on Gladstone Investment Corporation (NASDAQ:GAIN)
Gladstone Investment Corporation Acquires Smart Chemical Solutions
Gladstone Investment Corporation (Nasdaq: GAIN) announced the acquisition of Smart Chemical Solutions, LLC. Based in Midland, Texas, Smart Chemical is a leading provider of production chemicals for onshore oil and gas operators. This acquisition, done in partnership with Xyresic Capital, saw Gladstone Investment contribute both equity and senior secured debt.
Christopher Lee, Senior Managing Director at Gladstone Investment, expressed enthusiasm about partnering with Smart Chemical to enhance its growth strategy. David Dullum, President of Gladstone Investment, emphasized this investment's potential for stable income and capital appreciation for shareholders.
As a publicly traded company, Gladstone Investment focuses on equity and secured debt investments in lower middle market businesses. More details on this transaction are available on their website.
R. H.
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