CIBC US Middle Market Investment Banking is pleased to announce that its client Nello, a portfolio company of Beckner Clevy Partners, LO3 Capital, Harbert Management Corporation, and other investors, has been acquired by management and Main Street Capital Corporation. CIBC US Middle Market Investment Banking acted as exclusive financial advisor to Nello in this transaction.

Founded in 2002 and headquartered in South Bend, Indiana, Nello is a manufacturer of engineered steel poles and structures for the electric utility and wireless telecommunications end markets, with the Company’s products including tapered steel poles, transmission poles, substation frames, lattice towers and guyed towers. The Company’s customer base consists of top engineering, procurement and construction (“EPC”) companies and leading electric utility and telecommunications companies.