Main Street Capital Announces New Portfolio Investment
HOUSTON, Feb. 1, 2011 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") announced today that it has completed a portfolio investment totaling approximately $10.7 million in invested capital.
Main Street's investment in Van Gilder Insurance Corporation ("Van Gilder" or the "Company") represents a combination of debt and equity capital invested in the Company in order to refinance certain debt obligations and provide additional liquidity for the Company's ongoing operations. Founded in 1905, the Company provides a full spectrum of insurance brokerage services including business insurance, employee benefits, risk management and personal insurance services. Van Gilder is headquartered in Denver, Colorado.
ABOUT MAIN STREET CAPITAL CORPORATION
Main Street (www.mainstcapital.com) is a principal investment firm that primarily provides long-term debt and equity capital to lower middle market companies. Main Street's lower middle market investments are 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 million to $100 million. Main Street seeks to partner with entrepreneurs, business owners and management teams and generally provides "one stop" financing alternatives within its lower middle market portfolio. Main Street also maintains a portfolio of privately placed secured, interest-bearing debt investments in middle market businesses that are generally larger in size than its lower middle market portfolio companies.
Contacts: Main Street Capital Corporation Todd A. Reppert, President and CFO email@example.com 713-350-6000 Dennard Rupp Gray & Lascar, LLC Ken Dennard | firstname.lastname@example.org Ben Burnham | email@example.com 713-529-6600
SOURCE Main Street Capital Corporation
Released February 1, 2011