M&A Deal Summary

Main Street Capital Acquires OMi Crane

On April 1, 2008, private equity firm Main Street Capital acquired machinery company OMi Crane

Acquisition Highlights
  • This is Main Street Capital’s 2nd transaction in the Machinery sector.
  • This is Main Street Capital’s 20th transaction in the United States.
  • This is Main Street Capital’s 10th transaction in Texas.

M&A Deal Summary
Date 2008-04-01
Target OMi Crane
Sector Machinery
Buyer(s) Main Street Capital
Deal Type Recapitalization
Advisor(s) Allegiance Capital (Financial)

Target

OMi Crane

Royse City, Texas, United States
OMi Crane designs, manufactures, and installs overhead material handling equipment including bridge cranes, runway systems, monorails, jib cranes and hoists. The company also provides maintenance services, inspections and after-market parts for both equipments manufactured by OMi and others. OMi Crane Systems was founded in 1994 and is based in Royse City, 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 20 of 137
Sector (Machinery) 2 of 7
Type (Recapitalization) 9 of 56
State (Texas) 10 of 42
Country (United States) 20 of 137
Year (2008) 3 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-12 NAPCO Precast

San Antonio, Texas, United States

NAPCO Precast is an integrated precast concrete company involved in designing, manufacturing, transporting and erecting precast and pre-stressed concrete products primarily for the non-residential/commercial construction industry. These products include architectural concrete, structural concrete, and insulated wall panels. NAPCO Precast was formed in 1994 and is based in San Antonio, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-09 Lamb s Tire & Automotive

Austin, Texas, United States

Lamb's Tire & Automotive owns and operates fifteen tire retail and automotive repair centers in and around Austin, Texas. The company acts as a branded Goodyear retail tire dealer and offers a full range of auto repair and maintenance services using state-of-the-art computer diagnostic equipment operated by Automotive Service Excellence (ASE) certified technicians. Lamb's was founded in 1987 and is based in Austin, Texas.

Buy -
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