Main Street Capital (MAIN) Announces Follow-On Investment

Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that it recently completed a follow-on investment in an existing portfolio company. Main Street made the investment in Gulf Manufacturing, LLC ("GMI" or the "Company") to support the Company's acquisition of Maass Global Group ("Maass"), a global leader in the manufacture and distribution of flanges and specialty forged products, forged bar, seamless pipe, and fittings in duplex, stainless steel, and high nickel alloys. Main Street's follow-on investment consists of a $40.0 million first lien, senior secured term debt investment. Main Street also provided GMI with a revolving line of credit to support the Company's future growth initiatives and working capital needs. As a result of the acquisition, a new parent holding company, Gulf Manufacturing Holdings, LLC, was formed to own GMI and Maass.

Founded in 1984 and located in Humble, Texas, GMI is a manufacturer and supplier of fittings, flanges, and specialty products for the oil and gas industry. With existing manufacturing and distribution locations in Humble, TX and Broussard, LA, GMI serves customers throughout the United States. Main Street has been invested in GMI since 2007. Post-transaction, the combined Company will operate globally with manufacturing and distribution operations in the United States, Europe and Asia.

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