MCLEAN, Va., Aug. 11, 2011 /PRNewswire/ -- Gladstone
Investment Corporation (Nasdaq: GAIN) (the "Company") announced
today that it invested $28.1 million
in SOG Specialty Knives and Tools, LLC ("SOG"), consisting of debt
and equity. The Company, together with Montlake Capital, The
Mustang Group, Spencer Frazer
(Founder) and Fred Keller (CEO),
provided the capital to support the acquisition of the business
from MCC Capital Partners, LLC. MCC Capital Partners, which
acquired SOG in 2009, is a private equity firm focused on micro and
middle market consumer product companies.
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SOG, which takes its name from the Studies and Observations
Group (the forefathers of the U.S. military's Special Operations
Forces), designs and produces specialty knives and tools for the
hunting/outdoors, military/law enforcement and industrial markets.
SOG is based in Lynnwood,
WA, and employs approximately 60 personnel.
"Gladstone Investment is thrilled to partner with the talented
management team and investor groups as a significant shareholder in
the buyout. We look forward to the continued growth of SOG,
building on the success of the management team over the past few
years," said Dave Dullum, President
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. The Company pays monthly dividends
to its stockholders. Additional information on this
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 SOG and its management team, and the
ability of SOG to grow are "forward-looking statements." These
forward-looking statements inherently involve certain risks and
uncertainties, although they are based on the Company's current
plans that are believed to be reasonable as of the date of this
press release. Factors that may cause the Company's actual results
to differ from these forward-looking statements include, among
others, the duration and effects of current economic instability,
the Company's ability to access debt and equity capital and those
factors listed under the caption "Risk Factors" of the
post-effective amendment of the Company's registration statement on
Form N-2(file No. 333-160720), filed with the SEC on June 17, 2011 (the "Form N-2") and the Company's
Quarterly Report on Form 10-Q for the quarter ended
June 30, 2011, filed with the SEC on
August 1, 2011 (the "Form 10-Q"). The
risk factors set forth in the Form N-2 and Form 10-Q under the
caption "Risk Factors" are specifically incorporated by reference
into this press release. The Company undertakes no obligation to
publicly update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise.
SOURCE Gladstone Investment Corporation
