Gladstone Investment Corporation Acquires Brunswick Bowling Products, Inc. in Partnership With BlueArc Capital and Capitala F...
May 26 2015 - 9:59AM
Gladstone Investment Corporation (Nasdaq:GAIN) ("Gladstone
Investment") announced today that on May 22, 2015, it partnered
with BlueArc Capital ("BlueArc"), Capitala Finance Corporation
("Capitala"), and members of executive management in the buyout of
Brunswick Bowling Products, Inc. ("Brunswick"). Gladstone
Investment provided equity and senior secured debt to complete the
transaction. Brunswick has been a leader in the recreation industry
for more than 165 years. Brunswick was founded in 1845 to make
billiards tables and diversified into bowling products in 1890.
Brunswick provides industry expertise, products, installation and
maintenance for the development and renovation of new and existing
centers as well as mixed-use facilities across the entertainment
industry. Brunswick is the only full-line supplier of bowling
center equipment, supplies and consumer bowling products.
"Brunswick is a brand with an outstanding legacy and the leading
position in its market. We look forward to working with the
management team and our investment partners, BlueArc and Capitala,
to build on that foundation," said Kyle Largent, Managing Director
of Gladstone Investment.
Gladstone Investment Corporation is a publicly traded business
development company that seeks to make debt and equity investments
in small and mid-sized businesses in the United States in
connection with acquisitions, changes in control and
recapitalizations. Additional information on the transaction can be
found at www.gladstonecompanies.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 Brunswick and its management team, and the ability of
Brunswick 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
publicly release the result of any revisions to these forward
looking statements that may be made to reflect any future events or
otherwise, except as required by law.
CONTACT: For further information: Gladstone Investment Corporation, 703-287-5893
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