Invests an Additional $30.8 Million in Gamber-Johnson Holdings,
LLC to Support Acquisition
HOUSTON, Dec. 3, 2024
/PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN)
("Main Street") is pleased to announce that it recently completed a
follow-on investment in an existing portfolio company. Main Street,
along with its co-investor, made the follow-on investment in
Gamber-Johnson Holdings, LLC ("Gamber-Johnson" or the "Company") to
support the Company's strategic acquisition of a manufacturer
specializing in products for law enforcement and aftermarket truck
accessories. Main Street, along with its co-investor, facilitated
the transaction, with Main Street's follow-on investment consisting
of an additional $30.8 million first
lien, senior secured term debt investment. This follow-on
investment represents Main Street's sixth follow-on investment in
the Company after initially partnering with the Company's
management team to acquire the Company in June 2016.
Gamber-Johnson is a leading provider of mounting solutions for
mobile workforces. With a rich history spanning over 70 years, the
Company is committed to quality, innovation and community
engagement. Gamber-Johnson is a supplier of rugged mounting systems
that safely secure mobile communication systems, computers and
other electronic equipment in fleet vehicles, public safety
vehicles, forklifts and other mobility applications.
Gamber-Johnson's products are used by law enforcement, public
safety, military and warehouse fleets around the globe and are
known for being rugged, reliable and responsive.
ABOUT MAIN STREET CAPITAL CORPORATION
Main Street (www.mainstcapital.com) is a principal investment
firm that primarily provides customized long-term debt and equity
capital solutions to lower middle market companies and debt capital
to private companies owned by or in the process of being acquired
by a private equity fund. Main Street's portfolio investments are
typically made to support management buyouts, recapitalizations,
growth financings, refinancings and acquisitions of companies that
operate in diverse industry sectors. Main Street seeks to partner
with entrepreneurs, business owners and management teams and
generally provides customized "one-stop" debt and equity financing
alternatives within its lower middle market investment strategy.
Main Street seeks to partner with private equity fund sponsors and
primarily invests in secured debt investments in its private loan
investment strategy. Main Street's lower middle market portfolio
companies generally have annual revenues between $10 million and $150
million. Main Street's private loan portfolio companies
generally have annual revenues between $25
million and $500 million.
Main Street, through its wholly owned portfolio company MSC
Adviser I, LLC ("MSC Adviser"), also maintains an asset management
business through which it manages investments for external parties.
MSC Adviser is registered as an investment adviser under the
Investment Advisers Act of 1940, as amended.
Contacts:
Main Street Capital
Corporation
Dwayne L.
Hyzak, CEO,
dhyzak@mainstcapital.com
Ryan R. Nelson,
CFO, rnelson@mainstcapital.com
713-350-6000
Dennard Lascar Investor
Relations
Ken
Dennard |
ken@dennardlascar.com
Zach Vaughan |
zvaughan@dennardlascar.com
713-529-6600
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SOURCE Main Street Capital Corporation