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M&A Deal Summary

Main Street Capital Acquires SI East

On September 6, 2018, private equity firm Main Street Capital acquired manufacturer SI East

Acquisition Highlights
  • This is Main Street Capital’s 9th transaction in the Manufacturing sector.
  • This is Main Street Capital’s 100th transaction in the United States.
  • This is Main Street Capital’s 1st transaction in Delaware.

M&A Deal Summary
Date 2018-09-06
Target SI East
Sector Manufacturing
Buyer(s) Main Street Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

SI East

Wilmington, Delaware, United States
SI East is a manufacturer of new steel drums including tight head, open head, interior lined, high and low-density polyethylene plastic liners and unlined drums as well as others, to service blue-chips customers across the chemical, resins, food products, petroleum, environmental, flavoring and recycling industries amongst others. SI East was founded in 2012 and is based in Wilmington, Delaware.

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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 100 of 141
Sector: Manufacturing M&A 9 of 11
Type: Buyout (LBO, MBO, MBI) M&A Deals 28 of 31
State: Delaware M&A 1 of 1
Country: United States M&A 100 of 141
Year: 2018 M&A 8 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-05 Tedder Industries

Post Falls, Idaho, United States

Tedder Industries designs, manufactures and markets firearm holsters and accessories primarily under the brand name Alien Gear. The Company creates personal and comfortable solutions for the open and concealed carry consumer market and sells the vast majority of its products through its own ecommerce website. Tedder Industries was founded in 2010 and is based in Post Falls, Idaho.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-17 SlickText

Jamestown, New York, United States

SlickText provides application-to-person (A2P) software solutions offering marketing and customer engagement tools via a SaaS platform. Its platform enables organizations across industries in the United States and Canada to communicate with customers through automated text messaging. SlickText was founded in 2011 and is based in Jamestown, New York.

Buy -
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