COSTA MESA, Calif., March 12, 2008 (PRIME NEWSWIRE) -- NAPCO Precast, Ltd. and North American Precast Company, LP, (collectively "NAPCO"), was recapitalized by Main Street Capital Partners (Nasdaq:MAIN). Transaction terms were not disclosed.
RSM EquiCo Capital Markets initiated the transaction, sourced the investor, led the negotiations and acted as exclusive financial advisor to NAPCO.
"With the owner and shareholders looking to transfer equity ownership to key management, Main Street Capital emerged as the preferred investor because of the firm's one-stop-shop financing profile. They were able to successfully structure a deal that gave management a meaningful portion of the business going forward," said David Burke, senior vice president, RSM EquiCo Capital Markets.
A team of RSM EquiCo Capital Markets professionals contributed to the successful close of this transaction. John Dorey, senior managing director and David Burke, led the deal team.
About RSM EquiCo Capital Markets
RSM EquiCo Capital Markets LLC (www.rsmequico.com) is a global provider of investment banking services to private and public companies with annual revenues of up to $1 billion. The firm's services include mergers, acquisitions, divestitures, recapitalizations, capital raising and fairness opinions. RSM EquiCo Capital Markets, which offers in-depth expertise in 12 distinct industry sectors, brings together companies, capital and creativity on a national and international scale to help clients achieve their personal and strategic objectives.
RSM EquiCo Capital Markets is affiliated with RSM McGladrey Inc., one of the nation's largest providers of business and tax consulting, wealth management, retirement resources and payroll services to midsized companies. The firm's international headquarters are located in Costa Mesa, Calif. It also has offices in Chicago, Boston, New York and London.
RSM EquiCo Capital Markets is licensed by the SEC and all state securities authorities, and is a member of FINRA and SIPC.
About NAPCO Precast, Ltd. and North American Precast Company, LP
Founded in 1994 in San Antonio, NAPCO (www.napcosa.com) specializes in the manufacture of precast/prestressed concrete products on a contract basis. The company designs, manufactures and installs precast and prestressed concrete products and caters to commercial, industrial, institutional and high density multi-family segments of the construction industry. NAPCO also provides transportation and erection services for most of its manufactured products.
About Main Street Capital Partners
Based in Houston, Main Street Capital (www.mainstcapital.com) operates as a specialty investment company providing customized financing solutions to lower middle-market companies that operate in diverse industry sectors and have annual revenues ranging from $10 to $100 million. The firm seeks to partner with entrepreneurs, business owners and management teams and typically provides "one stop" financing alternatives to these business partners and their portfolio companies.