Gladstone Investment Corporation and KCM Capital Partners Acquire Mason West
July 09 2020 - 3:30PM
Gladstone Investment Corporation (Nasdaq: GAIN) (“Gladstone
Investment”) announced today that on July 6, 2020, it partnered
with KCM Capital Partners, LLC (“KCM Capital”), and members of the
company’s executive management, in the acquisition of Mason West,
LLC and AJ Engineering, LLC (collectively, “Mason West”).
Gladstone Investment provided equity and senior secured debt to
complete the transaction.
Headquartered in Placentia, CA, Mason West is
the leading provider of engineered seismic restraint and vibration
isolation products to mechanical, electrical, and plumbing
contractors in California, Nevada, and Hawaii. By combining a
best-in-class product suite, engineering expertise, and steel
fabrication, Mason West’s turnkey approach brings substantial value
to its customers.
“Operating within a mission-critical and highly
regulated environment, Mason West’s commitment to quality and
customer service sets it apart from its peers. We are very excited
to partner with KCM Capital and the talented team at Mason West and
look forward to helping the company as it enters its next phase of
growth,” said Peter Roushdy, Managing Director of Gladstone
Investment.
Gladstone Investment is a publicly traded
business development company that seeks to make equity and secured
debt investments in lower middle market businesses in the United
States in connection with acquisitions, changes in control and
recapitalizations. Additional information on the transaction can be
found at www.gladstoneinvestment.com.
For Investor Relations inquiries related to any
of the monthly dividend paying Gladstone funds, please visit
www.gladstone.com.
Forward-looking Statements:The statements in
this press release regarding the longer-term prospects of Gladstone
Investment and Mason West and its management team, and the ability
of Gladstone Investment and Mason West to grow and expand are
"forward-looking statements." These forward-looking statements
inherently involve certain risks and uncertainties in predicting
future results and conditions. Although these statements are based
on Gladstone Investment's current plans that are believed to be
reasonable as of the date of this press release, a number of
factors could cause actual results and conditions to differ
materially from these forward-looking statements, including those
factors described from time to time in Gladstone Investment's
filings with the Securities and Exchange Commission. Gladstone
Investment undertakes no obligation to update or revise these
forward-looking statements whether as a result of new information,
future events or otherwise, except as required by law.
SOURCE: Gladstone Investment Corporation
For further information: Gladstone Investment Corporation,
703-287-5893
Gladstone Investment (NASDAQ:GAIN)
Historical Stock Chart
From Oct 2024 to Nov 2024
Gladstone Investment (NASDAQ:GAIN)
Historical Stock Chart
From Nov 2023 to Nov 2024