Birmingham, MI, April  28, 2026  (GLOBE NEWSWIRE) -- Angle Advisors is pleased to announce that Shift Transit, LLC and Shift Transit Inc. (collectively, &#34;Shift Transit&#34;), a leading micromobility operator providing

MAIN

Angle Advisors announces Shift Transit has been recapitalized by Main Street Capital Corporation

Main Street Capital invests in Shift Transit to enhance urban mobility

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>Birmingham, MI, April  28, 2026  (GLOBE NEWSWIRE) -- Angle Advisors is pleased to announce that Shift Transit, LLC and Shift Transit Inc. (collectively, &amp;#34;Shift Transit&amp;#34;), a leading micromobility operator providing</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Main Street Capital (MAIN) has completed a $40 million recapitalization of Shift Transit, enhancing its position in the growing micromobility sector. This investment supports Shift Transit&#039;s expansion, potentially leading to increased revenues and market presence.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>MAIN invests $40 million in Shift Transit for recapitalization.</li><li>Shift Transit operates 85,000 micromobility assets across North America.</li><li>Investment includes first lien debt and minority equity stake.</li><li>Shift Transit aims to enhance urban mobility services through this backing.</li><li>Partnership aligns with MAIN’s strategy targeting lower middle-market companies.</li></ul>
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  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Shift Transit, LLC (N/A)</strong>: Expands MAIN’s reach in the micromobility market.</li><li><strong>Angle Advisors LLC (N/A)</strong>: Advised on the transaction, enhancing credibility.</li></ul>
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  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>This news fits the &#039;Corporate Developments&#039; category as it details a significant investment by MAIN into a company with growth potential in the transportation sector. Such investments align with MAIN&#039;s broader strategy in lower middle markets, indicating a proactive approach to capitalizing on emerging trends.</p>
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  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Shift Transit’s recapitalization could lead to increased operational efficiencies and revenue growth.</li><li>MAIN&#039;s support may elevate Shift Transit&#039;s market share in North America’s micromobility sector.</li><li>Investments like these typically indicate confidence in long-term growth within the sector.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>MAIN&#039;s investment in Shift Transit is $40 million.</li><li>Shift Transit manages over 85,000 mobility assets across North America.</li><li>Shift Transit was founded in 2015 and is headquartered in Chicago.</li><li>Investment includes first lien senior secured debt and equity.</li><li>MAIN focuses on lower middle market companies generating $10M-$150M in annual revenues.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Buy MAIN for its strategic investment in growing micromobility, expecting revenue growth.</p>
  </section>
</section>


<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p>Birmingham, MI, April  28, 2026  (GLOBE NEWSWIRE) -- Angle Advisors is pleased to announce that Shift Transit, LLC and Shift Transit Inc. (collectively, "Shift Transit"), a leading micromobility operator providing comprehensive maintenance and logistics services for docked bikeshare and scooter share systems across North America, has been recapitalized by Main Street Capital Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/MAIN">MAIN</a>) ("Main Street"). Main Street partnered with Shift Transit's founders and existing owners to facilitate the transaction, with Main Street's investment totaling $40.0 million comprised of a combination of first lien, senior secured term debt and a direct minority equity investment.</p>    <p align="center"><img alt="Angle Advisors announces Shift Transit has been recapitalized by Main Street Capital Corporation" height="205" src="https://pressranger.s3.us-west-1.amazonaws.com/3236818/Shift-Transit-Logos.png" style="display:block; margin-left:auto; margin-right:auto;" width="184"></img></p>    <p align="center">Shift Transit has been recapitalized by Main Street Capital Corporation</p>     <p>Shift Transit is headquartered in Chicago and was founded in 2015 by Edward Inlow and Andrew Rosskamm. The Company operates multiple micromobility systems in the United States and Canada, primarily servicing city municipalities through fleet management, operational oversight and customer service. Through these services, Shift Transit manages over 85,000 mobility assets on a day-to-day basis.</p>     <p>&#34;The team we worked with at Angle Advisors – Greg Alkhas, Andrew McCoy, and Devin Boylen – are outstanding professionals who bring both expertise and discipline to complex transactions", said Edward Inlow, Co-Founder &amp; CEO of Shift Transit.  "Their ability to navigate intricacies with clarity and efficiency, while aligning all parties toward a successful outcome, was exceptional. I would strongly recommend Angle Advisors to any organization seeking best-in-class transaction advisory services.&#34;</p>     <p>Main Street (<a href="http://www.mainstcapital.com" rel="nofollow" target="_blank">www.mainstcapital.com</a>) is a principal investment firm that primarily provides customized long-term debt and equity capital solutions to lower middle market companies and debt capital to private companies owned by or in the process of being acquired by a private equity fund. 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 customized "one-stop" debt and equity financing solutions within its lower middle market investment strategy. Main Street seeks to partner with private equity fund sponsors and primarily invests in secured debt investments in its private loan investment strategy. Main Street's lower middle market portfolio companies generally have annual revenues between $10 million and $150 million. Main Street's private loan portfolio companies generally have annual revenues between $25 million and $500 million.</p>    <p><strong>About Angle Advisors LLC</strong></p>         <p>Angle Advisors, with offices in the United States, Germany, and China, specializes in mergers and acquisitions (M&amp;A) advisory and capital raising services with a particular emphasis on the industrials and services sectors.  The firm's professionals have completed over 320 transactions since 2009 for multinational corporations, privately held companies, private equity funds, and public sector clients.</p>          <p><strong>Press Inquiries</strong></p>         <p>                                  Kevin Marsh<br></br> <a href="mailto:kmarsh@angleadvisors.com">kmarsh@angleadvisors.com</a><br></br> <a href="https://www.angleadvisors.com" rel="nofollow" target="_blank">https://www.angleadvisors.com</a><br></br> 101 Southfield Road, 2nd Floor, Birmingham, MI 48009             </p>   <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTcwODcyOCM3NTcwODk0IzUwMDE1NTcxOA=="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/YjIyNDI4NzItOWIwZi00MjM5LWE3YTMtMzI4MGNkYmU1YzEwLTUwMDE1NTcxOC0yMDI2LTA0LTI4LWVu/tiny/Angle-Advisors-LLC.png" referrerpolicy="no-referrer-when-downgrade"></img><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/7d70c525-1420-403f-a410-a04bd51bb433"><img src="https://ml.globenewswire.com/media/7d70c525-1420-403f-a410-a04bd51bb433/small/screenshot-2025-12-04-at-1-36-14-pm-png.png" border="0" width="150" height="58" alt="Primary Logo"></img></a></p>

Main Street Capital (MAIN) has completed a $40 million recapitalization of Shift Transit, enhancing its position in the growing micromobility sector. This investment supports Shift Transit's expansion, potentially leading to increased revenues and market presence.

Angle Advisors announces Shift Transit has been recapitalized by Main Street Capital Corporation

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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