Hi-rel Group: Exclusive: Main Street sells portfolio company Hi-Rel Group

Pittsburgh-based private equity firm Main Street Capital Holdings LLC has sold a portfolio company that manufactures precision metal components for electronic devices. Hi-Rel Group LLC of Essex, Conn., was sold to Hermetic Solutions LLC, which in turn is owned by Minneapolis-based ShoreView Industries, confirmed Dennis Prado, Main Street partner. Financials were not disclosed. Nor did Main Street say what it paid for Hi-Rel almost four years ago, but Main Street had raised $8.2 million for the...