Main Street Announces New Portfolio Investment


HOUSTON, April 7, 2021 /PRNewswire/ — Main Street Capital Corporation (NYSE: MAIN) (“Main Street”) is pleased to announce that it recently completed a new portfolio investment to facilitate the minority recapitalization of Grand Flower Growers, LLC and its related entities (together, “GFG” or the “Company”), a leading grower and distributor of a variety of plants and premium flowers, including annuals, mums, poinsettias, perennials and various other floral arrangements in the midwestern United States. Main Street, along with its co-investor, partnered with the Company’s existing owners and senior management team to facilitate the transaction and provide growth capital, with Main Street funding $20.6 million in a combination of senior secured term debt and a minority direct equity investment.

Founded in 1999 and operating from three greenhouses with over 700,000 square feet in Wayland, Michigan, GFG propagates, plants and grows various types of flowers and plant types for Home Depot garden centers in and around the greater Chicago metropolitan area.