Provided By PR Newswire
Last update: Nov 28, 2023
Invests $24.7 Million in Compass Systems & Sales, LLC
HOUSTON, Nov. 28, 2023 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that it recently completed a new portfolio investment to facilitate the recapitalization of Compass Systems & Sales, LLC ("Compass" or the "Company"), a leading provider of end-to-end material handling systems employing innovative, custom-engineered solutions integrated with traditional conveyance systems. Main Street, along with its co-investor, partnered with the Company's existing owner and senior management team to facilitate the transaction, with Main Street funding $24.7 million in a combination of first lien, senior secured term debt and a direct equity investment.
Read more at prnewswire.com