Main Street Capital Locks in 40% Return on Centre Technologies Exit

The exit follows a majority recapitalization of the Houston-based IT firm, which specializes in managed services, cloud solutions, and cybersecurity for lower and middle-market businesses. Main Street’s involvement began in January 2019 with an initial $20.4 million capital injection. Over the following years, the firm supported Centre’s aggressive growth strategy, funding seven follow-on acquisitions that pushed Main Street’s total debt and equity commitment to $48.7 million.

The final transaction generated a realized gain that exceeded the firm’s March 31, 2026, fair market valuation by $6.8 million. Beyond the capital gain, Main Street collected $2.2 million in dividends over the seven-year holding period. When accounting for debt and equity combined, the firm reported an internal rate of return of 23.2% and an 8.8 times money invested return on its equity stake. The proceeds include a minority ownership position in the acquiring entity, marking a complete transition for the portfolio company under its new financial sponsor.