Main Street Capital announced it has completed a new portfolio investment totaling $15 million in invested capital.
Main Street’s investment in NRP Jones supported (i) the acquisition of the NRP Jones group of companies, including J Group and Screw Machine Products by Main Street and a group of private investors, and (ii) the company’s product expansion and corporate growth initiatives. Main Street’s investment consists of $12.1 million in first lien secured debt and a $2.9 million direct equity investment.
NRP Jones is headquartered in La Porte, IN, with additional operations in Nephi, Utah, and Houston, Texas. NRP Jones manufactures hydraulic, industrial, and oilfield hoses, fittings and assemblies for both original equipment manufacturers and for hose and fitting distributors.