Main Street Capital invests in Centre Technologies to boost enhanced enterprise IT solutions for Texas businesses
PRNewswire 8-Jan-2019 1:38 PM
HOUSTON, Jan. 8, 2019 /PRNewswire/ -- Leading technology provider Centre Technologies is pleased to announce a new business partnership with Texas investment firm Main Street Capital Corporation (NYSE:MAIN). This partnership will equip Houston-based Centre Technologies with the resources to continue growing in technologically sophisticated markets and further expand the organization's ability to deliver advanced, customized IT solutions to current and new customers.
"Our strategic partnership with Main Street Capital opens up endless opportunities that will advance our DNA (our employees, customers and technology partners) – strengthening our enterprise solutions, increasing services scalability, and expanding our team of proven business leaders."
— Chris Pace, Centre Technologies' Founder & CEO
Through this partnership, Centre Technologies is empowered to drive the continued growth and success of its partners, customers and employees. Customers will benefit from solutions with increased scalability through industry-leading tools and resources. The investment enables the company to deliver a strengthened, strategic business model with enhanced enterprise solutions and methodologies, positioning Centre to capitalize on significant growth opportunities in the future.
"We are extremely excited and enthusiastic about the potential that this new partnership creates — enabling us to deliver the best business technology solution across Texas."
— Chris Pace, Centre Technologies' Founder & CEO
As part of the investment, Centre Technologies will access a network of seasoned leadership focused on balanced business growth for Centre employees, customers and technology partners, ensuring them a secure pathway to the future.
"This is an exciting next step that enables us to leverage our people, processes and technologies as a scalable platform for growth."
— Todd Swaney, Centre Technologies' COO
MHT Partners, L.P. acted as exclusive advisor to Centre in this transaction.
About Centre Technologies
Technology is at the center of every business. Centre Technologies' team of experts and certified consultants assess, design, deploy, and support innovative IT solutions that empower businesses of all sizes by delivering the right technology to improve efficiency and enhance collaboration. As a trusted partner to clients, employees and technology manufacturers and distributors, Centre is able to provide an exceptional level of service from Managed Services to Hosted Services to Project Services allowing businesses to focus on growing their business. Learn more by visiting centretechnologies.com.
About Main Street Capital
Main Street Capital (mainstcapital.com) is a principal investment firm that primarily provides long-term debt and equity capital to lower middle market companies and debt capital to middle market companies. Main Street's portfolio investments are typically made to support management buyouts, recapitalizations, growth financings, refinancings and acquisitions of companies that operate in diverse industry sectors. Main Street seeks to partner with entrepreneurs, business owners and management teams and generally provides "one stop" financing alternatives within its lower middle market portfolio. Main Street's lower middle market companies generally have annual revenues between $10 million and $150 million. Main Street's middle market debt investments are made in businesses that are generally larger in size than its lower middle market portfolio companies.
Contact:
James Shuler
(833) 236-8731
info@centretechnologies.com
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SOURCE Centre Technologies
