Main Street Capital Supports SAMBA Acquisition
Main Street Capital announced it has completed a follow on investment in an existing lower middle market portfolio company totaling $9.4 million in invested capital. Main Street’s investment consists of $9 million in first lien, senior secured debt and a $0.4 million equity investment.
Main Street’s follow on investment in SAMBASafety Holdings supported the company’s acquisition of American Driving Records (ADR) and funded additional working capital needs of the company.
ADR is a provider of motor vehicle records and related services to insurance agents and carriers, employers and employment screeners and fleet service providers.
Albuquerque, NM-based SAMBA is a provider of fleet compliance software and services to car and truck fleet owners, employment screeners, and automotive retailers.