Deal Type Secondary Buyout
Deal Value 53M USD

Target

Ira Green

Providence, Rhode Island, United States
Ira Green is a full-service manufacturer and distributor of nearly 40,000 unique items for the military. Ira Green was established in 1943 and is based in Providence, Rhode Island.

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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 135 of 137
Sector (Consumer Products) 8 of 8
Type (Secondary Buyout) 12 of 12
State (Rhode Island) 2 of 2
Country (United States) 135 of 137
Year (2023) 3 of 4
Size (of disclosed) 1 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-18 CTEC

Reston, Virginia, United States

CTEC is an IT modernization and digital transformation company that serves federal government agencies under multi-year contracts. CTEC was founded in 1996 and is based in Reston, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-26 Elgin Industries

Elgin, Illinois, United States

Elgin Industries is a Tier One supplier of original equipment engine and chassis components to organizations such as Fiat Chrysler, Deere & Company, Ford, General Motors, Harley-Davidson, Mack, and Navistar. Elgin Industries was founded in 1919 and is based in Elgin, Illinois.

Buy -

Seller(S) 1

SELLER

Summer Street Capital Partners

Orchard Park, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 480M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Summer Street Capital is a private equity firm that targets investments in lower middle-market companies located in the Eastern and Midwest areas of the US as well as Southeastern Canada. Summer Street seeks to invest in platform companies generating revenues of at least $10 million. Broad ares of interest include environmental, niche manufacturing, and business services, Prospective transaction situations include growth capital financings, management buyouts, corporate divestitures, generational transitions, and recapitalizations. Summer Street Capital was formed in 1999 and based in Orchard Park, New York.


DEAL STATS #
Overall 16 of 17
Sector (Consumer Products) 1 of 1
Type (Secondary Buyout) 5 of 5
State (Rhode Island) 1 of 1
Country (United States) 15 of 16
Year (2023) 2 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-20 Coastal Waste & Recycling

Boca Raton, Florida, United States

Coastal Waste & Recycling is a provider of solid waste collection, processing, and disposal services. Coastal Waste & Recycling was founded in 2017 and is based in Boca Raton, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-12 Oak Ridge Waste & Recycling

Danbury, Connecticut, United States

Oak Ridge Waste & Recycling is a provider of solid waste collection, transportation, and disposal services for residential and commercial customers in the Northeast. Oak Ridge Waste & Recycling is based in Danbury, Connecticut.

Sell -