Gladstone Investment Corporation Acquires ImageWorks Display and Marketing Group, Inc.
MCLEAN, Va., Nov. 28, 2017 (GLOBE NEWSWIRE) -- Gladstone Investment Corporation (NASDAQ:GAIN) (“Gladstone Investment”) announced today that on November 21, 2017, Gladstone Investment partnered with members of the executive management team in the acquisition of ImageWorks Display and Marketing Group, Inc. (“ImageWorks”). Gladstone Investment provided equity and secured debt to complete the transaction. Based in Winston-Salem, NC, ImageWorks is a market leading point-of-purchase display provider specializing in the design, engineering and production of custom semi-permanent and permanent displays across a variety of brands and consumer product end markets.
“ImageWorks has an excellent reputation and history as an innovative point-of-purchase display provider and we are excited to partner with management to help the company achieve its next stage of growth,” said David Glazer, Principal of Gladstone Investment’s investment adviser.
Gladstone Investment is a publicly traded business development company that seeks to make debt and equity investments in lower middle market businesses in the United States in connection with acquisitions, changes in control and recapitalizations. Additional information on the transaction can be found at www.gladstoneinvestment.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 Gladstone Investment and ImageWorks and its management team, and the ability of Gladstone Investment and ImageWorks 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 U.S. 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.
SOURCE: Gladstone Investment Corporation
For further information: Gladstone Investment Corporation, 703-287-5893
Released November 28, 2017