M&A Deal Summary

Main Street Capital Acquires Valley Vet

On December 7, 2021, private equity firm Main Street Capital acquired retailer Valley Vet for 42M USD

Acquisition Highlights
  • This is Main Street Capital’s 6th transaction in the Retail sector.
  • This is Main Street Capital’s 4th largest (disclosed) transaction.
  • This is Main Street Capital’s 124th transaction in the United States.
  • This is Main Street Capital’s 3rd transaction in Kansas.

M&A Deal Summary
Date 2021-12-07
Target Valley Vet
Sector Retail
Buyer(s) Main Street Capital
Deal Type Recapitalization
Deal Value 42M USD

Target

Valley Vet

Marysville, Kansas, United States
Valley Vet provides customers with animal health solutions. Valley Vet Supply serves equine, livestock and pet owners with thousands of medications, vaccines and quality products through its e-commerce website, catalog circulation program, phone sales department and brick & mortar retail store. Valley Vet was founded in 1985 and is based in Marysville, Kansas.

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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 124 of 137
Sector (Retail) 6 of 7
Type (Recapitalization) 49 of 56
State (Kansas) 3 of 3
Country (United States) 124 of 137
Year (2021) 11 of 12
Size (of disclosed) 4 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-03 Verified Credentials

Lakeville, Minnesota, United States

Verified Credentials is a provider of background screening solutions for businesses and individuals. Verified has thousands of customers across the healthcare, education, hospitality, staffing, construction, government services, financial, and security industries. Verified Credentials was founded in 1984 and headquartered in Lakeville, Minnesota.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-13 CAI

Smithfield, Rhode Island, United States

CAI is a provider of specialized enterprise resource planning (ERP) software with industry expertise in several industry sectors, including seafood and other food processing and distribution, lumber and building materials, precious metal refining, and jewelry manufacturing. CAI was founded in 1977 and is based in Smithfield, Rhode Island.

Sell -
Mergr

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