Gladstone Investment Closes Acquisition of Extrude Hone

Gladstone Investment Corporation··US·Read original
2▲1 ▼0Impact / 5
Summary · why it matters

Gladstone Investment Corporation announced it has closed on the acquisition of Extrude Hone, an Irwin, Pennsylvania-based provider of precision surface-finishing solutions. Extrude Hone serves mission-critical applications across aerospace, automotive, heavy industrial and energy end markets, using proprietary technologies and service capabilities to improve product performance, reliability and manufacturing efficiency. Christopher Lee, Executive Vice President of Gladstone Investment, said the firm is excited to partner with the Extrude Hone management team and support the company's next phase of growth, citing its strong market position and differentiated capabilities. Chief Executive Officer and President David Dullum said the deal adds another quality company to Gladstone Investment's portfolio of operating businesses and is expected to produce both income for dividends to shareholders and longer-term appreciation for capital gains. Gladstone Investment is a publicly traded business development company that makes equity and secured debt investments in lower middle market businesses in the United States in connection with acquisitions, changes in control and recapitalizations.

Impact on assets 1

Financials▲ · 1 stocks
Gladstone Investment Corporation
GAIN
▲ PositiveCapitalrelevance

Gladstone Investment closed the acquisition of Extrude Hone, adding a portfolio company expected to generate dividend income and capital gains.

Off-coverage companies 1

Extrude HonePrivate± Mixed
Capitalrelevance

Extrude Hone is the acquisition target being bought by Gladstone Investment; the deal is a change of ownership with no stated standalone financial impact.

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