Main Street makes $12.2M follow-on investment in Iron-Main Investments

Main Street recently completed a follow-on investment in an existing portfolio company. Main Street and its co-investor made the follow-on investment in Iron-Main Investments, in continued partnership with the company’s other equity investors to support the company’s acquisition of a company that specializes in pre-employment background checks and ancillary related services primarily in the industrial and healthcare industries. Main Street’s follow-on investment consists of an additional $11.2M of first lien, senior secured term debt and a $1.0M equity investment. With its companies operating since 1984, Iron-Main provides pre-employment background checks and related services to employers in multiple industries throughout the U.S. This follow-on investment represents Main Street’s third follow-on investment in the company.