Gladstone Investment Corporation Acquires Utah Pacific
July 30, 2021
Gladstone Investment Corporation (NASDAQ: GAIN) acquired Utah Pacific Bridge & Steel, LLC and Mountain Pacific Transport, LLC (collectively, Utah Pacific) on July 30, 2021, in a transaction that included both equity and senior secured debt financing. Gladstone partnered with certain members of Utah Pacific's executive management; Utah Pacific is a Lindon, Utah–based manufacturer of large steel components used in bridge replacement, rehabilitation and construction across the Western U.S.
- Buyers
- Gladstone Investment Corporation, Members of Utah Pacific's executive management
- Targets
- Utah Pacific Bridge & Steel, LLC, Mountain Pacific Transport, LLC
- Industry
- Manufacturing
- Location
- Utah, United States
- Transaction Type
- Buyout
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