SBS Industries, Inc. of Tulsa, OK acquired by Gladstone Investment Corporation (Nasdaq: GAIN).
MarketWatch Report on the SBS Acquisition:
MCLEAN, Va., Sept. 1, 2011 -- Gladstone Investment Corporation (Nasdaq: GAIN) announced today that it has partnered with management to acquire SBS Industries, Inc. ("SBS"). The capital to support this acquisition consisted of senior debt, preferred equity, and common equity. SBS, founded in 1975 and headquartered in Tulsa, Oklahoma, is a manufacturer and value-added distributor of specialty fasteners and threaded screw products. ClearRidge Capital, LLC advised SBS on the transaction.
"Gladstone Investment is excited about partnering with this talented and experienced management team. SBS has an impressive track record of high customer satisfaction, resulting in a competitive advantage, and we look forward to working with the management team as they build on that track record," said Dave Dullum, President of Gladstone Investment.
Gladstone Investment Corporation is a publicly traded business development company that seeks to make debt and equity investments in small and mid-sized businesses in the United States in connection with acquisitions, changes in control and recapitalizations. The Company pays monthly dividends to its stockholders. Additional information on this transaction can be found at www.gladstonecompanies.com
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