MCLEAN, Va., March 5, 2014 /PRNewswire/ -- Gladstone
Investment Corporation (NASDAQ: GAIN) ("Gladstone Investment")
announced today that on February 28,
2014, it participated in the majority recapitalization of
Edge Adhesives Holdings, Inc. ("Edge") from Superior Capital
Partners. Gladstone Investment completed this transaction
together with its affiliate, Gladstone Capital Corporation (NASDAQ:
GLAD), as well as with Akoya Capital LLC ("Akoya"), and certain
members of the executive management team. In addition to the
equity capital necessary for the transaction, Gladstone Investment
and Gladstone Capital also provided the debt financing.
![Gladstone Investment Gladstone Investment](http://photos.prnewswire.com/prnvar/20101005/GLADSTONEINVESTMENT)
Headquartered in Fort Worth,
TX, Edge is a leading developer and manufacturer of
innovative adhesives, sealants, tapes and related solutions used in
building products, transportation, electrical and HVAC, among other
markets. Edge satisfies customer requirements under brands
such as Edge, PARR, PTI, Rubex, and PLIOSEAL, as well as through
its private label relationships with leading brands where Edge is a
leader in GREEN technologies.
Mr. Peter Kotz, Managing Director
of Gladstone Investment and Gladstone Capital stated, "Edge
represents a strong fit for Gladstone, and we are excited by the prospect
of partnering with an industry veteran in Dave Burger (CEO), management and employees to
continue to build upon Edge's innovative product offering. A
collective partnership with Akoya, which brings specialty chemicals
expertise, also allows us to accelerate the growth in the business
and continue to deliver value-added solutions to its blue-chip
customer base."
Mr. Dave Burger, CEO of Edge
stated, "We are excited by this next phase for Edge and the
opportunity to partner with Gladstone and Akoya. This partnership
will provide increased value for our customers and employees, and
further position the business to deliver superior solutions within
end-markets that demand high quality and innovative
solutions. I appreciate the support from Superior Capital
Partners and look forward to continuing to build upon the success
at Edge with our new partners."
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 104
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 Edge Adhesives and its management team,
and the ability of Edge Adhesives 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.
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SOURCE Gladstone Investment Corporation