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Main Street Capital Corporation invests $49.3 million in the minority recapitalization of Moffitt Holdings, LLC. This investment aims to support Moffitt's growth in the bulk fuel and lubricant distribution industry.

Mar 25, 20259 months ago

Amount Raised

$49.3 Million

Houston

Investors

Main Street Capital Corporation

Description

Main Street Capital Corporation has completed a $49.3 million portfolio investment to facilitate the minority recapitalization of Moffitt Holdings, LLC. The investment includes a combination of first-lien, senior secured term debt and a direct equity investment. Moffitt is a leading provider of fuel and lubricant distribution solutions with a strong presence in the Texas market. The recapitalization will enhance Moffitt's operational capabilities and support its growth objectives.

Company Information

Company

Main Street Capital Corporation

Location

Houston, Texas, United States

About

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 CorporationDwayne L. Hyzak, CEO, dhyzak@mainstcapital.comJesse E. Morris, CFO & COO, jmorris@mainstcapital.com 713-350-6000 Dennard Lascar Investor RelationsKen Dennard | ken@dennardlascar.com Zach Vaughan | zvaughan@dennardlascar.com 713-529-6600 SOURCE Main Street Capital Corporation

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