Main Street Capital Corporation announced that it recently led a new portfolio investment to facilitate the leveraged buyout of Clad-Rex Steel, LLC ("Clad-Rex" or the "Company"), a leading specialty manufacturer of vinyl-clad metal used in a variety of industrial, commercial and consumer applications as an alternative to conventional pre-painted and powder-coated metals.  Main Street, along with a co-investor, partnered with the Company's management team to facilitate the transaction, which resulted in the buy-out of the Company's non-management equity owners, with Main Street funding $22.8 million in a combination of first-lien, senior secured term debt and direct equity investment. 

Headquartered in Franklin Park, Illinois, and founded in 1961, Clad-Rex (www.cladrex.com) is one of the preeminent manufacturers of vinyl-clad metal, which offers enhanced aesthetic appearance, greater design flexibility and durability, noise and vibration abatement, condensation and temperature insulation, and broader fabrication abilities.  The Company serves customers across a wide variety of industries throughout the United States, with many of these customer relationships spanning several decades.