Public Company Financial Services

Gladstone Investment

McLean, Virginia, United States

Gladstone Investment Corporation (Nasdaq: GAIN) is a publicly traded business development company managed by The Gladstone Companies. It invests in lower middle-market U.S. businesses, primarily in business services, consumer, and industrial sectors, using equity and secured debt to support buyouts, recapitalizations, and acquisitions.

Focus Areas
Business development company (BDC), Lower middle-market buyouts and recapitalizations, Secured debt and equity investments

Tracked deals

33

33 tracked deals across 2019-2026.

Recent pace

3

3 tracked deals announced in the last 12 months.

Deal mix

Buyout

15 buyout · 10 addon · 5 growth capital

Gladstone Investment Acquisition Volume by Year

Last 8 years

Acquisition volume by year Annual acquisition counts for the last 8 years for Gladstone Investment. 1 2019 3 2020 5 2021 6 2022 4 2023 6 2024 6 2025 ~2 est. 2 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

Showing the 12 most recent of 33 tracked deals for Gladstone Investment.

  • Buyer
    Global GRAB Technologies, Inc. (GGT Perimeter Defense), Gladstone Investment Corporation
    Target
    Barrier1 Systems, LLC
    Industry
    Manufacturing
    Type
    Addon

    Global GRAB Technologies, operating as GGT Perimeter Defense, acquired Barrier1 Systems, a manufacturer of engineered anti-ram vehicle barriers. Gladstone Investment provided additional capital to support the acquisition, which expands GGT’s product portfolio and U.S.-based engineering and manufacturing capabilities.

  • Buyer
    Gladstone Investment Corporation
    Target
    DHE Computer Systems, LLC
    Seller
    Dan Hammack
    Industry
    IT Services
    Type
    Buyout

    Gladstone Investment Corporation acquired DHE Computer Systems, LLC, a full-service technology solutions provider headquartered in Centennial, Colorado. The deal was funded with a combination of debt and equity, with DHE’s management team continuing to lead and founders Dan Hammack and Elena “Annie” Hammack retaining meaningful equity.

  • Buyer
    Gladstone Investment Corporation, Xyresic Capital
    Target
    Rowan Energy, Inc.
    Industry
    Oil & Gas
    Type
    Buyout

    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.

  • Buyer
    Coltala Holdings, Coltala Water Holdings, Gladstone Capital, Lone Star Investment Advisors
    Target
    Alsay, Inc.
    Industry
    Infrastructure
    Type
    Buyout

    Coltala Holdings launched Coltala Water Holdings with the acquisition of Alsay, Inc., a Houston-based water well drilling and water infrastructure services provider founded in 1960. The transaction was financed with a senior loan from Bank United and mezzanine/equity co-investment from Gladstone Capital, while Lone Star Investment Advisors remains an investor; Coltala plans to scale Alsay’s water infrastructure capabilities across Texas.

  • Buyer
    Gladstone Investment Corporation
    Target
    Global GRAB Technologies, Inc.
    Type
    Buyout

    Gladstone Investment Corporation has acquired Global GRAB Technologies in a $67.6 million transaction comprised of equity and senior secured debt. Global GRAB, based in Franklin, Tennessee, specializes in perimeter security and hostile vehicle mitigation systems for government and commercial clients; Gladstone said the investment will support the company's growth, product portfolio expansion, and ability to protect critical infrastructure.

  • Buyer
    Gladstone Investment Corporation, Everglades Equity, LLC
    Target
    Sun State Nursery & Landscaping, LLC
    Type
    Buyout

    Gladstone Investment Corporation provided senior secured debt and equity to support a transaction in partnership with Everglades Equity to invest in Sun State Nursery & Landscaping, a commercial landscaping installation and maintenance provider based in Jacksonville, Florida. The financing is intended to support Sun State’s next phase of growth and add the business to the investors' portfolios.

  • Buyer
    Gladstone Investment Corporation, Xyresic Capital
    Target
    Smart Chemical Solutions, LLC
    Seller
    Palo Duro Capital
    Industry
    Oil & Gas
    Type
    Buyout

    Gladstone Investment Corporation (Nasdaq: GAIN), alongside co-investor Xyresic Capital, has acquired Smart Chemical Solutions, LLC, a Midland, Texas–based provider of production chemicals to onshore oil and gas operators. Gladstone provided equity and senior secured debt to complete the transaction; Palo Duro Capital was the seller according to advisor announcements.

  • Buyer
    Pyrotek Special Effects, Inc., Gladstone Investment Corporation
    Target
    Unique Pyrotechnic
    Location
    Västra Götaland County, Sweden
    Type
    Addon

    Pyrotek Special Effects, a Gladstone Investment portfolio company, acquired Unique Pyrotechnic, a Nordic special effects provider, with additional capital provided by Gladstone Investment Corporation. The acquisition expands Pyrotek's live special effects footprint in Sweden, Norway and Denmark and broadens its global network of offices.

  • Buyer
    Gladstone Investment Corporation
    Target
    Nielsen-Kellerman, Inc.
    Seller
    Nielsen-Kellerman executive leadership team
    Industry
    Manufacturing
    Type
    Buyout

    Gladstone Investment Corporation (NASDAQ:GAIN) acquired Nielsen-Kellerman, Inc. on December 19, 2024, providing both equity capital and senior secured debt to complete the transaction. Nielsen-Kellerman, a Boothwyn, Pennsylvania-based designer and manufacturer of rugged environmental measurement and sports performance instruments, will leverage Gladstone's resources to expand market reach and enhance product offerings.

  • Buyer
    Proteus Enterprises, Gladstone Investment Corporation
    Target
    Ricardo Defense, Inc.
    Seller
    Ricardo plc

    Proteus Enterprises, together with Gladstone Investment Corporation, acquired Ricardo Defense, Inc., an engineering services and systems integration firm headquartered in Troy, Michigan. The transaction is a divestiture by Ricardo plc; Gladstone provided equity and senior secured debt while Proteus will operate and scale the defense-focused business. Financial terms were not disclosed.

  • Buyer
    Goode Partners LLC, Gladstone Capital Corporation
    Target
    Wings 'N More Restaurants LLC
    Seller
    Mark Dennard

    Goode Partners LLC has made a strategic growth investment in Wings 'N More Restaurants LLC, with debt financing provided by Gladstone Capital Corporation, to accelerate the Texas-based chain's growth and geographic expansion. The deal partners Goode with founder Mark Dennard and will support expansion of the brand, which currently operates seven restaurants in College Station/Bryan, Corpus Christi and Houston.

  • Buyer
    Gladstone Investment Corporation, Scott Dunlop (and Pyrotek executive management)
    Target
    Pyrotek Special Effects, Inc.
    Type
    Buyout

    Gladstone Investment Corporation partnered with Scott Dunlop and Pyrotek’s executive management to acquire Pyrotek Special Effects on November 22, 2024, providing equity and senior secured debt to complete the transaction. Pyrotek, headquartered in Las Vegas, Nevada, is a provider of special effects and event production services for live entertainment and will continue to be led by CEO Scott Dunlop.

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