For the City Times
The management team of Gamber-Johnson LLC announced on Tuesday it has acquired the company from Leggett & Platt Commercial Vehicle Products Group.
The acquisition was done with the sponsorship of Main Street Capital Corporation. Gamber is a market leading supplier of rugged computer mounting systems and vehicle mounting components, serving major global fleet customers in law enforcement, public safety, telecommunications, utility, material handling and the military.
“This is a very exciting time for Gamber-Johnson. Main Street will provide support and resources to help take Gamber to the next level in growth, innovation and market development,” said Brian Wagner, president and CEO of Gamber-Johnson.
The company will remain in Stevens Point and will continue to be led by its current management team, according to a news release from Gamber on Tuesday.
Main Street (www.mainstcapital.com) is a principal investment firm that 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.