The Funds investment strategy is to make debt investments in middle market companies and debt and equity investments in lower middle market companies. Bob Johnson brings over 20 years of commercial real estate experience to MSCC. F: 713-350-6042, Dwayne L. Hyzak Chief Executive Officer T: 713-350-6013 dhyzak@mainstcapital.com, Jesse Morris Chief Financial Officer & Chief Operating Officer T: 713-350-9221 jmorris@mainstcapital.com. Compass Precision, LLC. Prior to BKD, Mr. Fritz was an Associate at Ernst & Young in their Assurance group. Prior to joining Main Street, Ryan was a partner at the international law firm of Morgan, Lewis & Bockius LLP, where he represented private equity funds and their portfolio companies. MSC Income Fund (the Fund) is a principal investment fund that provides debt and equity financing solutions primarily to private U.S. companies. Regardless of our equity ownership, we aim to structure financial partnerships that align our interests with the business, allowing management and the existing owners to maintain significant operational and strategic control. He is also a Managing Director on our Lower Middle Market investment team where his responsibilities include managing a portfolio of Lower Middle Market investments where he is an active board member and assists those companies with various strategic initiatives, capital raises and M&A activity. Matt Fritz is an Analyst on Main Streets Lower Middle Market team and has been with the firm in various roles since 2021. A serial entrepreneur who grew up in small-town Minnesota, David is the co-founder of Adestinn, an innovative Vacation Savings Account program enabling hotels to turn unsold room inventory into booking commission dollars. Matt Oesterling has served as an Associate since 2022 and hasbeen with Main Street in various roles since joining in 2019. MaineHealth consists of nine local hospital systems, a comprehensive behavioral healthcare network, diagnostic services, home health agencies, and more than 1,500 employed and independent physicians working together through the MaineHealth Medical Group. Fitch Ratings - New York - 03 Apr 2023: Fitch Ratings has affirmed Main Street Capital Corporation's Long-Term Issuer Default Rating (IDR), secured debt rating and unsecured debt at 'BBB-'. Company-wide: Mr. Tucker received a Masters in Professional Accounting degree from the University of Texas at Austin, and a B.S. University of Pittsburgh Katz School of Business - M.S. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". Previously, he also served as Vice Chairman and Senior Managing Director and in other senior executive positions at Main Street. This page (NYSE:MAIN) was last updated on 4/16/2023 by MarketBeat.com Staff. Fourth Quarter 2022 Highlights Net investment income of $75.9 million (or $0.98 per share) MAIN earnings call for the period ending December 31, 2022. Prior to joining Main Street, Mr. Magdol was a Vice President in the investment banking group at Lazard Freres & Co. For more information about Main Street, visit, Finance, Legal, Compliance and Accounting. Team | Main Street Capital Team We are a small, yet highly experienced team that can make decisions quickly. Prior to this, Mr. Magdol was employed in various areas of investment banking, private equity and commercial banking over the prior 14 years. Main Street Capital Corporation1300 Post Oak Blvd, 8th Floor, Houston, TX 77056 What is Main Street Capital's dividend payout ratio? PD=Previous Day. Since October 30, 2020, the Fund has been externally managed by a wholly-owned subsidiary of Main Street Capital Corporation (Main Street), a publicly-traded BDC (NYSE: MAIN). Main Street Community Capital (MSCC) is owned by its founders, Robert Johnson, David Elias-Rachie, and Robert Furst. Main Street, through its wholly owned portfolio company MSC Adviser I, LLC ("MSC Adviser"), also maintains an asset management business through which it manages investments for external parties. Prior to our IPO in 2007, Mr. Magdol served as a Senior Managing Director and other executive positions of several Main Street predecessor funds and entities, which are now our subsidiaries. 11% of Main Street Capital's management is Black or African American. Main Street is based on people creating lasting relationships between employees, clients, investors, and borrowers. Aug 05, 2022, 10:00 a.m. Mr. Morris also serves as the Executive Vice President, Chief Financial Officer and Chief Operating Officer of MSC Income Fund, Inc., a business development company that is managed by MSC Adviser I, LLC, our wholly owned portfolio company and a registered investment adviser. The Rating Outlook on the Long-Term IDR is Stable. Mr. Foster received the Ernst & Young Entrepreneur of the Year 2008 Award in the financial services category in the Houston & Gulf Coast Area. Christopher J. Kuselias is a CEO, entrepreneur, speaker, media personality and published author whose contributions have been profiled on CBS, ABC, NBC, Fox, CNN, NPR, ESPN and the BBC. He is also responsible for originating and executing on new investments for the firm. Image source: The Motley Fool. You also have the option to opt-out of these cookies. From 2009 to 2015, she served on the board of directors of the Associated Press, where she served as chair of the audit committee from 2011 to 2015. ", "Main Street provided liquidity to achieve my estate planning goals, while allowing me to retain operational control and the right to regain majority equity ownership. Prior to joining Quanta, Mr. Morris served in various financial and accounting positions of increasing responsibility with Sysco Corporation (NYSE:SYY) including as Vice President and Chief Financial Officer Foodservice Operations and Vice President of Finance and Chief Financial Officer Broadline Operations. ABOUT MAIN STREET CAPITAL CORPORATIONMain Street (www.mainstcapital.com) is a principal investment firm that primarily provides long-term debt and equity capital to lower middle market companies and debt capital to middle market companies. Copyright 2023. Tyler, a licensed attorney, has a BA from UCLA and JD with distinction from University of the Pacific McGeorge School of Law. Assuming those notes were refinanced with secured borrowings, the unsecured funding . Through our two business segments, we offer entrepreneurs, business owners, management teams and financial sponsors a number of advantages to help each business realize its full potential and generate wealth for its owners. Prior to October 30, 2020, Main Street served as the Funds sub-adviser. She joined Belo Corp. in 1993 and served in a variety of leadership positions during her tenure, including Chief Financial Officer. By providing both debt and equity capital, we help entrepreneurs, business owners and management teams accomplish their goalswhether their goals are to achieve liquidity, to diversify their personal wealth, facilitate management buyouts and/or pursue growth and acquisition financing. degree from Wayne State University Law School. Back . Mr. Vallejo was a Summer Analyst with Main Street in 2018. In this position, he oversaw the accounting, treasury, tax and financial planning and analysis activities and led Quantas public-private partnership (P3) concession and private infrastructure investment activities. RT=Real-Time, EOD=End of Day, Mr. Tucker supports our investment team with the evaluation of new investment opportunities and assists with investment underwriting, due diligence and documentation of new investments and the post-investment management of a portfolio of Lower Middle Market companies.Prior to joining Main Street, Mr. Tucker, a certified public accountant, worked as a consultant in the Corporate Finance & Restructuring group at FTI Consulting in Houston. This site is protected by hCaptcha and its, Not restricted by traditional institutional private equity fund requirements or investment timelines for exit, Management teams stay in control of day-to-day operations, Significant alignment of interests with our equity co-investment, Main Street provides financial and strategic oversight, All investment approvals maintained by Main Street. All Rights Reserved. Website https://mainstreetcapre.com/. Main Street Capital Corporation1300 Post Oak Blvd, 8th Floor, Houston, TX 77056 He is founding partner of Happe Reid, PC, Attorneys at Law located in Fair Oaks, California. MBL is a leading investment banking firm focused on providing financial advisory, capital raising and investment management services for private individuals, institutions, governments and government agencies. Main Street Capital Corporation is a specialty investment company providing customized financing solutions to lower middle market companies which operate in diverse industry sectors. He also serves on the board of several non-profit organizations. Mr. Arreola is also responsible for managing a portfolio of Lower Middle Market investments and assists those companies with various strategic initiatives, capital raises and M&A activity. Mr. Jackson also served as Hanovers President and Chief Executive Officer from October 2004 to August 2007 and as Chief Financial Officer from January 2002 to October 2004. Main Street is an investment firm that provides a unique alternative to traditional private equity firms. All Rights Reserved. The Fund's middle market debt investments are made in businesses that are generally larger in size than its lower middle market portfolio companies. Mr. Happe is involved in all contract negotiations as well as the companys syndication efforts, SEC compliance issues, fair debt collection practices and commercial acquisitions and divestures. He was promoted to the role of President in November 2018 and has served as Chief Investment Officer since 2011. Main Street ( www.mainstcapital.com) is a principal investment firm that primarily provides long-term debt and equity capital to lower middle market companies and debt capital to middle. Mr. Arreola holds a BS in Industrial and Systems Engineering from the Instituto Tecnologico de Estudios Superiores de Monterrey (ITESM) in Monterrey, Mexico and an MBA from the Harvard Business School. Prior to joining Main Street, Mr. Oesterling, a certified public accountant, worked for Ernst & Young as an Associate in their Assurance group. This cookie is set by GDPR Cookie Consent plugin. Main Street Capital Corp is an investment firm engaged in providing customized debt and equity financing to lower middle market companies and debt capital to middle market . Main Street Capital ( MAIN -0.13%) Q4 2022 Earnings Call. Mr. Oesterling received a Masters in Professional Accounting degree and a B.B.A. The firm deals mostly with lower middle market companies with annual revenue of $10 million to $150 million and $3 million to $20 million in EBITDA. Main Street Capital NII of $1.03 beats by $0.15, Total investment income of $113.88M beats by $6.57M. Current ownership purchased Advanced Machining & Tooling, Quality Products & Machine, and Tri-Tec Industries in October 2019 and formed Compass Precision, LLC as the parent company. QuoteMedia. https://www.mainstcapital.com. Main Street Capital is a leading investment firm that provides simplified, one-stop shop capital solutions to lower middle market companies. He has more than a dozen years of experience in mergers and acquisitions. He was recognized by Institutional Investor magazine as part of the All American Executive Team in 2010 and 2012 and by Houston Business Journal as 2012 Best CFOLarge Public Company. The cookies is used to store the user consent for the cookies in the category "Necessary". The Fund has elected to be regulated as a business development company (BDC). Main Street Xperience Mason City Federal Plaza. Our two partners will be involved with each investment at every step in the process. In addition to its monthly dividend, MAIN has paid $4.29 in supplemental dividends, with 2 planned so far in 2022. He served as a director of Hanover Compressor Company (Hanover), now known as Exterran Corporation (NYSE: EXTN) and Archrock, Inc. (NYSE: AROC), from July 2004 until May 2010. Renovation work at East High School was completed in December 2008. in Physics Application. This cookie is set by GDPR Cookie Consent plugin. Mr. Morris has management responsibility over the firms finance, treasury, technology and internal operations. Prior to joining Main Street, Ms. Seatter worked for Ernst & Young as a Senior in their Assurance group. Main Street is a medium-sized BDC with $3.5 billion in assets under management ($2.4 billion of its own capital and $1.1 billion that Main Street manages as a third-party asset manager). MSC has financed properties throughout the Nation within a wide variety of programs and. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. From origination, to management, and through the realization of the investment. Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features. delay times for all exchanges). Mr. Magdol joined Main Street in 2002, becoming one of the founding members of the firm. David brings over 20 years of hospitality experience to MSCC, including extensive hospitality real estate financing, deal structuring, and acquisition. Mr. Arreola joined Main Street in 2023. Copyright 2023. While at FTI, John spent time on public restructurings, valuations, and due-diligence related engagements. Clayton Reese has experienced a distinguished 27-year career in all aspects of Nationwide Commercial Real Estate Finance including; acquisitions of performing and non-performing loan portfolios . It was very behavioral and they talked a lot about who they are, what they do, and what you will be doing as an intern. Interview. SBIA is the trade association for BDCs and small business investment companies (SBICs). From the investment perspective, despite the conflicts discussed above, Main Street and Wall Street are highly mutually dependent. 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