Latest news with #DavidDullum
Yahoo
19-05-2025
- Business
- Yahoo
Gladstone Investment Corporation Acquires Smart Chemical Solutions, LLC
MCLEAN, VA / / May 19, 2025 / Gladstone Investment Corporation (Nasdaq:GAIN) ("Gladstone Investment") is pleased to announce its acquisition of Smart Chemical Solutions, LLC ("Smart Chemical"), along with Xyresic Capital ("Xyresic"). Gladstone Investment provided equity and senior secured debt to complete the transaction. Smart Chemical, based in Midland, Texas, is a leading provider of production chemicals for onshore oil and gas operators. "Smart Chemical is a valuable partner to major energy companies operating throughout the United States. We are very excited to partner with this talented team as it accelerates its growth strategy, expands its product portfolio and strengthens its ability to serve operators across the energy sector. Further, we are thrilled to expand our relationship with Xyresic," said Christopher Lee, Senior Managing Director of Gladstone Investment. "This investment represents our dedication to our ultimate goal of investing in quality companies that will produce stable income for dividends to Gladstone Investment's shareholders, as well as longer-term capital appreciation resulting in capital gains," said David Dullum, President of Gladstone Investment. Gladstone Investment is a publicly traded business development company that seeks to make equity and secured debt investments in lower middle market businesses in connection with acquisitions, changes in control, and recapitalizations. Additional information on the transaction can be found at For Investor Relations inquiries related to any of the monthly dividend paying Gladstone funds, please visit Forward-looking Statements: The statements in this press release regarding the longer-term prospects of Gladstone Investment and Smart Chemical and its management team, and the ability of Gladstone Investment and Smart Chemical 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 update or revise these forward-looking statements whether as a result of new information, future events or otherwise, except as required by law. For further information: Gladstone Investment Corporation, (703) 287-5893 SOURCE: Gladstone Investment Corporation View the original press release on ACCESS Newswire
Associated Press
19-05-2025
- Business
- Associated Press
Gladstone Investment Corporation Acquires Smart Chemical Solutions, LLC
MCLEAN, VA / ACCESS Newswire / May 19, 2025 / Gladstone Investment Corporation (Nasdaq:GAIN) ('Gladstone Investment') is pleased to announce its acquisition of Smart Chemical Solutions, LLC ('Smart Chemical'), along with Xyresic Capital ('Xyresic'). Gladstone Investment provided equity and senior secured debt to complete the transaction. Smart Chemical, based in Midland, Texas, is a leading provider of production chemicals for onshore oil and gas operators. 'Smart Chemical is a valuable partner to major energy companies operating throughout the United States. We are very excited to partner with this talented team as it accelerates its growth strategy, expands its product portfolio and strengthens its ability to serve operators across the energy sector. Further, we are thrilled to expand our relationship with Xyresic,' said Christopher Lee, Senior Managing Director of Gladstone Investment. 'This investment represents our dedication to our ultimate goal of investing in quality companies that will produce stable income for dividends to Gladstone Investment's shareholders, as well as longer-term capital appreciation resulting in capital gains,' said David Dullum, President of Gladstone Investment. Gladstone Investment is a publicly traded business development company that seeks to make equity and secured debt investments in lower middle market businesses in connection with acquisitions, changes in control, and recapitalizations. Additional information on the transaction can be found at For Investor Relations inquiries related to any of the monthly dividend paying Gladstone funds, please visit Forward-looking Statements: The statements in this press release regarding the longer-term prospects of Gladstone Investment and Smart Chemical and its management team, and the ability of Gladstone Investment and Smart Chemical 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 update or revise these forward-looking statements whether as a result of new information, future events or otherwise, except as required by law. For further information: Gladstone Investment Corporation, (703) 287-5893 SOURCE: Gladstone Investment Corporation press release
