HOUSTON, June 16, 2020 /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 totaling $19.9
million. Main Street's follow-on investment in CAI Software,
LLC ("CAI" or the "Company") supported the Company's acquisition of
a complementary business in the supply chain and warehouse
management systems industry, significantly expanding the Company's
customer base and service offering. The follow-on investment
consists of an additional $19.5
million of first lien, senior secured term debt and a
$0.4 million equity investment.
Founded in 1978 and headquartered in Smithfield, Rhode Island, CAI is a leader in
the delivery of mission-critical enterprise resource planning
(ERP), manufacturing execution systems (MES) and warehouse
management systems (WMS) software and services. Main Street
made its initial investment in CAI during the fourth quarter of
2014. Prior to this most recent acquisition, the Company
previously acquired MultiProcess Computer Corporation (June 2017), Integrated Management Solutions
(January 2018) and Casco Development
(December 2018). These acquisitions have significantly
expanded CAI's portfolio of products and services to its customers
and added scale and balance to the Company's revenues.
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 and debt capital to middle market
companies. 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 "one stop" financing alternatives within its
lower middle market portfolio. Main Street's lower middle
market companies generally have annual revenues between
$10 million and $150 million. Main Street's middle market
debt investments are made in businesses that are generally larger
in size than its lower middle market portfolio companies.
Contacts:
Main Street Capital Corporation
Dwayne L. Hyzak, CEO,
dhyzak@mainstcapital.com
Brent D. Smith, CFO,
bsmith@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