Main Street Capital Investor Day Presentation Deck
I
Headquarters
Houston, Texas
Business
Provider of managed IT services
for clients throughout Texas
I
Website
Centre
TECHNOLOGIES
www.centretechnologies.com
Original Investment Date
January 2019
Investment Type
First lien, senior secured term loan
Minority equity investment
Transaction Type
!Minority Recapitalization
●
Original Capital Invested (1)
$22.6 million total
●
Main Street's View of Transaction and Background
Company Overview
▪ Centre Technologies ("Centre" or the "Company") provides information technology ("IT") hardware and software
solutions for small and medium sized businesses and often functions as its client's IT department
●
Additional Capital Invested (²)
$7.9 million total
●
$15.3 million senior debt
$7.3 million equity
$7.5 million senior debt
$0.4 million equity
To support acquisition growth
I strategy
(1) Main 80% / MSC Income Fund ("MSIF") 20%
(2) Main 80%/MSIF 20%; invested in 2022
Main Street Capital Corporation
MAIN ST
CAPITAL CORPORATION
▪ Centre's "C-Stack" suite of solutions is a unique combination of product offerings and consultative services that
cater to businesses' specific IT hardware, software, support, security and infrastructure needs
Attractive Customer and Recurring Revenue Profile
▪ The level of service, integration into the client, and multi-year recurring contracts create a strong customer
relationship and consistent revenue streams
▪ Centre has high customer retention rates when compared to industry averages and monthly recurring revenue
("MRR") has increased significantly since MAIN's investment
Strong Market Position and Reputation
■ Centre is one of the leading, premium providers of IT services in Texas, serving small and medium sized
businesses with enterprise level services, and has a well-earned reputation for excellent customer service
▪ Centre was recognized on Computer Reseller News' ("CRN") 2023 Tech Elite 250 as a top Managed Service
Provider in North America
Alignment with Dedicated, Driven Management Team
▪ The initial transaction structure and ongoing equity incentive plan are designed to maximize the alignment of
interests between Centre's leadership team and Main Street
NYSE: MAIN
▪ Main Street values the expertise of the leadership team and views them as critical for the continued owth of
the Company and has supported the team in its recent acquisition of two Texas based IT services companies
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