Main Street Capital Corporation announced on March 25, 2025, a new portfolio investment totaling $49.3 million. This investment facilitated the minority recapitalization of Moffitt Holdings, LLC, a leading bulk fuel and lubricant distribution solutions provider.
Main Street partnered with Moffitt's founders and management team to complete the recapitalization. Moffitt, founded in 2014 and headquartered in Cypress, Texas, serves diverse industries with fuel and lubricant distribution, and also offers rental assets for disaster response.
Main Street's investment included a combination of first-lien, senior secured term debt and a direct equity investment. This strategic addition expands Main Street's portfolio in the energy services and logistics sector.
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