M&A Deal Summary

Main Street Capital Acquires NuStep

On February 7, 2017, private equity firm Main Street Capital acquired consumer products company NuStep

Acquisition Highlights
  • This is Main Street Capital’s 2nd transaction in the Consumer Products sector.
  • This is Main Street Capital’s 88th transaction in the United States.
  • This is Main Street Capital’s 1st transaction in Michigan.

M&A Deal Summary
Date 2017-02-07
Target NuStep
Sector Consumer Products
Buyer(s) Main Street Capital
Deal Type Recapitalization

Target

NuStep

Ann Arbor, Michigan, United States
NuStep is a manufacturer and seller of recumbent cross trainers and accessories. NuStep was founded in 1997 and is based in Ann Arbor, 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 88 of 137
Sector (Consumer Products) 2 of 8
Type (Recapitalization) 27 of 56
State (Michigan) 1 of 2
Country (United States) 88 of 137
Year (2017) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-29 Daseke

Addison, Texas, United States

Daseke is a transportation solutions specialist dedicated to servicing challenging industrial end markets. It offers comprehensive, best-in-class services to a diversified portfolio of many of North America’s most respected industrial shippers. Daseke was incorporated in 2008 and is based in Addison, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-09 Charps

Clearbrook, Minnesota, United States

Charps is a specialty contractor focused on the maintenance, repair, fabrication, and construction of oil and gas pipelines. The Company primarily performs work in the Midwest, Ohio Valley, and Eastern U.S. and its pipeline services include pipeline integrity services, emergency response, hydrostatic testing, existing line replacement, pipeline fabrication, and new construction and installation. Charps was founded in 1999 and is based in Clearbrook, Minnesota.

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