Locke Lord Team Represents Main Street Capital Corporation in $40 Million Investment in Gulf Manufacturing

A Locke Lord team led by Greg Heath (Houston) and Nick Jennings (London) represented Main Street Capital Corporation in its $40 million first lien, senior secured term debt, follow-on investment in an existing portfolio company, Gulf Manufacturing (GMI). The investment supports GMI’s acquisition of Maass Global Group, a global leader in the manufacture and distribution of flanges and specialty forged products, forged bar, seamless pipe and fittings in duplex, stainless steel and high nickel alloys. Main Street also provided GMI with a revolving line of credit to support its future growth initiatives and working capital needs. For more information, see the press release. The U.K. aspects of the acquisition were handled by Locke Lord’s London team of Jake Chagoury, Kirsty Harrower, Nick Elwell-Sutton and Charlotte Whitley-Roberts. Additional assistance was provided by Ryan DiSantis, Margaret Brown, Jessica GedallovichMason Marek, Andrew Truong (all of Boston), Ben Henry, Peter Wynacht (both of Chicago), Laura L. Ferguson, Sara Longtain, Jeff McPhaul, Ed Razim, Buddy Sanders, Chris Verducci, Jeannie Diep, Mechelle Smith, Marshall Moorhouse, Jeremy Petersen, Case Towslee (all of Houston), Barry Bendes, Jason Ulezalka, Ryan Last (all of New York) and Jaremi Chilton (San Francisco).
Posted on March 27, 2024