Investment Summary

Main Street Capital Invests In Elgin Industries

On October 26, 2022, private equity firm Main Street Capital invested in automotive company Elgin Industries

Investment Highlights
  • This is Main Street Capital’s 2nd transaction in the Automotive sector.
  • This is Main Street Capital’s 132nd transaction in the United States.
  • This is Main Street Capital’s 4th transaction in Illinois.

Investment Summary

Date 2022-10-26
Target Elgin Industries
Sector Automotive
Investor(s) Main Street Capital
Deal Type Growth Capital

Target

Elgin Industries

Elgin, Illinois, United States
Elgin Industries is a Tier One supplier of original equipment engine and chassis components to organizations such as Fiat Chrysler, Deere & Company, Ford, General Motors, Harley-Davidson, Mack, and Navistar. Elgin Industries was founded in 1919 and is based in Elgin, Illinois.

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Investor(S) 1

Investor

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 132 of 144
Sector: Automotive M&A 2 of 2
Type: Growth Capital M&A Deals 32 of 34
State: Illinois M&A 4 of 4
Country: United States M&A 132 of 144
Year: 2022 M&A 6 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-07 Artifact Uprising

Denver, Colorado, United States

Artifact Uprising provides modern, well-crafted printed photo products such as albums, books and gifts made with a focus on elevated design and sustainable materials. Artifact Uprising was founded in 2012 and is based in Denver, Colorado.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-27 MetalForming

Peachtree City, Georgia, United States

MetalForming is a global distributor of metal folding machines and a supplier of high-end architectural sheet metal machines in North America. The company distributes advanced European sheet metal forming, cutting, bending, and coil handling machines to the North American market. MetalForming was founded in 1997 and is headquartered in Peachtree City, Georgia.

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