Main Street Announces New Portfolio Investment

Source: www.gulfoilandgas.com 10/8/2024, Location: North America

Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that it recently completed a new portfolio investment totaling $74.4 million to facilitate a majority recapitalization of Victory Energy Operations ("Victory" or the "Company"), a leading designer and manufacturer of industrial and commercial combustion, heat-transfer and steam production solutions for a diverse group of industries. Main Street, along with its co-investor, partnered with Victory's founder and management team to facilitate the majority recapitalization and to buyout an institutional investor. Main Street's investment in the Company included a combination of first-lien, senior secured term debt and a direct equity investment.

Founded in 1999 and headquartered in Collinsville, Oklahoma, Victory is a vertically integrated manufacturer of a wide product solutions portfolio, ranging from engineered firetube and watertube boilers and burners to heat recovery steam generators and high temperature hot water heaters. As part of the Company's customer commitment, Victory provides extensive aftermarket customer support services, including installation, commissioning and maintenance services, spare parts, burner and economizer retrofits and boiler fleet rental solutions. Victory equipment operates worldwide across a diverse and extensive group of industry sectors, including chemical, pulp & paper, food & beverage, bio-renewables, agriculture, education, healthcare, aviation and utility industries.


Japan >>  11/1/2024 - Nissan Motor Co., Ltd. announces that it has completed the investment in Kasai Kogyo Co., Ltd. (“Kasai Kogyo”) announced on May 9, and has acquired ne...
United States >>  11/1/2024 - Today, the State of Michigan was joined by representatives from the national green and clean energy financing community to launch the Michigan Climate...

United States >>  10/31/2024 - WhiteWater has reached a final investment decision to move forward with the construction of the Pelican Pipeline after having secured sufficient firm ...
United States >>  10/31/2024 - Eos Energy Enterprises, Inc. ("Eos" or the “Company”), a leading provider of safe, scalable, efficient, and sustainable zinc-based long duration energ...

United States >>  10/31/2024 - Green Bridge Energy, Archetype Energy and Climate Commodities have announced a strategic framework agreement to provide $500 million in programmatic f...
United States >>  10/31/2024 - Ameren Missouri, a subsidiary of Ameren Corporation received approval Wednesday from the Missouri Public Service Commission to build an 800-megawatt (...




Gulf Oil and Gas
Copyright © 2023 ICT All rights reserved. - Terms of Service - Privacy Policy.