{"id":528751,"date":"2021-08-17T07:04:13","date_gmt":"2021-08-17T11:04:13","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/main-street-announces-new-portfolio-investments\/"},"modified":"2021-08-17T07:04:13","modified_gmt":"2021-08-17T11:04:13","slug":"main-street-announces-new-portfolio-investments","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/main-street-announces-new-portfolio-investments\/","title":{"rendered":"Main Street Announces New Portfolio Investments"},"content":{"rendered":"
\n

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

\n

\n HOUSTON<\/span>, Aug. 17, 2021<\/span> \/PRNewswire\/ —\u00a0Main Street Capital Corporation (NYSE: MAIN) (“Main Street”) is pleased to announce that it recently invested a cumulative total of $38.5 million<\/span> across three investments, including two new portfolio investments and one follow-on investment to support the growth of an existing portfolio company. <\/p>\n

Main Street recently completed a new portfolio investment to complete the minority recapitalization of The Affiliati Network, LLC (“Affiliati”), a leading performance marketing agency in the United States<\/span> that specializes in affiliate marketing and lead generation solutions for brands and advertisers. Affiliati bridges the gap between advertisers seeking customer leads and affiliates who deliver high quality customer traffic. Affiliati was founded in 2011 and is headquartered in Santa Barbara, California<\/span>. Main Street, along with its co-investor, partnered with Affiliati’s founder and CEO to facilitate the transaction, with Main Street funding $20.4 million<\/span> in a combination of first-lien, senior secured term debt and a direct equity investment. In addition, Main Street and its co-investor are providing Affiliati with a revolving line of credit to support its future growth initiatives and working capital needs.<\/p>\n

Main Street recently completed a new portfolio investment to complete the minority recapitalization of Oneliance, LLC (“Oneliance”), a leading provider of final cleaning services and labor staffing solutions to a diverse base of national and regional commercial general contractors operating throughout the Carolinas, Georgia<\/span>, Tennessee<\/span>, Florida<\/span>, Texas<\/span>, and Colorado<\/span>. Oneliance was founded in 2014 and is headquartered in Charlotte, North Carolina<\/span>. Main Street, along with its co-investor, partnered with Oneliance’s existing owners and management team to facilitate the transaction, with Main Street funding $6.6 million<\/span> in a combination of first-lien, senior secured term debt and a direct equity investment.\u00a0 <\/p>\n

Main Street recently completed a follow-on investment in Bolder Panther Group, LLC (“Smoker Friendly”) to facilitate an acquisition. Smoker Friendly is headquartered in Boulder, Colorado<\/span>, and is one of the largest retailers of tobacco products in the United States<\/span> operating over 180 retail stores across eight states with a mix of tobacco stores, cigar lounges, liquor stores, and gas stations, making it a top-50 convenience store\u00a0chain in the United States<\/span> by size.\u00a0<\/b>Main Street made a $11.5<\/span> million\u00a0follow-on investment to support Smoker Friendly’s acquisition of a complementary 21-store brick-and-mortar retailer in Louisiana<\/span>, further diversifying the company’s existing geography into 8 states. Main Street’s follow-on investment consisted of additional first lien, senior secured term debt.<\/p>\n

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

Contacts:
Main Street Capital Corporation
<\/u>Dwayne L. Hyzak<\/span>, CEO, dhyzak@mainstcapital.com<\/a> \u00a0
Jesse E. Morris<\/span>, COO, jmorris@mainstcapital.com<\/a> \u00a0
713-350-6000 <\/p>\n

\n
\n Dennard Lascar<\/span> Investor Relations<\/u>
\n
\n Ken Dennard<\/span> | ken@dennardlascar.com<\/a> \u00a0
Zach Vaughan<\/span> | zvaughan@dennardlascar.com<\/a> \u00a0
713-529-6600<\/p>\n

\n \"Cision\" View original content:https:\/\/www.prnewswire.com\/news-releases\/main-street-announces-new-portfolio-investments-301356488.html<\/a><\/p>\n

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

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

PR Newswire HOUSTON, Aug. 17, 2021 \/PRNewswire\/ —\u00a0Main Street Capital Corporation (NYSE: MAIN) (“Main Street”) is pleased to announce that it recently invested a cumulative total of $38.5 million across three investments, including two new portfolio investments and one follow-on investment to support the growth of an existing portfolio company. Main Street recently completed a new portfolio investment to complete the minority recapitalization of The Affiliati Network, LLC (“Affiliati”), a leading performance marketing agency in the United States that specializes in affiliate marketing and lead generation solutions for brands and advertisers. Affiliati bridges the gap between advertisers seeking customer leads and affiliates who deliver high quality customer traffic. Affiliati was founded in 2011 and is headquartered in Santa Barbara, California. … <\/p>\n

Continue reading “Main Street Announces New Portfolio Investments”<\/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-528751","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nMain Street Announces New Portfolio Investments - 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-investments\/\" \/>\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 Investments - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire HOUSTON, Aug. 17, 2021 \/PRNewswire\/ —\u00a0Main Street Capital Corporation (NYSE: MAIN) (“Main Street”) is pleased to announce that it recently invested a cumulative total of $38.5 million across three investments, including two new portfolio investments and one follow-on investment to support the growth of an existing portfolio company. Main Street recently completed a new portfolio investment to complete the minority recapitalization of The Affiliati Network, LLC (“Affiliati”), a leading performance marketing agency in the United States that specializes in affiliate marketing and lead generation solutions for brands and advertisers. Affiliati bridges the gap between advertisers seeking customer leads and affiliates who deliver high quality customer traffic. Affiliati was founded in 2011 and is headquartered in Santa Barbara, California. … Continue reading "Main Street Announces New Portfolio Investments"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/main-street-announces-new-portfolio-investments\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-08-17T11:04:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=DA77316&sd=2021-08-17\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/main-street-announces-new-portfolio-investments\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/main-street-announces-new-portfolio-investments\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Main Street Announces New Portfolio Investments\",\"datePublished\":\"2021-08-17T11:04:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/main-street-announces-new-portfolio-investments\\\/\"},\"wordCount\":610,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/main-street-announces-new-portfolio-investments\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=DA77316&sd=2021-08-17\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/main-street-announces-new-portfolio-investments\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/main-street-announces-new-portfolio-investments\\\/\",\"name\":\"Main Street Announces New Portfolio Investments - Market Newsdesk\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/main-street-announces-new-portfolio-investments\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/main-street-announces-new-portfolio-investments\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=DA77316&sd=2021-08-17\",\"datePublished\":\"2021-08-17T11:04:13+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/main-street-announces-new-portfolio-investments\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/main-street-announces-new-portfolio-investments\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/main-street-announces-new-portfolio-investments\\\/#primaryimage\",\"url\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=DA77316&sd=2021-08-17\",\"contentUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=DA77316&sd=2021-08-17\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/main-street-announces-new-portfolio-investments\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Main Street Announces New Portfolio Investments\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\",\"name\":\"Market Newsdesk\",\"description\":\"Latest Business News in Real Time\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\",\"name\":\"Newsdesk\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"caption\":\"Newsdesk\"},\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/author\\\/newsdesk\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Main Street Announces New Portfolio Investments - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/main-street-announces-new-portfolio-investments\/","og_locale":"en_US","og_type":"article","og_title":"Main Street Announces New Portfolio Investments - Market Newsdesk","og_description":"PR Newswire HOUSTON, Aug. 17, 2021 \/PRNewswire\/ —\u00a0Main Street Capital Corporation (NYSE: MAIN) (“Main Street”) is pleased to announce that it recently invested a cumulative total of $38.5 million across three investments, including two new portfolio investments and one follow-on investment to support the growth of an existing portfolio company. Main Street recently completed a new portfolio investment to complete the minority recapitalization of The Affiliati Network, LLC (“Affiliati”), a leading performance marketing agency in the United States that specializes in affiliate marketing and lead generation solutions for brands and advertisers. Affiliati bridges the gap between advertisers seeking customer leads and affiliates who deliver high quality customer traffic. Affiliati was founded in 2011 and is headquartered in Santa Barbara, California. … Continue reading \"Main Street Announces New Portfolio Investments\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/main-street-announces-new-portfolio-investments\/","og_site_name":"Market Newsdesk","article_published_time":"2021-08-17T11:04:13+00:00","og_image":[{"url":"https:\/\/c212.net\/c\/img\/favicon.png?sn=DA77316&sd=2021-08-17","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/main-street-announces-new-portfolio-investments\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/main-street-announces-new-portfolio-investments\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Main Street Announces New Portfolio Investments","datePublished":"2021-08-17T11:04:13+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/main-street-announces-new-portfolio-investments\/"},"wordCount":610,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/main-street-announces-new-portfolio-investments\/#primaryimage"},"thumbnailUrl":"https:\/\/c212.net\/c\/img\/favicon.png?sn=DA77316&sd=2021-08-17","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/main-street-announces-new-portfolio-investments\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/main-street-announces-new-portfolio-investments\/","name":"Main Street Announces New Portfolio Investments - Market Newsdesk","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/main-street-announces-new-portfolio-investments\/#primaryimage"},"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/main-street-announces-new-portfolio-investments\/#primaryimage"},"thumbnailUrl":"https:\/\/c212.net\/c\/img\/favicon.png?sn=DA77316&sd=2021-08-17","datePublished":"2021-08-17T11:04:13+00:00","author":{"@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"breadcrumb":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/main-street-announces-new-portfolio-investments\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.marketnewsdesk.com\/index.php\/main-street-announces-new-portfolio-investments\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/main-street-announces-new-portfolio-investments\/#primaryimage","url":"https:\/\/c212.net\/c\/img\/favicon.png?sn=DA77316&sd=2021-08-17","contentUrl":"https:\/\/c212.net\/c\/img\/favicon.png?sn=DA77316&sd=2021-08-17"},{"@type":"BreadcrumbList","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/main-street-announces-new-portfolio-investments\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.marketnewsdesk.com\/"},{"@type":"ListItem","position":2,"name":"Main Street Announces New Portfolio Investments"}]},{"@type":"WebSite","@id":"https:\/\/www.marketnewsdesk.com\/#website","url":"https:\/\/www.marketnewsdesk.com\/","name":"Market Newsdesk","description":"Latest Business News in Real Time","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.marketnewsdesk.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979","name":"Newsdesk","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","caption":"Newsdesk"},"url":"https:\/\/www.marketnewsdesk.com\/index.php\/author\/newsdesk\/"}]}},"_links":{"self":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/528751","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/comments?post=528751"}],"version-history":[{"count":0,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/528751\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/media?parent=528751"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/categories?post=528751"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/tags?post=528751"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}