Main Street completed a follow-on investment in an existing portfolio company. Main Street, along with its co-investor, made the follow-on investment in Gamber-Johnson to support the company’s acquisition of Lind Electronic Design. Founded in 1954 and headquartered in Minnetonka, Minnesota, Lind is a manufacturer and supplier of rugged mobile power solutions to the public safety, U.S. Military and warehousing industries. Lind’s product offering includes rugged mobile power adapters, battery chargers, USB adapters, shutdown timers and cabling. Main Street, along with its co-investor, facilitated the transaction, with Main Street’s follow-on investment consisting of an additional $40.0M first lien, senior secured term debt investment. This follow-on investment represents Main Street’s fifth follow-on investment in the company after initially partnering with the company’s management team to acquire the company in June 2016.
Published first on TheFly
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