Gladstone Investment Corporation Acquires Global GRAB Technologies

Gladstone Investment Corporation, listed on NASDAQ as GAIN, announced its acquisition of Global GRAB Technologies, Inc. The acquisition involved a total of $67.6 million in equity and senior secured debt.

Global GRAB, based in Franklin, Tennessee, specializes in perimeter security and hostile vehicle mitigation systems, serving government and commercial clients. Michael Cueter, Director at Gladstone Investment, highlighted Global GRAB's role in addressing public safety concerns with innovative security solutions.

David Dullum, President of Gladstone Investment, emphasized the acquisition aligns with their strategy to invest in quality companies for stable income and capital gains. Gladstone Investment targets lower middle-market businesses for equity and secured debt investments.