on Gladstone Investment Corporation (NASDAQ:GAIN)
Gladstone Investment Corporation Invests in Sun State Nursery & Landscaping
Gladstone Investment Corporation (NASDAQ:GAIN) has announced its investment in Sun State Nursery & Landscaping, LLC. This collaboration with Everglades Equity, LLC involves providing senior secured debt and equity to support the transaction. Sun State, located in Jacksonville, Florida, specializes in commercial landscaping services.
The investment aims to bolster Sun State's growth in the Jacksonville market. Christopher Lee, Senior Managing Director of Gladstone Investment, expressed enthusiasm about partnering with Sun State's team to enhance their market reputation. David Dullum, President of Gladstone Investment, highlighted the acquisition's potential to generate shareholder dividends and capital appreciation.
Gladstone Investment is known for its equity and debt investments in lower middle-market businesses. For further details, visit their website. While optimistic about growth prospects, the company acknowledges risks and uncertainties in forward-looking statements.
R. H.
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