Gladstone Investment Corporation Acquires ImageWorks Display and Marketing Group, Inc.
November 28 2017 - 4:05PM
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
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