Farragut Invests in Mainstage Theatrical

CHEVY CHASE, MD – Farragut Capital Partners is pleased to announce the closing of an investment in Mainstage Theatrical Supply, LLC (“Mainstage” or the “Company”), providing subordinated debt and preferred equity to support Sidereal Investments’ acquisition of the Company.  Headquartered in Pensacola, Florida, Mainstage is a full-service provider of theatrical lighting, dimming systems, custom curtains, and rigging solutions, serving customers across the United States and internationally.

Phil McNeill, Managing Partner at Farragut, said of the transaction, “Mainstage is a well-established platform with a strong reputation for technical expertise and high-quality service in the theatrical and entertainment markets.  The Company delivers a compelling value proposition through its comprehensive, end-to-end capabilities and long-tenured team.  We are excited to invest in Mainstage and to partner with Dean Sternke and the broader management team as they continue to grow the business.”

“Mainstage represents a compelling opportunity to partner with a highly regarded platform in a specialized and growing market”, said Kenneth Bryant, Managing Partner at Sidereal Investments.  “It was a pleasure working with the team at Farragut throughout the process, and we appreciated their thoughtful approach and flexibility.  We look forward to partnering with Farragut, Charter Growth Capital, and the entire Mainstage team to support the Company’s continued growth and expansion.”

For more information on Mainstage, please visit https://www.mainstage.com/