FOR IMMEDIATE RELEASE // SEATTLE, WASHINGTON –Meridian Capital LLC, a Seattle-based middle market corporate finance and M&A advisory firm, is pleased to announce the recapitalization of their client, Tedder Industries LLC (the “Company”) by Main Street Capital Corporation (NYSE:MAIN), a publicly-traded investment firm based in Houston, TX, that provides long-term debt and equity capital to middle market companies.
Thomas Tedder, Tedder Industries’ founder and the management team maintain significant ownership interest in the Company, one of the largest and fastest growing manufacturers of holsters and accessories. The transaction positions Tedder Industries for continued growth through accelerating product development initiatives and expanding into the military and law enforcement channels.
“Meridian Capital’s insights, consumer expertise and transaction process experience guided us to a tremendous outcome and great partnership with Main Street. We are certain that we would never have achieved the outstanding results we did without the help we received from the Meridian Capital team.” – Thomas Tedder, Founder, Tedder Industries LLC
“Tedder Industries and its founder are poster children for how to develop a new business and brand. The Company’s leading direct-to-consumer model and loyal brand following position it for strong growth going forward. The Company is a true success story. The team at Meridian is delighted that it had the opportunity to help the Tedder family and management team achieve their goals.” – Bruce Pym, Managing Director, Meridian Capital LLC