Main Street Capital Corporation completed a new portfolio investment to facilitate the minority recapitalization of World Micro Components, a distributor of electronic parts and components serving a variety of end markets, including aerospace and defense, healthcare, technology and industrial automation. Main Street, along with its co-investor, partnered with the Company's existing owner and senior management team to facilitate the transaction, with Main Street funding $18.1 million in a combination of first lien, senior secured term debt and a direct minority equity investment.
Founded in 1994 and headquartered in Roswell, Georgia, World Micro offers a broad range of supply chain management solutions to its customers, including global sourcing, bill of material analysis, vendor consolidation, kitting services and cost reduction analysis. Over its 28-year history, the Company has built longstanding relationships with original equipment manufacturers, or OEMs, and contract manufacturers and has embedded itself as an integral part of each customers' supply chain. World Micro sources its parts and components from a global network of over 1,000 vendors, enabling it to source difficult-to-find components in an efficient and cost-effective manner.