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Main Street Capital Corporation (MAIN)

30.20 0.24(0.80%) Oct 20, 4:01PM EDT
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Main Street Capital Corporation
1300 Post Oak Boulevard
Suite 800
Houston, TX 77056
United States - Map
Phone: 713-350-6000
Fax: 713-350-6042

Index Membership:N/A
Industry:Diversified Investments
Full Time Employees:37

Business Summary 

Main Street Capital Corporation is a business development company specializing in long- term equity, equity related, and debt investments in small and lower middle market companies. The firm focuses on investments in warrants, PIK (Payment in Kind) interest, convertible securities, junior secured or unsecured, subordinated loans, private equity, venture debt, mezzanine investments, mature, mid venture, industry consolidation, later stage, late venture, emerging growth, management buyouts, ownership transitions, recapitalizations, strategic acquisitions, business expansion, growth financings, and other growth initiatives primarily for later stage businesses. It does not seek to invest in start-up companies or companies with speculative business plans. It seeks to invest in traditional or basic businesses. The firm primarily invests in companies based in the Southern, South Central, and Southwestern regions of the United States but also considers other domestic investment opportunities. It invests between $2 million and $15 million in companies with revenues between $5 million and $300 million, enterprise values between $3 million and $50 million, and EBITDA between $1 million and $20 million. The firm seeks to charge a fixed interest rate between 12 percent and 14 percent, payable in cash, in case of its mezzanine loan investments. The firm typically invests in the form of term debt with equity participation and/or direct equity investments. It prefers to maintain fully diluted equity positions in its portfolio companies of 5 percent to 50 percent, and may have controlling interests in some instances. The firm also co-invests with other investment firms. It seeks to exit its debt investments through the repayment of the investment from internally generated cash flow and/or refinancing within a period of three to seven years. Main Street Capital Corporation was founded in 1997 and is based at Houston, Texas.

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Corporate Governance 
Main Street Capital Corporation’s ISS Governance QuickScore as of Jul 1, 2014 is 1. The pillar scores are Audit: 1; Board: 3; Shareholder Rights: 2; Compensation: 1.
Brought to you by Institutional Shareholder Services (ISS)

Key Executives 
Mr. Vincent D. Foster J.D., 57
Chairman, Chief Exec. Officer, Pres, Member of Credit Committee and Member of Investment Committee
Mr. Dwayne Louis Hyzak CPA, 41
Chief Financial Officer, Sr. Managing Director, Treasurer and Member of Investment Committee
Mr. David L. Magdol , 43
Chief Investment Officer, Sr. Managing Director and Chairman of Investment Committee
Mr. Jason B. Beauvais J.D., 38
Chief Compliance Officer, Sr. VP, Gen. Counsel and Sec.
Mr. Curtis L. Hartman CPA, 41
Chief Credit Officer, Sr. Managing Director, Chairman of Credit Committee and Member of Investment Committee
Amounts are as of Dec 31, 2013 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc.Exercised is the value of options exercised during the fiscal year.
Currency in USD.
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