on Gladstone Investment Corporation (NASDAQ:GAIN)
Gladstone Investment Corporation Acquires Pyrotek Special Effects
Gladstone Investment Corporation (NASDAQ:GAIN) announced the acquisition of Pyrotek Special Effects, Inc. on November 22, 2024. The acquisition involved collaborating with Scott Dunlop, Pyrotek's President and CEO, to provide equity and senior secured debt. Dunlop will continue his leadership roles.
Pyrotek is a prominent provider of special effects services for the live entertainment sector, offering a comprehensive range of services including creative design, logistics support, and specialized installations. Their clients include major music, entertainment, and sports entities globally.
Erika Highland, Senior Managing Director of Gladstone Investment, expressed enthusiasm for the partnership with Pyrotek, emphasizing the company's strong market legacy. David Dullum, President of Gladstone Investment, highlighted the acquisition as a significant portfolio addition expected to yield income and capital appreciation.
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