Gladstone Investment Corporation Acquires Educators Resource
December 06 2018 - 8:15AM
Gladstone Investment Corporation (NASDAQ: GAIN) (“Gladstone
Investment”) announced today that on November 30, 2018, it acquired
Educators Resource, Inc. (“Educators Resource” or the “Company”) in
partnership with members of the Company’s executive management
team. Gladstone Investment provided equity and senior secured
debt to complete the transaction.
Educators Resource is a leading wholesale
distributor of school supplies and K-12 supplemental teaching
materials to market leading e-retailers and brick-and-mortar stores
nationwide. The Company offers the broadest array of products in
the market, with over 25,000 SKUs sourced from over 300 suppliers,
ensuring that reseller customers are able to deliver upon an
“endless aisle” experience without the burden of onerous inventory
and fulfillment costs. Additional information can be found at
www.educatorsresource.com.
“Educators Resource is a leader in e-commerce
fulfillment, providing a value-added, turnkey solution to resellers
of supplemental teaching materials. We are excited to partner with
the talented team at Educators Resource and look forward to helping
the Company as it enters its next phase of growth,” said Peter
Roushdy, Managing Director of Gladstone Investment.
Gladstone Investment is a publicly traded
business development company that seeks to make secured 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 Educators Resource and its management team, and the
ability of Gladstone Investment and Educators Resource 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.
SOURCE: Gladstone Investment Corporation
For further information: Gladstone Investment Corporation,
703-287-5893
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