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December 22, 2021

Main Street Announces the Recapitalization of I-deal Optics

I-deal Optics Well-Positioned to Continue its Track Record of Growth

PITTSBURGH, PA – December 22, 2021 – Main Street Capital Holdings, LLC, a Pittsburgh-based private equity firm, is pleased to announce that it has recapitalized its portfolio company, I-deal Optics, Inc., in partnership with the Company’s management with the shared goal of continuing to grow the business.  I-deal, a leading supplier of prescription eyeglass frames, has a long history of organic growth through exceptional management, a sales force with national reach, a diverse portfolio of leading brands, innovative design capabilities, and superior customer service.

Ryan Davis, Managing Partner at Main Street, added, “After many years of strong financial performance, we’re very pleased to be in a position where we could recapitalize the business.  We look forward to continuing to work with the I-deal management team to optimize performance and deliver strong top-line and earnings growth.”

Commenting on the recapitalization, Michael Feldman, CEO of I-deal Optics said: “We are excited to remain partners with Main Street in pursuit of our long-term growth plans for the business while delivering exceptional quality and service to our customers.”