M&A Deal Summary

Main Street Capital Acquires MH Corbin

On September 9, 2015, private equity firm Main Street Capital acquired transportation company MH Corbin for 25M USD

Acquisition Highlights
  • This is Main Street Capital’s 3rd transaction in the Transportation sector.
  • This is Main Street Capital’s 10th largest (disclosed) transaction.
  • This is Main Street Capital’s 79th transaction in the United States.
  • This is Main Street Capital’s 3rd transaction in Ohio.

M&A Deal Summary
Date 2015-09-09
Target MH Corbin
Sector Transportation
Buyer(s) Main Street Capital
Deal Type Recapitalization
Deal Value 25M USD

Target

MH Corbin

Dublin, Ohio, United States
MH Corbin is a provider of intelligent transportation solutions designed to gather, analyze and communicate roadway information in real-time. The company partners with transportation professionals around the world to deliver comprehensive software and equipment packages, allowing our customers to increase efficiency, inform motorists and keep highways safe. MH Corbin was formed in 1986 and is based in Dublin, Ohio.

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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 79 of 137
Sector (Transportation) 3 of 3
Type (Recapitalization) 24 of 56
State (Ohio) 3 of 4
Country (United States) 79 of 137
Year (2015) 3 of 4
Size (of disclosed) 10 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-21 IRTH Solutions

Columbus, Ohio, United States

IRTH Solutions is a provider of software and services to the underground utility damage prevention industry. Irth's customers include blue-chip utilities, telcos, pipeline operators and municipalities. Irth's software enables its customers to receive underground construction activity notifications from One Call Centers electronically via irth’s software, replacing traditional fax and email delivery methods with electronic screen notifications efficiently and accurately using geographic information systems (GIS) to streamline the customer's ticket management process. IRTH Solutions was founded 9in 1985 and is based in Columbus, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-03 Apex Linen

Las Vegas, Nevada, United States

Apex Linen is a provider of linen, uniform, and guest laundry and dry cleaning services for the Las Vegas hospitality market. It operates out of a state-of-the-art 90,000 square foot facility with a meaningful capacity to service the multiple needs of large-scale hotel-casinos. Apex Linen was formed in 2010 and is based in Las Vegas, Nevada.

Buy -
Mergr

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