M&A Deal Summary

Main Street Capital Acquires Flame King

On November 4, 2021, private equity firm Main Street Capital acquired utilities company Flame King for 32M USD

Acquisition Highlights
  • This is Main Street Capital’s 1st transaction in the Utilities sector.
  • This is Main Street Capital’s 8th largest (disclosed) transaction.
  • This is Main Street Capital’s 122nd transaction in the United States.
  • This is Main Street Capital’s 10th transaction in California.

M&A Deal Summary
Date 2021-11-04
Target Flame King
Sector Utilities
Buyer(s) Main Street Capital
Deal Type Recapitalization
Deal Value 32M USD

Target

Flame King

Pico Rivera, California, United States
Flame King is a supplier of propane storage solutions and accessories. The Company sells its products to recreational consumers indirectly through retailers, propane tank exchangers, RV OEMs and directly to consumers through eCommerce platforms. Flame King was founded in 1998 and headquartered in Pico Rivera, California.

Search 201,157 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 122 of 137
Sector (Utilities) 1 of 1
Type (Recapitalization) 47 of 56
State (California) 10 of 13
Country (United States) 122 of 137
Year (2021) 9 of 12
Size (of disclosed) 8 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-03 J & J Services

Nashville, Tennessee, United States

J & J Services is a second-generation family-owned business providing roll-off dumpster and portable toilet rental services to an expansive base of residential, commercial, and demolition customers. J & J Services was founded in 2000 and headquartered in Nashville, Tennessee.

Sell -
FOLLOWING 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.

Buy -
Mergr

Product

Company

Legal