Main Street Capital Corporation (“Main Street”) is pleased to announce the recent completion of a new portfolio investment aimed at facilitating the recapitalization of a leading multi-location urgent and general care dental service organization situated in the Midwestern U.S. region (the “company”). Main Street, in collaboration with its co-investor, partnered with the company’s founder and a private investment group to facilitate the transaction. Main Street provided funding of $12.8 million through a combination of first lien, senior secured term debt, and a direct equity investment.
Established in 2015, the company operates multiple dental offices across mid-sized metropolitan areas and cities in the Midwestern U.S., with a primary focus on offering same-day or next-day care. The company’s patient-centric model, coupled with its dedicated team of dentists and staff, underscores its commitment to delivering the highest quality of care to the company’s growing patient base.
About Main Street Capital Corporation
Main Street (www.mainstcapital.com) is a principal investment firm primarily offering long-term debt and equity capital to lower middle-market companies, along with debt capital to middle-market companies. Main Street’s portfolio investments typically support management buyouts, recapitalizations, growth financings, refinancings, and acquisitions of companies operating in diverse industry sectors. Main Street aims to collaborate with entrepreneurs, business owners, and management teams, providing comprehensive financing solutions within its lower middle-market investment strategy. Main Street’s lower middle-market companies generally boast annual revenues between $10 million and $150 million.
Additionally, Main Street, through its wholly owned portfolio company MSC Adviser I, LLC (“MSC Adviser”), manages investments for external parties and is registered as an investment adviser under the Investment Advisers Act of 1940, as amended.
FEATURED IMAGE CREDIT: Mohamed Hassan from Pixabay.
