M&A Deal Summary

Main Street Capital Acquires PPL

On June 15, 2010, private equity firm Main Street Capital acquired retailer PPL

Acquisition Highlights
  • This is Main Street Capital’s 2nd transaction in the Retail sector.
  • This is Main Street Capital’s 34th transaction in the United States.
  • This is Main Street Capital’s 16th transaction in Texas.

M&A Deal Summary
Date 2010-06-15
Target PPL
Sector Retail
Buyer(s) Main Street Capital
Deal Type Recapitalization

Target

PPL

Houston, Texas, United States
PPL is a consigner of pre-owned recreational vehicles and online parts retailer in the United States. The company also services recreational vehicles and sells parts directly to consumers from its sales and consignment facility. PPL was formed in 1972 and is located in 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 34 of 137
Sector (Retail) 2 of 7
Type (Recapitalization) 10 of 56
State (Texas) 16 of 42
Country (United States) 34 of 137
Year (2010) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-15 Harrison Hydra-Gen

Houston, Texas, United States

Harrison Hydra-Gen is a manufacturer of hydraulic-driven generators used in various industries such as fire & emergency, oilfield, utility, public works, aerial work platforms, military, marine, construction, trucking and many more. HHG was formed in 1997 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-21 Merrick Systems

Houston, Texas, United States

Merrick Systems is a provider of information technologies to mid-stream and upstream energy companies. Merrick's technology solutions improve production operations through automation technology that extends the economic life of producing properties, lowers lifting costs, increases production and optimizes overall operations.

Buy -
Mergr

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