HOUSTON, June 15, 2021 /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 $23.6
million in first lien, senior secured term debt. Main
Street's follow-on investment in CAI Software, LLC ("CAI" or the
"Company") supported a leveraged recapitalization of the
Company.
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), warehouse management
systems (WMS) software, electronic data interchange (EDI) and
related services. The Company previously acquired MultiProcess
Computer Corporation (June 2017),
Integrated Management Solutions, Inc. (January 2018), Casco Development, Inc.
(December 2018), Robocom Corporation
(June 2020) and Radley Corporation
(December 2020), acquisitions which
expanded the Company's software product offerings and added scale
and diversity to the Company's revenues. Main Street made its
initial investment in CAI during the fourth quarter of 2014.
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.
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.
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