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Investment Summary

Main Street Capital Invests In Elgin Industries

On October 26, 2023, 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 136th transaction in the United States.
  • This is Main Street Capital’s 4th transaction in Illinois.

Investment Summary
Date 2023-10-26
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

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 136 of 137
Sector (Automotive) 2 of 2
Type (Growth Capital) 33 of 33
State (Illinois) 4 of 4
Country (United States) 136 of 137
Year (2023) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-28 Ira Green

Providence, Rhode Island, United States

Ira Green is a full-service manufacturer and distributor of nearly 40,000 unique items for the military. Ira Green was established in 1943 and is based in Providence, Rhode Island.

Buy $53M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-28 CHG

Shelton, Connecticut, United States

CHG delivers packaging products through two distinct brands. Classic Home & Garden brand designs, engineers manufactures, and distributes decorative planters, fountains and home décor items through partnerships with growers, garden shops and traditional/online retailers, and Jade Road brand designs, engineers and manufactures turnkey fragrance products in addition to custom packaging solutions for the global fragrance and beauty categories. CHG was founded in 1975 and is based in Shelton, Connecticut.

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