Main Street Announces New Portfolio Investment

Rhea-AI Summary

Main Street Capital Corporation (NYSE: MAIN) has announced a new portfolio investment of $10.0 million to support the leveraged buyout of a leading third-party tax collection service provider. The investment includes a combination of first lien, senior secured debt and a direct minority equity investment.

The target company, founded in 2010 and based in the Southeastern U.S., specializes in delinquent tax collection services for local governments using proprietary data-driven processes. Main Street partnered with a sector-focused private investment firm, which will be the majority equity investor and owner. This private firm has previously collaborated with Main Street on several investments.

Positive

• None.

Negative

• Minority equity position limits control over investment
• Exposure to regulatory risks in tax collection sector

News Market Reaction

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+0.25% News Effect

On the day this news was published, MAIN gained 0.25%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Invests $10.0 Million in Leveraged Buyout of a Tax Collection Service Provider

HOUSTON, July 31, 2025 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that it recently completed a new portfolio investment totaling $10.0 million to help facilitate the leveraged buyout of a leading third-party tax collection service provider (the "Company"). Main Street partnered with a sector-focused private investment firm that Main Street has partnered with on several prior investments and which is now the majority equity investor and owner of the Company to facilitate the transaction. Main Street's investment of $10.0 million included a combination of first lien, senior secured debt and a direct minority equity investment.

Founded in 2010 and headquartered in the Southeastern U.S., the Company serves as a third-party delinquent tax collection service provider for a variety of different taxes. The Company serves its local government partners through proprietary data-driven processes in order to maximize collections, helping to fund public safety and other critical services while maintaining a high standard of public service.   

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

 

View original content:https://www.prnewswire.com/news-releases/main-street-announces-new-portfolio-investment-302518446.html

SOURCE Main Street Capital Corporation

FAQ

What is Main Street Capital's (NYSE: MAIN) new investment announced in July 2025?

Main Street Capital invested $10.0 million in a leveraged buyout of a third-party tax collection service provider, including first lien, senior secured debt and a direct minority equity investment.

Who is Main Street Capital (NYSE: MAIN) partnering with for this investment?

Main Street Capital is partnering with a sector-focused private investment firm that they have previously worked with on several investments. This firm will be the majority equity investor and owner.

What type of company did Main Street Capital (NYSE: MAIN) invest in?

The company is a third-party tax collection service provider founded in 2010, located in the Southeastern U.S., that serves local government partners through proprietary data-driven processes.

How is Main Street Capital's (NYSE: MAIN) $10.0 million investment structured?

The investment is structured as a combination of first lien, senior secured debt and a direct minority equity investment.