#United States #Houston #Main Street Capital #Tax Collection Services #Leveraged Buyout

Main Street Capital Corporation's New Investment

Main Street Capital Corporation (NYSE: MAIN), a prominent investment firm, has recently announced a substantial new investment totaling $10 million. This strategic move is aimed at facilitating the leveraged buyout of a well-known tax collection service provider that specializes in managing delinquent tax collections for local governments.

Founded in 2010 and located in the Southeastern United States, the Company offers essential services that aid municipalities in recovering outstanding taxes. With these funds, Main Street seeks to support the growth and operational efficiency of the Company, ultimately enhancing services that contribute to public safety and community development.

Strategic Partnership

Main Street Capital is not venturing alone in this investment; it has partnered with a specialized private investment firm known for its expertise in this sector. This collaboration has been beneficial to both parties, enabling them to combine resources, knowledge, and networks to ensure a successful transaction. The private firm has become the majority equity investor in the Company, emphasizing a shared vision for future growth and community impact.

Main Street's injection of $10 million into this investment will include first lien, senior secured debt along with a direct minority equity stake. This mixed financing approach underscores Main Street’s commitment to providing tailored financial solutions to meet the unique needs of its portfolio companies.

Commitment to Public Services

The tax collection company focuses on utilizing innovative, data-driven processes to maximize tax recovery efforts. By enhancing revenue collection, these processes help local governments fund essential services such as fire protection, law enforcement, and public infrastructure projects. This aligns perfectly with Main Street's goal of making a positive impact on the communities served by its portfolio companies.

Main Street Capital is dedicated to partnering with entrepreneurs who are keen on contributing to their respective sectors. The firm specializes in offering personalized debt and equity financing solutions targeted at lower middle-market companies. This investment follows its ongoing strategy of supporting organizations that operate across various industries, ideally those with annual revenues between $10 million and $150 million.

A Look Ahead

As Main Street continues to expand its investment portfolio, it remains focused on collaborating with private equity sponsors and leveraging its significant expertise in the financial landscape. The Company’s goal is not only to deliver high returns for its investors but also to foster economic growth within the communities where it operates.

In conclusion, Main Street Capital's recent investment marks a pivotal development, affirming its commitment to supporting businesses that play a crucial role in enhancing public services. This partnership not only aims to improve the bottom line for all parties involved but also emphasizes social responsibility through impactful community engagement.

For more information about Main Street Capital Corporation and its strategic investments, you can visit their website at www.mainstcapital.com.

Contact Information

For further inquiries or insights regarding this investment, you can reach out to:

• - Dwayne L. Hyzak, CEO at [email protected]
• - Ryan R. Nelson, CFO at [email protected]

Additionally, Investor Relations can be contacted at:

• - Ken Dennard at [email protected]
• - Zach Vaughan at [email protected]

Phone: 713-350-6000

This new investment not only signifies a financial maneuver but also strengthens Main Street Capital’s mission to drive positive changes in the communities through innovative solutions and collaboration.