Invests $19.5 Million in Three Present Portfolio Corporations

HOUSTON, July 12, 2022 /PRNewswire/ — Predominant Avenue Capital Company (NYSE: MAIN) (“Predominant Avenue”) is happy to announce that it lately invested a complete of $19.5 million in three current decrease center market portfolio firms, PPL RVs, Inc. (“PPL”), Centre Applied sciences Holdings, LLC (“Centre”) and Nebraska Vet AcquireCo, LLC, dba Heritage Vet Companions, P.C. (“Heritage”).

Predominant Avenue’s follow-on funding in PPL was made to help the acquisition of 4 Pages, LLC, dba RV Swap Store, which supplies PPL operations in Central Florida, and to help the corporate’s continued progress initiatives. Based in 1972, PPL is a supplier of used RVs, elements, service and third-party financing from its three Texas dealerships situated in Houston, New Braunfels and Cleburne, and its latest location in Summerfield, Florida. The corporate is the biggest consignment RV supplier in the US and sells RVs on each a consigned and company-owned foundation. Predominant Avenue initially invested in PPL in June 2010 to help a recapitalization of the corporate and to offer progress capital. The follow-on funding consisted of an extra first lien, senior secured time period mortgage of $8.zero million.

Predominant Avenue’s follow-on funding in Centre, along with investments by Centre’s founder and CEO, supported the acquisitions of Industrial IT Options, Inc. and Texas Techniques Group, Inc., two Texas-based suppliers of IT managed companies as a part of Centre’s ongoing acquisition progress technique. Headquartered in Houston, Texas, and based in 2006, Centre has established itself as a mission essential IT options supplier providing a full suite of options together with managed & hosted companies, value-added sourcing and integration and venture companies. Predominant Avenue, together with its co-investors, initially invested in Centre in January 2019 in partnership with Centre’s founder and CEO and administration staff to facilitate a minority recapitalization of the corporate. The follow-on funding consisted of $6.three million in a mix of a primary lien, senior secured time period mortgage and a direct fairness funding.

Predominant Avenue additionally lately accomplished two follow-on investments in Heritage to help the acquisitions of United Veterinary Service S.C. and Animal Clinic of Monett, Inc., two mixed-animal practices that present veterinary companies and merchandise, as a part of Heritage’s ongoing acquisition progress technique. Based in 1985 and headquartered in West Level, Nebraska, Heritage is a number one supplier of mixed-animal and large-animal veterinary companies and merchandise to livestock producers and companion animal house owners all through the US. Predominant Avenue initially invested in Heritage in December 2020 in partnership with Heritage’s current house owners and senior administration staff to facilitate a minority recapitalization of the corporate and supply progress capital to assist facilitate the corporate’s acquisition progress technique within the mixed-animal veterinary area. Since Predominant Avenue’s preliminary funding in Heritage, the corporate has now accomplished 4 acquisitions. The follow-on investments consisted of extra first lien, senior secured time period loans totaling $5.2 million.

ABOUT MAIN STREET CAPITAL CORPORATION

Predominant Avenue (www.mainstcapital.com) is a principal funding agency that primarily supplies long-term debt and fairness capital to decrease center market firms and debt capital to center market firms. Predominant Avenue’s portfolio investments are sometimes made to help administration buyouts, recapitalizations, progress financings, refinancings and acquisitions of firms that function in numerous business sectors. Predominant Avenue seeks to associate with entrepreneurs, enterprise house owners and administration groups and customarily supplies “one cease” financing options inside its decrease center market funding technique. Predominant Avenue’s decrease center market firms usually have annual revenues between $10 million and $150 million. Predominant Avenue’s center market debt investments are made in companies which can be usually bigger in dimension than its decrease center market portfolio firms.

Predominant Avenue, via its wholly owned portfolio firm MSC Adviser I, LLC (“MSC Adviser”), additionally maintains an asset administration enterprise via which it manages investments for exterior events.  MSC Adviser is registered as an funding adviser below the Funding Advisers Act of 1940.

Contacts:
Predominant Avenue Capital Company
Dwayne L. Hyzak, CEO, [email protected]
Jesse E. Morris, CFO & COO, [email protected]                 
713-350-6000

Dennard Lascar Investor Relations
Ken Dennard | [email protected] 
Zach Vaughan | [email protected] 
713-529-6600

SOURCE Predominant Avenue Capital Company