Your Ad Here

Tuesday, February 15, 2011

Main Street invests in insurance company (MAIN)

Houston investment firm Main Street Capital Corp. said Tuesday it completed a $10.7 million portfolio investment in Denver, Colo.-based Van Gilder Insurance Corp.

Main Street’s (NYSE: MAIN) investment in Gilder represents a combination of debt and equity capital invested to refinance certain debt obligations and provide additional liquidity for the company’s ongoing operations. Founded in 1905, Gilder provides insurance brokerage services such as employee benefits, risk management, business and personal insurance.

Disclosure I am Long MAIN shares.

1 comment: