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Main Street Announces Investment in HW Temps

July 09, 2015, 07:02 AM
Filed Under: Staffing Services

Main Street Capital Corporation recently led a new portfolio investment totaling $17.4 million of invested capital in HW Temps LLC, with Main Street funding $13.9 million of the investment. Main Street's investment in HW included a first-lien, senior secured term debt investment and a preferred equity investment. Main Street and its co-investor partnered to facilitate a recapitalization of the company and to support the company's growth initiatives. In addition, Main Street and its co-investor are providing HW an undrawn credit facility to support its future growth initiatives and working capital needs.

Headquartered in South Easton, MA and founded in 1980, HW provides temporary staffing and related services primarily to employers in the light industrial, manufacturing, and distribution industries. HW operates in 9 states through 14 branch offices and 10 on-site locations across the northeast and southern U.S.

Main Street is a principal investment firm that provides long-term debt and equity capital to lower middle-market companies and debt capital to middle market companies.

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