Main Street Capital Corporation Announces $16.9 Million in New Investments
HOUSTON, Feb. 4 /PRNewswire-FirstCall/ -- Main Street Capital Corporation (Nasdaq: MAIN) ("Main Street") announced today that it has closed three self- sponsored investments so far in 2008 totaling $16.9 million. Main Street's investments in 2008 include: a debt and equity investment in NAPCO, Precast, LLC, a leading designer, manufacturer and installer of precast and prestressed concrete products serving the commercial, industrial and high density multi- family segments of the construction industry; a follow-on debt investment in Technical Innovations, LLC, a designer and manufacturer of manual, semiautomatic, pneumatic and computer controlled machines and tools used primarily by medical device manufacturers to place access holes in catheters; and an equity investment in Uvalco Supply, LLC, a leading retailer of farm and ranch supplies to ranch owners and farmers, as well as a leading provider of design, fabrication and erection services for metal buildings throughout South Texas.
ABOUT MAIN STREET CAPITAL CORPORATION
Main Street (http://www.mainstreethouston.com) is a principal investment firm that provides long-term debt and equity capital to lower middle market companies. Main Street's investments are generally made to support management buyouts, recapitalizations, growth financings and acquisitions of companies that operate in diverse industry sectors and generally have annual revenues ranging from $10 to $100 million. Main Street seeks to partner with entrepreneurs, business owners and management teams and generally provides "one-stop" financing alternatives to its portfolio companies.
This press release may contain certain forward-looking statements. Any such statements, other than statements of historical fact, are likely to be affected by other unknowable future events and conditions, including elements of the future that are or are not under Main Street's control, and that Main Street may or may not have considered; accordingly, such statements cannot be guarantees or assurances of any aspect of future performance. Actual developments and results are highly likely to vary materially from these estimates and projections of the future. Such statements speak only as of the time when made, and Main Street undertakes no obligation to update any such statement now or in the future.
Contacts: Main Street Capital Corporation Todd A. Reppert, President and CFO email@example.com 713-350-6000 Dennard Rupp Gray and Easterly, LLC Ken Dennard firstname.lastname@example.org / 713-529-6600 Augustine Okwu email@example.com / 404-532-0086
SOURCE Main Street Capital Corporation
Released February 4, 2008