Gladstone Capital Provides Senior Debt and Minority Equity Investment in WB Xcel Holdings (Xcel)

Gladstone Investment Corporation and Xyresic Capital Acquire Rowan Energy

December 12, 2025

Oil & Gas

Gladstone Investment Corporation, alongside independent sponsor Xyresic Capital, has acquired Rowan Energy, Inc., a U.S. oil-and-gas services company based in Oklahoma City. Gladstone provided senior secured debt and the majority of the equity to complete the transaction; the investment is intended to support Rowan's growth and value-creation initiatives in frac sand filtration, completion-equipment deployment, and field-operations support.

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.

Gladstone Investment Corporation and Xyresic Capital Acquire Home Concepts Holdings

May 12, 2023

Marketing & Advertising

Gladstone Investment Corporation partnered with Xyresic Capital to acquire Home Concepts Holdings, LLC on May 12, 2023; Gladstone provided senior secured debt and the majority of the equity to complete the transaction. Headquartered in Santa Barbara, California, Home Concepts is the largest independently owned home improvement advertising publication in the U.S., mailing to more than 3.8 million homeowners across multiple states; the investors plan to support expansion into new markets and additional advertising channels.

Capitala Group, Gladstone Investment Corporation and KCM Capital Partners Invest in Mason West

October 22, 2020

Building Products

Capitala Group, alongside Gladstone Investment Corporation and KCM Capital Partners, has made a debt and equity growth investment in Mason West to support the company's ongoing expansion. Mason West, based in Placentia, California, is an industry leader in engineered seismic restraint and vibration isolation products serving MEP contractors across healthcare, technology, education and government construction markets.

Boardriders Sells Xcel Wetsuits to ZG Collective

March 17, 2020

Consumer Products

Boardriders, Inc. sold its Xcel wetsuit brand to Colorado-based ZG Collective as part of a portfolio rationalization to focus investment on its six primary global brands and multi-year growth initiatives. The divestment, announced March 17, 2020, was described by Boardriders as aligning with its strategy to fund digital transformation, category extensions and sustainability programs; ROTH Capital Partners and K&L Gates advised Boardriders.

Globalization Partners Raises $150M Minority Investment

February 4, 2020

Staffing & HR

Globalization Partners Inc. closed a $150 million minority equity investment led by funds managed by Wincove Private Holdings and TDR Capital, with participation from Sands Capital. The capital will be used to accelerate the company’s growth — including investments in client services, technology development, sales, and global expansion of its employer-of-record platform.