MCLEAN, Va., Feb. 20, 2014 /PRNewswire/ -- Gladstone
Investment Corporation (NASDAQ: GAIN) ("Gladstone Investment")
announced today that on February 14,
2014, it acquired Head Country Inc. ("Head Country").
Gladstone Investment, together with certain members of the
executive management team, provided the capital consisting of
preferred and common equity, senior debt and a revolving credit
facility. Head Country, founded in 1980, is headquartered in
Ponca City, OK. Head Country is a
manufacturer of a leading BBQ sauce brand with three BBQ sauce
flavors currently as well as seasonings and marinades.
"Gladstone Investment is excited about partnering with this
talented and experienced management team. Head Country has an
outstanding brand with a loyal customer base, and we look forward
to supporting management as they continue to build on that track
record," said Kyle Largent, Managing
Director of Gladstone Investment.
Gladstone Investment Corporation is a publicly traded business
development company that seeks to make debt and equity investments
in small and mid-sized businesses in the
United States in connection with acquisitions, changes in
control and recapitalizations. Gladstone Investment has paid 103
consecutive monthly cash distributions on its common stock.
Additional information on this transaction can be found at
www.gladstonecompanies.com.
For Investor Relations inquiries related to any of the monthly
dividend paying Gladstone funds,
please visit www.gladstone.com.
Forward-looking Statements:
The statements in this
press release regarding the longer-term prospects of Head Country
and its management team, and the ability of Head Country to grow
and expand are "forward-looking statements." These forward-looking
statements inherently involve certain risks and uncertainties in
predicting future results and conditions. Although these statements
are based on Gladstone Investment's current plans that are believed
to be reasonable as of the date of this press release, a number of
factors could cause actual results and conditions to differ
materially from these forward-looking statements, including those
factors described from time to time in Gladstone Investment's
filings with the Securities and Exchange Commission. Gladstone
Investment undertakes no obligation to publicly release the result
of any revisions to these forward looking statements that may be
made to reflect any future events or otherwise, except as required
by law.
Logo:
http://photos.prnewswire.com/prnh/20101005/GLADSTONEINVESTMENT
SOURCE Gladstone Investment Corporation