Honigman Advises Shift Transit Founders on Main Street Capital Recapitalization

Honigman advised the founders of Shift Transit, LLC and Shift Transit Inc. (collectively, “Shift Transit”) on the recapitalization of the Company by Main Street Capital Corporation.

In connection with the transaction, Main Street Capital Corporation partnered with Shift Transit’s founders and existing owners, investing $40.0 million through a combination of first‑lien, senior secured term debt, and a direct minority equity investment.

Shift Transit is a Chicago‑based micromobility operator providing maintenance and logistics services for docked bikeshare and scooter share systems, serving municipal customers across the United States and Canada and managing more than 85,000 mobility assets daily.

The Honigman corporate deal team consisted of Partners John P. Kanan, John (Jack) J. Carver and Associates Sherwin S. Shushtari and Collin T. Place along with a finance deal team of Partner Aviv Avnon and Associate Jonathan A. Kirschmeier.