Houston, Texas -- Main Street Capital Corp. has invested $11.7 million in Indianhead Pipeline Services llc.
Indianhead, headquartered in Eau Claire, Wisconsin, provides products and support services to transcontinental pipeline construction companies in North America.
Indianhead Pipeline's service offering primarily consists of buoyancy control, site preparation and restoration, foam services and erosion control.
Main Street partnered with Indianhead Pipeline's founder and third party investors to aid this recapitalisation and growth financing.
Main Street is an investment firm that provides long-term debt and equity capital to lower middle market companies and debt capital to middle market companies.
Indianhead Pipeline Services has polyurethane foam applications, as well as concrete weight coating and concrete protective coating.
IPS says it has a fleet of PU foam application equipment and skilled personnel for the on-site provision of ditch breakers, pipe pillows, and other foma applications.