Main Street Announces New Portfolio Investment

Rhea-AI Summary

Main Street Capital (NYSE: MAIN) completed a $15.3 million portfolio investment to support a leveraged buyout of a healthcare data services provider on Feb. 5, 2026. The investment combined first lien, senior secured term debt and a direct minority equity stake.

Main Street partnered with Iron Creek Partners and the company’s existing owner. The target, founded in 1999 and based in the Southeastern U.S., provides provider data cleansing and matching services for third-party administrators and processes medical and dental claims using proprietary, data-driven workflows.

Invests $15.3 Million in Leveraged Buyout of a Healthcare Data Services Provider

HOUSTON, Feb. 5, 2026 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that it recently completed a new portfolio investment totaling $15.3 million to help facilitate the leveraged buyout of a leading healthcare data services provider (the "Company").  Main Street partnered with Iron Creek Partners, LLC, the majority equity investor in the transaction and a sector-focused private investment firm that Main Street has partnered with on several prior investments, and the Company's existing owner to facilitate the transaction. Main Street's investment of $15.3 million included a combination of first lien, senior secured term debt and a direct minority equity investment.

Founded in 1999 and headquartered in the Southeastern U.S., the Company serves as a healthcare data services provider that cleans and matches provider information for third-party administrators. The Company leverages proprietary data-driven workflows and historical provider information to process high volumes of medical and dental claims efficiently while maintaining a high standard of security and service quality.   

ABOUT MAIN STREET CAPITAL CORPORATION
Main Street (www.mainstcapital.com) is a principal investment firm that primarily provides customized long-term debt and equity capital solutions to lower middle market companies and debt capital to private companies owned by or in the process of being acquired by a private equity fund. 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 customized "one-stop" debt and equity financing solutions within its lower middle market investment strategy. Main Street seeks to partner with private equity fund sponsors and primarily invests in secured debt investments in its private loan investment strategy. Main Street's lower middle market portfolio companies generally have annual revenues between $10 million and $150 million. Main Street's private loan portfolio companies generally have annual revenues between $25 million and $500 million.

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, as amended.

Contacts:
Main Street Capital Corporation
Dwayne L. Hyzak, CEO, dhyzak@mainstcapital.com
Ryan R. Nelson, CFO, rnelson@mainstcapital.com                 
713-350-6000

Dennard Lascar Investor Relations
Ken Dennard | ken@dennardlascar.com  
Zach Vaughan | zvaughan@dennardlascar.com  
713-529-6600

 

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SOURCE Main Street Capital Corporation

FAQ

What did Main Street (MAIN) announce on February 5, 2026 regarding a new investment?

Main Street announced a $15.3 million portfolio investment to support a leveraged buyout. According to the company, the funding included first lien senior secured term debt and a direct minority equity stake alongside Iron Creek Partners.

How much did MAIN invest in the leveraged buyout and what was the structure of the deal?

MAIN invested $15.3 million, split between debt and equity. According to the company, the amount comprised first lien senior secured term debt plus a direct minority equity investment to facilitate the transaction.

Who partnered with Main Street on the February 5, 2026 portfolio investment (MAIN)?

Main Street partnered with Iron Creek Partners and the seller's existing owner on the transaction. According to the company, Iron Creek was the majority equity investor and a prior co-investment partner.

What type of company did MAIN invest in and what services does it provide?

MAIN invested in a healthcare data services provider that cleans and matches provider information. According to the company, the target serves third-party administrators and processes medical and dental claims using proprietary workflows.

Where is the portfolio company located and when was it founded, per MAIN's announcement?

The portfolio company is headquartered in the Southeastern U.S. and was founded in 1999. According to the company, it combines historical provider information and data-driven processes to handle high volumes of claims.