Elgin Industries, Inc. has partnered with Main Street Capital

On October 3, 2022, Elgin Industries, Inc. (“Elgin”), a leading manufacturer and distributor of high-quality engine and chassis components to the automotive and commercial truck aftermarkets and to OEM customers in the automotive, commercial vehicle, agriculture and other industrial markets, announced that it has partnered with Main Street Capital (NYSE: MAIN) (“Main Street”), a publicly-traded principal investment firm that provides long-term debt and equity capital to lower middle market companies. ?

Elgin combines vertically integrated manufacturing capabilities on its top product lines with a network of high-quality sourcing partners to provide a comprehensive set of engine and chassis products to its customers. The Company’s unique mix of aftermarket and OEM exposure, sophisticated technical and manufacturing capabilities, and portfolio of strong brands position it for future value creation. ?

Elgin and Main Street share a long-term outlook and an eagerness to execute on the Company’s compelling growth opportunities. The investment from Main Street positions Elgin to continue to develop best-in-class products, accelerate growth with new customers and sales channels, and strengthen relationships with its customers, suppliers, and dedicated employees.?

Donnelly Penman & Partners acted as the exclusive investment banking advisor and Taft Stettinius & Hollister LLP served as legal advisor to Elgin.?For further information, please contact Jeremy Lamb, Managing Director, or Jack Bernard, Vice President, at (313) 446-9900.