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Main Street makes portfolio investment in Garreco

Main Street Capital has closed a new portfolio investment totalling USD7m of invested capital in Garreco.

 
Main Street’s investment in Garreco consists of USD5.8m in first lien, senior secured term debt and a USD1.2m direct equity investment.
 
Garreco is headquartered in Heber Springs, Arkansas and is a manufacturer and supplier of consumable products used to create dentures, crowns, and bridges in dental laboratories and clinics. Garreco, founded in 1988, is one of the country’s largest manufacturers of specialised gypsum products used to create the plaster models and casts necessary to customise dentures, crowns, and bridges for a patient’s mouth.
 
Main Street partnered with Riker Capital, a private equity firm based in Chicago, and Garreco’s founders to facilitate the recapitalisation.
 

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