A Locke Lord team led by Greg Heath (Houston) represented Main Street Capital Corporation in a completed portfolio investment to facilitate the minority recapitalization of Superior Rigging & Erecting Co., a leading provider of rigging, steel erection and crane and equipment rental services throughout the southeastern United States. Main Street funded $26 million in a combination of first-lien, senior secured term debt and a direct equity investment. In addition, Main Street is providing Superior with access to additional term debt to facilitate its future growth needs. Additional assistance was provided by Jeannie Diep, Tammi Niven, Matt McKenna, Jason McCloskey, Sara Longtain, Ed Razim, Buddy Sanders and Michelle Gutierrez-Begin (all of Houston).
Posted on September 9, 2020