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MCLEAN, Va. - Gladstone Investment Corporation (NASDAQ:GAIN), a business development company with a market capitalization of $525 million and an impressive dividend yield of 10.64%, has acquired Franklin, Tennessee-based Global GRAB Technologies, a provider of perimeter security and hostile vehicle mitigation systems, according to a press release issued Wednesday. InvestingPro data shows the company has maintained dividend payments for 21 consecutive years, making it a notable player in the dividend-focused investment space.
The transaction involved $67.6 million in equity and senior secured debt provided by Gladstone Investment. Global GRAB serves government and commercial organizations with security solutions designed to protect facilities and infrastructure. Trading at a P/E ratio of 8, Gladstone Investment has demonstrated solid financial performance with 7.3% revenue growth in the last twelve months.
Michael Cueter, Director at Gladstone Investment, said the acquired company has "set itself apart through innovative, customized perimeter security solutions that address complex, site-specific challenges."
Global GRAB specializes in systems that help prevent unauthorized vehicle access to protected areas and facilities, addressing growing concerns around public safety and infrastructure protection.
David Dullum, President of Gladstone Investment, stated the acquisition aligns with the company’s investment strategy of seeking businesses that can generate stable income for dividends to shareholders while offering potential for capital appreciation.
Gladstone Investment operates as a publicly traded business development company that focuses on equity and secured debt investments in lower middle market businesses, particularly during acquisitions, changes in control, and recapitalizations.
The company did not disclose additional financial details about the transaction in its announcement.
In other recent news, Gladstone Investment Corporation reported its first-quarter 2025 earnings, surpassing analyst expectations with an earnings per share (EPS) of $0.26, exceeding the projected $0.2337. The company’s revenue also outperformed forecasts, reaching $27.55 million against the anticipated $24.38 million. In addition to its financial results, Gladstone Investment announced a new sales agreement to issue up to $75 million of common stock, involving several sales agents like M&T Securities and Oppenheimer & Co. Inc. This agreement is part of the company’s at-the-market offering program. Furthermore, Gladstone Investment has financially backed the acquisition of Sun State Nursery & Landscaping, LLC, in partnership with Everglades Equity, LLC, providing senior secured debt and equity. This strategic move aligns with the company’s focus on growth and expansion. The recent developments highlight the firm’s continued efforts to enhance its portfolio and generate income for shareholders.
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