Invests $41.4 Million in Connect Telecommunications Solutions Inc.
HOUSTON, Oct. 16, 2024 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that it recently completed a new portfolio investment totaling $41.4 million to facilitate the minority recapitalization of Connect Telecommunications Solutions Inc. ("Connect" or the "Company"), a leading value-added distributor of fiber management solutions to the Canadian telecommunications industry. Main Street, along with its co-investor, partnered with the Company's founders to facilitate the transaction, with Main Street's investment including a combination of first-lien, senior secured term debt and a direct equity investment.
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