Gladstone Investment has acquired Global GRAB Technologies, providing $67.6 million in equity and senior secured debt for the transaction.
Global GRAB, located in Franklin, Tennessee, specializes in perimeter security and hostile vehicle mitigation systems for government and commercial clients.
As a publicly traded business development company, Gladstone Investment focuses on equity and secured debt investments in lower middle-market businesses, particularly in relation to acquisitions and recapitalizations.
KEY QUOTES:
“In a world of increasing threats and growing concerns around public safety, Global GRAB plays a vital role as a trusted partner to both the U.S. Government and the private sector. The team has set itself apart through innovative, customized perimeter security solutions that address complex, site-specific challenges. We’re excited to partner with this talented group as they execute their growth strategy, expand their product portfolio, and strengthen their ability to safeguard public safety and protect critical infrastructure.”
Michael Cueter, Director at 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.”
David Dullum, President of Gladstone Investment
