Main Street Announces New Portfolio Investment
- Editor
- Mar 25
- 1 min read
Whats Happening:
Main Street Capital Corporation has completed a new portfolio investment of $49.3 million in Moffitt Holdings, LLC, a leading bulk fuel and lubricant distribution solutions provider. The investment, which includes a combination of first-lien, senior secured term debt and a direct equity investment, facilitates the minority recapitalization of Moffitt in partnership with the company's founders and management team.
Key Moves:
Main Street invests $49.3 million in Moffitt Holdings
Investment includes first-lien, senior secured term debt and direct equity
Facilitates minority recapitalization of Moffitt
By The Numbers:
Main Street's investment totals $49.3 million
Moffitt was founded in 2014
Main Street's lower middle market companies have annual revenues between $10 million and $150 million
Bottom Line:
Main Street Capital's $49.3 million investment in Moffitt Holdings demonstrates the fund's continued focus on providing customized financing solutions to lower middle market companies. This transaction aligns with Main Street's strategy of partnering with management teams to support growth and create value in diverse industry sectors.
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