Consumer, Diversified Industrials
Tedder Industries LLC Recapitalized by Main Street Capital Corporation
Published September 6, 2018
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
For more information about this transaction, please contact one of the team members below:
Bruce PymManaging Director
About Meridian Capital
Founded in 1995, Meridian Capital is a Seattle-based M&A advisory firm, advising business owners on complex corporate finance, M&A and strategic challenges for over 25 years. The firm differentiates itself through its deep industry insights, highly customized service approach, and end-to-end commitment to execution. With a unique combination of professionals with financial, transactional, and operational expertise, Meridian offers the depth and breadth of experience required to serve leading middle market companies in multiple sectors including aerospace & defense, business services, consumer, diversified industrials, food & beverage, technology, and telecommunications.