Main Street Announces New Portfolio Investment
Summary
MetalForming is the exclusive distributor of sophisticated European sheet metal forming, cutting, bending, and coil handling machines to the North American market. In addition, Main Street and its co-investor also provided MetalForming with a revolving line of credit to support the Companys future growth initiatives and working capital needs.Founded in 1997 and headquartered in Peachtree City, Georgia, MetalForming is the exclusive North American provider of a wide array of high-quality sheet metal processing machines produced by European OEMs. Main Streets 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 "one stop" financing alternatives within its lower middle market investment strategy. Main Streets middle market debt investments are made in businesses that are generally larger in size than its lower middle market portfolio companies.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.