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$17,700,000


Senior Revolver
Term Loan
Preferred Equity
Common Equity

April 2013

 

Gladstone Investment Corporation (NASDAQ: GAIN) and Pegasus Capital Group in partnership with the management team, provided the capital in support of the acquisition of Jackrabbit, Inc. and its sister company, Dakota Ag Welding.

Jackrabbit, Inc., based in Ripon, California, is a leading manufacturer of nut harvesting equipment which also provides metal cutting and forming services and pruning tower manufacturing through its Dakota division.

For more information on Jackrabbit, Inc., please visit www.jackrabbit.bz.

 

"Gladstone Investment is pleased to partner with both Pegasus and the talented management team at Jackrabbit and Dakota. We look forward to building on the company's iconic brand and long-standing success by continuing to provide top-notch service to our customers and grow the business," said Chris Daniel, Managing Director at Gladstone Investment.

For additional information on this transaction you may contact either David Dullum or Chris Daniel.

THE GLADSTONE COMPANIES
Leaders in private equity, debt and real estate ownership and financing, the Gladstone Companies are a family of public and private investment funds. Our funds as applicable, invest in commercial real estate, farmland, and small and medium-sized companies and provide financing to such businesses across the capital structure, from second lien and mezzanine debt, to equity and real estate financing solutions.

Financing for the Gladstone Companies is provided by four public investment vehicles: Gladstone Capital Corporation (NASDAQ: GLAD), Gladstone Investment Corporation (NASDAQ: GAIN), Gladstone Commercial Corporation (NASDAQ: GOOD), and Gladstone Land Corporation (NASDAQ: LAND).


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