Image source: The Motley Fool. Main Street, along with its co-investor, partnered with the Company's existing owners and management team tofacilitatethetransaction,withMainStreet funding$22.0million in a combination of first-lien, senior secured term debt and a directminority equity investment. The work included restoring numerous skylights throughout the building, refinishing the solid woodwork and wrought iron railings, as well . Fourth Quarter 2022 Highlights Net investment income of $75.9 million (or $0.98 per share) This cookie is set by GDPR Cookie Consent plugin. ET. While Main Street's middle market debt investments are made in businesses that are generally larger in size. Mr. Magdol also serves as a member our management teams executive and investment committees. Main Street's portfolio investments are typically made to support management, and acquisitions of companies that operate in diverse industry sectors. Prior to McColl Partners, Mr. Griffin worked in the M&A and corporate finance divisions of Lazard Ltd, JPMorgan, and Bank of America in New York, Chicago, and Charlotte. He is also a Managing Director on our Lower Middle Market investment team where his responsibilities include managing a portfolio of Lower Middle Market investments where he is an active board member and assists those companies with various strategic initiatives, capital raises and M&A activity. Mr. Beauvais has served as General Counsel and Secretary since joining the firm in 2008, as Chief Compliance Officer since 2012 and as Executive Vice President since 2021. He has also been a director of Seitel, Inc., a privately owned provider of onshore seismic data to the oil and gas industry in North America, since August 2007. Maris Stella College Negombo will meet St. Servatius College Matara in the final of the Under 19 Inter Schools Division One Tier 'B' - 2 Day Cricket tournament at ACE Capital CC grounds Colombo today (10) and tomorrow (11). ABOUT MAIN STREET CAPITAL CORPORATION Main Street ( www.mainstcapital.com) is a principal investment firm that primarily provides long-term debt and equity capital to lower middle. Main Street's middle market debt investments are made in businesses that are generally larger in size than its lower middle market portfolio companies. Main Street Capital Corporation1300 Post Oak Blvd, 8th Floor, Houston, TX 77056 About. John Tucker is an Associate on our Lower Middle Market investment team and has been with the firm in various roles since 2021. He also serves as a member of our management team's executive and investment committees. Mr. Foster holds a Bachelor of Business Administration from Michigan State University and a J.D. Main Street Capital Corporation 3,816 followers 1y Report this post Report Report. "Main Street's investment helped elevate several parts of our company that we did not previously have the bandwidth to support. Our team manages all aspects of a deal including site selection, project budgeting, due diligence, engineering, architecture, construction, and leasing. 84.22% based on cash flow. We distinguish ourselves from other investment firms through our flexible capital and long-term outlook. Mr. Arreola began his career as a Brand Manager for Pepsico. Mr. Magdol joined Main Street in 2002, becoming one of the founding members of the firm. He is also responsible for originating and executing on new investments for the firm. Mr. Desai graduated magna cum laude from Texas A&Ms Mays Business School, receiving a Bachelor of Business Administration in Business Honors and Finance. For more information about Main Street, visit, Finance, Legal, Compliance and Accounting. He previously served as a director of CNX Midstream Partners, LP, formerly known as CONE Midstream Partners, LP (NYSE: CNXM, formerly CNNX), a master limited partnership that owns and operates natural gas gathering and other midstream energy assets in the Marcellus Shale in Pennsylvania and West Virginia, from January 2015 until its sale in September 2020, and was a member of its audit committee during that time. Prior to joining BMC, he was employed by Arthur Andersen as a certified public accountant. Following a successful career as a Senior Partner at Accenture, Bob left to pursue his architectural passions by developing historic preservation and sustainable building projects through his company, Sustainable Neighborhood Builders (SNBI). Mr. Morris also serves as the Executive Vice President, Chief Financial Officer and Chief Operating Officer of MSC Income Fund, Inc., a business development company that is managed by MSC Adviser I, LLC, our wholly owned portfolio company and a registered investment adviser. Main Street Xperience Mason City Federal Plaza. Matt Oesterling has served as an Associate since 2022 and hasbeen with Main Street in various roles since joining in 2019. These cookies track visitors across websites and collect information to provide customized ads. Main Street Capital, based in Houston, Texas, has helped over 200 private companies grow or transition by providing flexible private equity and debt capital solutions. Mr. Lund supports our investment team with the evaluation of new investment opportunities and assists with investment underwriting, due diligence, and documentation of new investments and the post-investment management of a portfolio of Lower Middle Market companies. in both Accounting and Finance from Trinity University. All Rights Reserved. The interview process was much more relaxed and conversational than other interviews. The cookie is used to store the user consent for the cookies in the category "Analytics". Mr. Foster has served as the Chairman of our Board of Directors since our IPO in 2007. Founded in 2018 and headquartered in San Diego, California, Infinity (www.infinityx1.com) designs, manufactures and distributes branded and private label portable lighting products. He previously served as a director of Basic Energy Services, Inc. (NYSE: BAS), a provider of well-site services in the United States to oil and natural gas drilling and producing companies, from December 2016 until December 2021, and was a member of the compensation committee and the chair of the audit committee of Basic Energy Services, Inc. We even received an introduction to a new customer. As a past Limited Market Dealer in securities, selling exempt market offerings, I continue to offer consulting services through my previously licensed company, Sentron Capital Group Inc.. Complimenting that service, I currently hold my mortgage license specializing in all forms of commercial mortgage financing through DLC Main Street Financial. RT=Real-Time, EOD=End of Day, Previously, he also served as Vice Chairman and Senior Managing Director and in other senior executive positions at Main Street. She joined Belo Corp. in 1993 and served in a variety of leadership positions during her tenure, including Chief Financial Officer. Fourth Quarter 2022 Highlights Net investment income of $75.9 million (or $0.98 per share) From 2008 to 2013, she served on the board of directors of Belo Corp. Mr. Solcher served as the Senior Vice President of Finance and Business Operations and Chief Financial Officer of BMC Software, Inc. (BMC), a privately held company that is a global leader in software solutions, from August 2005 until October 2020, and as executive advisor from October 2020 until October 2021. This cookie is set by GDPR Cookie Consent plugin. 70.68% based on next year's estimates. Main Street's portfolio . In providing the most value to note investors, we work compassionately with borrowers during the workout process; leading with a borrower-first mentality.We believe this holistic approach, whereby a borrowers entire financial situation is considered and where emphasis is placed on keeping borrowers in their homes, leads to higher valued assets, a less adversarial creditor/debtor relationship, and the peace of mind of helping to strengthen the economy one borrower at a time. Our desire is to . Previously, he also served as a director of U.S. Mr. Jackson previously served as the President and Chief Executive Officer of Spartan Energy Partners, which acquired the general partner of CSI Compressco in January 2021 before becoming a subsidiary of CSI Compressco through a restructuring transaction in November 2021. The Fund's lower middle market companies generally have annual revenues between $10 million and $150 million. Committed to creating value and building long-term relationships, Member of the Board and Chief Executive Officer. Mr. Morris is also responsible for originating and executing on new investments for the firm. What is Main Street Capital's dividend payout ratio? The groups past endeavors collectively focused on mixed-use community development projects in blighted areas, as well as luxury residential and upscale hotels in high barrier, urban/technology/resort markets. Team | Main Street Capital Team We are a small, yet highly experienced team that can make decisions quickly. Unlike traditional private equity firms or debt only funds, our flexible one-stop shop capital solutions allow us to provide all of the third-party equity and debt capital necessary to meet your needs. This cookie is set by GDPR Cookie Consent plugin. In addition, he serves as chair of the BDC Council Legal Committee of the Small Business Investor Alliance (SBIA). Main Street Announces First Quarter 2023 Private Loan Portfolio Activity. Mr. Dace supports our investment team with the evaluation of new investment opportunities and assists in investment underwriting, due diligence and documentation of new investments and the post-investment management of a portfolio of lower middle market companies. MSC Income Fund (the Fund) is a principal investment fund that provides debt and equity financing solutions primarily to private U.S. companies. Prior to our IPO in 2007, Mr. Magdol served as a Senior Managing Director and other executive positions of several Main Street predecessor funds and entities, which are now our subsidiaries. In providing the most value to note investors, we work compassionately with borrowers during the workout process; leading with a borrower-first mentality. President, Main Street Asset Solutions, Inc. Saprina is a nationally recognized expert in mortgage and trust deed investing. As an undergraduate, Mr. Kofnovec completed internships as a Summer Analyst with Main Street Capital in 2019 and as a Summer Analyst with Austin-based investment bank Focus Strategies in 2018. Carson Storie has served as an Associate since 2022 and hasbeen with Main Street in various roles since joining in 2020. Back . This page (NYSE:MAIN) was last updated on 4/16/2023 by MarketBeat.com Staff. Main Street ( www.mainstcapital.com) is a principal investment firm that primarily provides long-term debt and equity capital to lower middle market companies and debt capital to middle. 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. St. Servatius College Matara advanced to the quarter final as the group champion in the first round and Maris Stella College Negombo advanced to the quarter final as . When we issue a term sheet or letter of intent, there are no financing contingencies or uncertainties other than completing our diligence and legal documentation. Our executive leadership team has over 100 years of combined experience across a wide variety of industries. Miami (/ m a m i / my-AM-ee), officially the City of Miami, is a coastal metropolis and the seat of Miami-Dade County in South Florida.With a population of 442,241 as of the 2020 census, it is the second-most populous city in the state of Florida after Jacksonville.It is the core of the much larger Miami metropolitan area, which, with a population of 6.138 million, is the third-largest . Vincent Foster is our Executive Chairman and the Chairman of our Board of Directors. Mr. Jackson also served as Hanovers President and Chief Executive Officer from October 2004 to August 2007 and as Chief Financial Officer from January 2002 to October 2004. Main Street Capital Corporation (NYSE: MAIN) is a principal investment firm, based in Houston, Texas, that provides long-term debt and equity capital to lower middle market companies and debt. Use the CB Insights Platform to explore Main Street Capital's full profile. Mr. Foster also currently serves as a founding director of Quanta Services, Inc. (NYSE: PWR), which provides specialty contracting services to the power, natural gas and telecommunications industries, where he also serves on the audit committee and chairs its investment committee. She has over 18 years of collections and mortgage experience, and has worked debt portfolios for both national financial institutions and individual note investors. We are focused on attracting, developing and retaining talent for our investment teams and corporate staff by offering our team members the opportunity for professional . Bob is known nationally for his expertise and advocacy of various Federal, State, and local developer incentive tools and complex deal structures related to Historic Preservation Credits, Low-Income Census Tract Investment (NMTC, etc. MSC has financed properties throughout the Nation within a wide variety of programs and. Household goods manufacturer Tupperware Brands is one step . MaineHealth consists of nine local hospital systems, a comprehensive behavioral healthcare network, diagnostic services, home health agencies, and more than 1,500 employed and independent physicians working together through the MaineHealth Medical Group. Director at Main Street Capital Corporation Houston, Texas, United States 377 followers 374 connections Join to view profile Main Street Capital Corporation The University of Texas at. Saprina is a sought-after speaker and readily shares her knowledge and experience. Main Street Community Capital (MSCC) is owned by its founders, Robert Johnson, David Elias-Rachie, and Robert Furst. HOUSTON, February 23, 2023 - Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce its financial results for the fourth quarter and full year ended December 31, 2022. Our Team Our team has backgrounds in law, finance, operations, and accounting. ), and Opportunity Zone Investments. ABOUT MAIN STREET CAPITAL CORPORATIONMain Street (www.mainstcapital.com) is a principal investment firm that primarily provides long-term debt and equity capital to lower middle market companies and debt capital to middle market companies. Ryan joined Main Street in 2012 and is responsible for sourcing investment opportunities, overseeing due diligence, structuring and negotiating transactions, portfolio management, investor relations, risk management and compliance. Tyler, a licensed attorney, has a BA from UCLA and JD with distinction from University of the Pacific McGeorge School of Law. Previously, he also served as Vice Chairman and Senior Managing Director and in other senior executive positions at Main Street. Mr. Morris responsibilities include assisting in the management a portfolio of Lower Middle Market investments where he is an active board member and assists those companies with various strategic initiatives, capital raises and M&A activity. in Accounting with honors from The University of Texas at Austin. F: 713-350-6042, Dwayne L. Hyzak Chief Executive Officer T: 713-350-6013 dhyzak@mainstcapital.com, Jesse Morris Chief Financial Officer & Chief Operating Officer T: 713-350-9221 jmorris@mainstcapital.com. Main Street is based on people - creating lasting relationships between employees, clients, investors, and borrowers. He joined BMC in September 1991 as Assistant Treasurer and became Treasurer the following year. Grant Lund is a Senior Associate on our Lower Middle Market investment team and has been with the firm in various roles since 2018. Mr. Morris began his career as a certified public accountant and was an Experienced Manager with Arthur Andersen. Raj Desai has served as an Analyst since February 2022. Main Street Capital Corporation1300 Post Oak Blvd, 8th Floor, Houston, TX 77056 Many Wall Street firms provide mutual funds, ETFs, and brokerage services to Main Street investors. Market Data copyright 2023 QuoteMedia. All Rights Reserved. MAIN has a NAV of $25.39, and with its share price of $42.21, this seems like a large premium considering the rest. Before joining Main Street, Mr. Lund, a certified public accountant, worked for Ernst & Young as an Associate in their Assurance Group. Since October 30, 2020, the Fund has been externally managed by a wholly-owned subsidiary of Main Street Capital Corporation (Main Street), a publicly-traded BDC (NYSE: MAIN). Mr. Morris has management responsibility over the firms finance, treasury, technology and internal operations. This site is protected by hCaptcha and its. Dennis also worked as a Senior Consultant at Deloitte & Touche LLP in their Pittsburgh office. USD Add to Watchlist 39.31 +0.40 (1.03%) At close: Apr 6, 2023, 4:00 PM 39.22 -0.09 (-0.23%) After-hours: Apr 6, 2023, 7:59 PM EDT Overview Financials Statistics Forecast Dividends Profile Chart MAIN Dividend Information Prior to joining Main Street, Mr. Magdol was a Vice President in the investment banking group at Lazard Freres & Co. <br><br>As a responsible and reliable team player with diverse hands-on experiences, I am proud of my interpersonal communication, teamwork, leadership, critical thinking, and public speaking skills. Executive Vice President, Chief Financial Officer and Chief Operating Officer. He was a Vice President in the Mergers and Acquisition Advisory and Investment Banking Group at Lazard Freres & Co. LLC from 2000 to 2002 . I interviewed at Main Street Capital in Mar 2022. The rating actions have been taken as part of a broader review of business development companies (BDCs . Main Street's lower middle market companies generally have annual revenues between, https://www.prnewswire.com/news-releases/main-street-announces-new-portfolio-investment-301790432.html, Porn on Amazon's Kindle app prompts warnings from Apple, Alphabet, How election lies, libel law are key to Fox defamation suit, Dominion's defamation case against Fox poised for trial after delay, CEE MARKETS-Forint hits fresh 1-year peak, zloty not far behind, Timeline of key events leading up to Fox, Dominion defamation trial. Prior to our IPO in 2007, Mr. Foster previously acted as co-managing partner and in other senior executive positions of several Main Street predecessor funds and entities. In 2019 provides debt and equity financing solutions primarily to Private U.S. companies, Houston TX... 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