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Main Street Announces T-Rex Investment

January 03, 2013, 07:52 AM

Main Street Capital Corporation recently closed a new portfolio investment totaling $8.9 million of invested capital in Hydro Ex Acquisition, the parent company of Texas ReExcavation, LC (T-Rex). Main Street's investment consists of $6.0 million in second lien, secured term debt and a $2.9 million direct equity investment.

Founded in 2001, T-Rex is headquartered in Houston and has three additional offices throughout Texas including Dallas, Odessa, and San Antonio. The company provides hydro excavation and vacuum excavation services for a variety of industry sectors, including the petrochemical, pipeline, municipal, utilities, construction, oil & gas, engineering, transportation, telecommunication, and environmental industries.


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