Main Street completes a follow-on investment in GMI

Main Street Capital Corporation (Main Street) recently concluded a follow-on investment in Gulf Manufacturing, LLC (GMI) aimed at facilitating the Company’s acquisition of Maass Global Group (Maass). This follow-on investment from Main Street encompasses a USD 40.0 million first lien, senior secured term debt investment. Additionally, Main Street extended a revolving line of credit to GMI to bolster the Company’s future growth endeavors and address its working capital requirements. Consequently, Gulf Manufacturing Holdings, LLC, was established to assume ownership of both GMI and Maass.

GMI specializes in the manufacture and supply of fittings, flanges, and specialized products tailored for the oil and gas sector. Serving clientele across the United States, GMI has been a recipient of Main Street’s investment since 2007. Following the transaction, the amalgamated entity will operate on a global scale, with manufacturing and distribution facilities spanning across the United States, Europe, and Asia.

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