Main Street Announces New Portfolio Investment in Garreco
Main Street Capital announced that it closed a new portfolio investment totaling $7 million of invested capital in Garreco.
Main Street’s investment in Garreco consists of $5.8 million in first lien, senior secured term debt and a $1.2 million direct equity investment.
Garreco, headquartered in Heber Springs, AR, is a manufacturer and supplier of consumable products used to create dentures, crowns and bridges in dental laboratories and clinics. Garreco is one of the country’s largest manufacturers of specialized gypsum products used to create the plaster models and casts necessary to customize dentures, crowns and bridges.
Main Street partnered with Riker Capital, a private equity firm based in Chicago, and Garreco’s founders to facilitate the recapitalization.