10:18 AM EDT, 03/19/2024 (MT Newswires) -- Main Street Capital ( MAIN ) said Tuesday it completed a $40 million senior secured term debt follow-on investment in Gulf Manufacturing.

The investment is expected to support Gulf Manufacturing's acquisition of Maass Global Group, Main Street said, adding that a new parent holding company called Gulf Manufacturing Holdings was created to own Maass and Gulf Manufacturing.

Main Street also provided Gulf Manufacturing with a revolving credit line to fund its future growth initiatives and working capital, the company added.

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