Gladstone Investment Corporation Acquires Rowan Energy

Gladstone Investment Corporation, listed on NASDAQ as GAIN, has announced its acquisition of Rowan Energy, Inc. in collaboration with Xyresic Capital. The acquisition involved senior secured debt and majority equity provided by Gladstone Investment to finalize the transaction.

Rowan Energy, headquartered in Oklahoma City, is recognized as a leader in the U.S. oil-and-gas services sector, with specialization in frac sand filtration and field-operations support. Christopher Lee, Senior Managing Director at Gladstone, emphasized Rowan's commitment to providing top-notch customer solutions and highlighted future growth potential.

David Dullum, President of Gladstone Investment, noted that this investment aligns with the company's strategy of pursuing opportunities that offer reliable dividend income and potential capital gains. Gladstone aims to collaborate closely with Rowan's management to enhance value creation.