Daily News: February 11, 2015

Main Street Invests $6.4MM in Aviation Business

Main Street Capital announced it participated in a new portfolio investment totaling $24.0 million of invested capital in Berry Aviation, with Main Street funding $6.4 million of the investment.

Main Street’s portion of the investment in Berry included $6.0 million of secured subordinated term debt and a $0.4 million equity investment for a minority equity ownership position in the company. Main Street and its co-investors partnered to facilitate a minority recapitalization of the company and to support the company’s growth initiatives.

San Marcos, TX-based Berry is an aviation business that provides air carrier and concierge services to both private sector and public clients.