Gladstone Investment Corporation and Slate Capital Group Acquire Horizon Facilities Services
July 02 2019 - 4:05PM
Gladstone Investment Corporation (NASDAQ: GAIN) (“Gladstone
Investment”) announced today that on June 28, 2019, it partnered
with Slate Capital Group, LLC (“Slate Capital”), and members of the
Company’s executive management in the acquisition of Horizon
Facilities Services, LLC (“Horizon” or the “Company”).
Gladstone Investment provided equity and senior secured debt to
complete the transaction.
Headquartered in Allentown, PA, Horizon is a
leading provider of outsourced services to the rental car industry
under the Managed Labor Solutions brand. Additionally, Horizon
provides commercial janitorial services under the Professional
Maintenance Co. brand. Horizon partners with its customers through
a transaction-based pricing model which enhances customer cost
visibility and operational efficiency.
“Horizon’s ability to solve complex staffing and
logistical problems for its clients sets Horizon apart from its
peers. We are very excited to partner with Slate Capital and the
talented team at Horizon 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 equity and secured
debt 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 Horizon and its management team, and the ability of
Gladstone Investment and Horizon 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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