Gladstone Investment Corporation Acquires RDI

Gladstone Investment Corporation announced its acquisition of Ricardo Defense Systems, LLC and Ricardo Defense, Inc., together known as RDI. Based in Troy, Michigan, RDI specializes in engineering services and systems integration, assisting the Department of Defense in modernizing and maintaining its fleet. This acquisition was completed with equity and senior secured debt provided by Gladstone.

Christopher Lee from Gladstone expressed enthusiasm about collaborating with RDI and Proteus Enterprises, emphasizing the innovative solutions RDI brings. David Dullum, President of Gladstone Investment, expects the acquisition to enhance income for dividends and stimulate capital appreciation.

Gladstone Investment, a publicly traded company, focuses on equity and debt investments in lower middle market businesses. The company's strategy includes acquisitions and recapitalizations to generate shareholder value.