Nocturne (backed by Gladstone Investment) Acquires St. Barth Properties (SBP)

Calera Capital Acquires Majority Stake in Nocturne Luxury Villas

March 11, 2025

Restaurants & Hospitality

Calera Capital (through an affiliate) acquired a majority stake in Nocturne Luxury Villas from Gladstone Investment Corporation; financial terms were not disclosed. Nocturne is a luxury vacation rental management platform with operations in St. Barth's, Grand Cayman, Telluride (CO), Cabo San Lucas (Mexico), Santa Barbara (CA) and Florida's Emerald Coast and is headquartered in Newport, Rhode Island.

Gladstone Investment and Aureus Capital Back Nocturne Villa Rentals to Acquire Exceptional Stays

June 3, 2021

Restaurants & Hospitality

Gladstone Investment Corporation partnered with Aureus Capital and members of executive management to form Nocturne Villa Rentals and provided equity and senior secured debt to support the new platform. Nocturne (with management) completed the acquisition of Exceptional Stays, a luxury vacation rental manager with approximately 90 properties primarily in Telluride, Colorado, as the platform's initial investment.

Nocturne Luxury Villas Acquires Grand Cayman Villas and Condos; Gladstone Invests $18.5M in Support

August 5, 2024

Real Estate

Nocturne Luxury Villas acquired Grand Cayman Villas and Condos (GCVC), a villa rental management company that represents more than 180 properties across Grand Cayman. Gladstone Investment Corporation (NASDAQ: GAIN), an existing investor in Nocturne, provided $18.5 million of secured first‑lien debt to support the transaction and increase its investment in the Nocturne platform.

Gladstone Investment and Xyresic Capital Acquire The E3 Company; Nocturne (Gladstone-backed) Acquires Exclusive 30A Rentals

September 8, 2023

Oil & Gas

Gladstone Investment Corporation partnered with Xyresic Capital to acquire The E3 Company, a Kilgore, Texas-based provider of pressure management solutions for oil and gas well completions, investing $46.0 million in a combination of senior secured debt and equity. Separately, Gladstone expanded its investment in its portfolio company Nocturne Luxury Villas by financing Nocturne’s acquisition of Exclusive 30A Rentals (more than 100 properties) via an $18.7 million senior secured loan.

Pool Service Partners Acquires B&B Swimming Pool Service

January 23, 2025

HVAC & Mechanical

Pool Service Partners (PSP), a Tamarix Capital-backed pool services platform, has acquired B&B Swimming Pool Service of Chestnut Ridge, New York. The add-on strengthens PSP's Northeast footprint and provides B&B access to PSP's operational resources and technology while keeping the existing team in place.

SPS PoolCare Acquires Barb's Pool Service

February 5, 2025

Professional Services

SPS PoolCare, a Storr Group-backed pool services platform based in Austin, Texas, has acquired Barb's Pool Service, a residential pool maintenance and repair business serving Charlotte County, Florida. The deal is SPS PoolCare’s 20th acquisition in Florida and furthers the platform’s Sun Belt consolidation strategy.