Shift Transit Acquired by Main Street Capital Corporation | Industrials M&A Deal

Main Street Capital Corporation has completed the acquisition of Shift Transit, a industrial services other business in Illinois, for $40.0 million. Shift Transit is a micromobility operator providing maintenance and logistics for docked bikeshare and scooter share systems across North America, managing over 85,000 mobility assets. Based in Chicago, the company delivers fleet management, operational oversight, and customer service to city municipalities, supporting recurring municipal service contracts. The recapitalisation acquisition is a private equity acquisition by a lower middle market investor, funded with first lien and senior secured term debt plus a direct minority equity investment.