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BOULDER — The Cigarette Store Corp., the Gunbarrel-based company that owns and operates Smoker Friendly tobacco retail and convenience stores, recently sold off a minority stake in its business to Houston-based investor Main Street Capital Corp. Main Street paid $51.7 million for an undisclosed portion of SF’s equity, according to the company news release. Sponsored Content You’re maxing your tech “muscle.” You’ve increased speed, storage capacity, apps, cell services, etc. And along with all this new power you’ve created even greater mountains of data. And you protect it with …? EVEN MORE TECHNOLOGY, OF COURSE. Firewalls, back up storage and servers. But, is that even enough?
Smoker Friendly Receives $51M Funding Boost to Grow Operations BOULDER, Colo. — Smoker Friendly is poised for more growth as its holding company, Bolder Panther Group LLC, completes a minority recapitalization and debt restructure with Main Street Capital Corp. In the transaction, Main Street funded $51.7 million in a combination of first-lien, senior secured term debt and a direct preferred equity investment. Smoker Friendly continues to be owned and operated by the Gallagher family and led by the current management team. Main Street is also providing the company with a revolving line of credit to support its working capital needs and has agreed to make a delayed draw term loan available to the company to assist with its acquisition growth strategy.