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Gladstone Investment Closes on the Acquisition of Extrude Hone LLC

  • Gladstone Investment Corporation (NASDAQ: GAIN) closed on the acquisition of Extrude Hone, an Irwin, Pennsylvania-based company.
  • Extrude Hone provides precision surface-finishing solutions for mission-critical applications in aerospace, automotive, heavy industrial, energy, and other demanding end markets.
  • The acquisition aligns with Gladstone Investment's strategy of partnering with established lower middle market businesses that hold leading positions in specialized industrial niches.
  • Christopher Lee, Executive Vice President of Gladstone Investment, stated the firm is excited to partner with Extrude Hone management to support the company's next phase of growth.
  • David Dullum, CEO and President of Gladstone Investment, expects the acquisition to generate income for dividends & longer-term capital appreciation.
  • Gladstone Investment is a publicly traded business development company that makes equity & secured debt investments in lower middle market businesses in the United States.