Gladstone Capital Corporation (NASDAQ: GLAD) invested $7.0 million through a combination of debt and equity investments to support Taglich Private Equity LLC's acquisition of Lignetics, Inc.
Founded in 1983 and headquartered in Sandpoint, ID, Lignetics manufactures and distributes branded wood pellets from its three U.S. production facilities. The pellets are a renewable fuel for home and industrial heating, animal bedding under its "EZ Equine" brand, moisture absorption products used in fluid management in the energy production industry, and firelogs and fire starters through its "Pres-to-Logs" brand.
Line of Credit
Senior Term Loan
Gladstone Capital Corporation (NASDAQ: GLAD) invested $11.25 million through a combination of debt and equity to support a private equity sponsor's investment in WadeCo Specialties Inc.
Founded in 2005 and headquartered in Midland, TX, WadeCo provides production well chemicals to oil well operators used for corrosion prevention; separating oil, gas and water once extracted; bacteria growth management; and conditioning water utilized for hydraulic fracturing. WadeCo bases its individualized treatment programs on the unique characteristics of each well.
Overview Gladstone Capital Corporation (NASDAQ:GLAD) is one of The Gladstone Companies' family of publicly traded investment funds, which currently total approximately $1.4 billion of assets under management. The Gladstone Companies have a long history of middle market investing in both private equity sponsored and owner operated businesses. The firm was founded in 2001 on the basic principles that teamwork, dedication and experience are essential ingredients to be able to deliver added value financing solutions and support its investments as a financial partner.
Investment Focus GLAD's investment focus is to deliver debt capital to established domestic businesses with attractive fundamentals in the lower middle market. We support private equity sponsors and management teams with capital for growth, acquisitions and recapitalization opportunities. By leveraging GLAD's industry experience and an attentive lower middle market focus, we are able to deliver customized debt capital solutions using a combination of senior, unitranche, second-lien and subordinated debt and equity co-investments.