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JORGENSON LABORATORIES RECEIVES INVESTMENT FROM MAIN STREET CAPITAL
Source: Jorgenson Laboratories news release

Jorgenson Laboratories, a leading supplier of equipment to the veterinary profession, is gearing up for a new phase of growth with a minority investment from Main Street Capital Corporation. The Jorgenson family will retain operational control and majority ownership of the company, which sells under the Jorvet brand.

Dr. Norm Jorgensen will serve as president and CEO under the new structure. Dr. Hans Jorgensen and Neil Jorgensen will continue to work at Jorgensen Labs.

"Thanks to the efforts of our dedicated employees and the trust and support of our vendors and customers, Jorgensen Labs has experienced over 50 years of successful business in the animal health industry," said Dr. Jorgensen. "This new investment will fuel even faster growth, and at the same time will provide capital for some family members to eventually retire from the business."

Jorvet was founded in 1965 by Dr. Irvin Jorgensen, a Danish veterinarian who had emigrated to the US and practiced in Minnesota. He started the business to import veterinary instruments from Europe that were not readily available in the US. The company moved to Colorado in 1970 and quickly gained a reputation as a source for hard-to-find instruments.

The company grew quickly. Eventually Dr. Jorgensen's sons, both veterinarians, joined the company as executives - Dr. Hans Jorgensen in 1978 and Dr. Norm Jorgensen in 1986. Both were experienced veterinary practitioners before joining the family business. Today the company employs more than 100 people and operates out of facilities in Loveland, CO. Jorgensen Laboratories will continue to operate out of its current facilities and does not anticipate any personnel changes other than future retirements.

Main Street (NYSE: MAIN) (www.mainstcapital.com) is a principal investment firm that primarily provides long-term debt and equity capital and seeks to partner with entrepreneurs, business owners and management teams, generally providing "one stop" financing solutions.

"We are very pleased to successfully complete our investment in Jorgensen Laboratories." said Damian Burke, Main Street Managing Director. "Jorgensen Laboratories is a highly successful, family-owned business with substantial potential to expand, and we look forward to partnering with the Jorgensen family and continue their track record of success."

Brakke Consulting, headquartered in Greensboro, NC, advised Jorgensen Laboratories on the transaction.


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