{"id":522850,"date":"2021-08-04T07:05:19","date_gmt":"2021-08-04T11:05:19","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/main-street-announces-new-portfolio-investment\/"},"modified":"2021-08-04T07:05:19","modified_gmt":"2021-08-04T11:05:19","slug":"main-street-announces-new-portfolio-investment","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/main-street-announces-new-portfolio-investment\/","title":{"rendered":"Main Street Announces New Portfolio Investment"},"content":{"rendered":"
\n

Invests in Orttech<\/h2>\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n HOUSTON<\/span>, Aug. 4, 2021<\/span> \/PRNewswire\/ — Main Street Capital Corporation (NYSE: MAIN) (“Main Street”) is pleased to announce that it recently completed a new portfolio investment to facilitate the majority recapitalization of Orttech, Inc. (“Orttech” or the “Company”), a leading value-added distributor of clutches, brakes and related torque control products and components for mission-critical industrial drives across a broad array of industries.\u00a0 Main Street, along with its co-investor, partnered with the Company’s existing owners and management team to facilitate the transaction, with Main Street’s investment including a combination of first-lien, senior secured term debt and a direct equity investment.<\/p>\n

Founded in 1977 and headquartered in Solon, Ohio<\/span>, Orttech (www.orttech.com<\/a>) is the exclusive distributor of Ortlinghaus torque control products in the United States<\/span>, Canada<\/span>, and Mexico<\/span>. Serving a diverse global customer base across the metal forming, marine, winch, and agriculture industries, Ortlinghaus is a leading designer and manufacturer of premium clutches, brakes, and plates for drive applications. Combined with Ortlinghaus’ industry-leading product quality, Orttech’s value-added engineering capabilities provide turnkey solutions to the Company’s longstanding customer base across North America<\/span>.<\/p>\n

\n ABOUT MAIN STREET CAPITAL CORPORATION<\/b>\n <\/p>\n

Main Street (www.mainstcapital.com<\/a><\/u>) 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. \u00a0Main 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. \u00a0Main Street seeks to partner with entrepreneurs, business owners and management teams and generally provides “one stop” financing alternatives within its lower middle market portfolio. \u00a0Main Street’s lower middle market companies generally have annual revenues between $10 million<\/span> and $150 million<\/span>. \u00a0Main Street’s middle market debt investments are made in businesses that are generally larger in size than its lower middle market portfolio companies.<\/p>\n

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.<\/p>\n

\n

Contacts:
Main Street Capital Corporation
<\/u>Dwayne L. Hyzak<\/span>, CEO, dhyzak@mainstcapital.com<\/a>
Brent D. Smith<\/span>, CFO, bsmith@mainstcapital.com<\/a>
713-350-6000<\/p>\n

\n
\n Dennard Lascar<\/span> Investor Relations
<\/u>
\n Ken Dennard<\/span> | ken@dennardlascar.com<\/a>
Zach Vaughan<\/span> | zvaughan@dennardlascar.com<\/a>
713-529-6600<\/p>\n

\n

\n \"Cision\" View original content:https:\/\/www.prnewswire.com\/news-releases\/main-street-announces-new-portfolio-investment-301348028.html<\/a><\/p>\n

SOURCE Main Street Capital Corporation<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

Invests in Orttech PR Newswire HOUSTON, Aug. 4, 2021 \/PRNewswire\/ — Main Street Capital Corporation (NYSE: MAIN) (“Main Street”) is pleased to announce that it recently completed a new portfolio investment to facilitate the majority recapitalization of Orttech, Inc. (“Orttech” or the “Company”), a leading value-added distributor of clutches, brakes and related torque control products and components for mission-critical industrial drives across a broad array of industries.\u00a0 Main Street, along with its co-investor, partnered with the Company’s existing owners and management team to facilitate the transaction, with Main Street’s investment including a combination of first-lien, senior secured term debt and a direct equity investment. Founded in 1977 and headquartered in Solon, Ohio, Orttech (www.orttech.com) is the exclusive distributor of Ortlinghaus … <\/p>\n

Continue reading “Main Street Announces New Portfolio Investment”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-522850","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nMain Street Announces New Portfolio Investment - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/main-street-announces-new-portfolio-investment\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Main Street Announces New Portfolio Investment - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Invests in Orttech PR Newswire HOUSTON, Aug. 4, 2021 \/PRNewswire\/ — Main Street Capital Corporation (NYSE: MAIN) (“Main Street”) is pleased to announce that it recently completed a new portfolio investment to facilitate the majority recapitalization of Orttech, Inc. (“Orttech” or the “Company”), a leading value-added distributor of clutches, brakes and related torque control products and components for mission-critical industrial drives across a broad array of industries.\u00a0 Main Street, along with its co-investor, partnered with the Company’s existing owners and management team to facilitate the transaction, with Main Street’s investment including a combination of first-lien, senior secured term debt and a direct equity investment. 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