Gladstone Investment Corporation and Slate Capital Group Acquire Horizon Facilities Services
Gladstone Investment Corporation - Business Development Company (GAIN)
Last gladstone investment corporation - business development company earnings: 2/4 04:30 pm
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US:NASDAQ Investor Relations:
ir.gladstoneinvestment.com
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Source: GlobeNewswire
MCLEAN, VA, July 02, 2019 (GLOBE NEWSWIRE) -- Gladstone Investment Corporation (NASDAQ: GAIN) (“Gladstone Investment”) announced today that on June 28, 2019, it partnered with Slate Capital Group, LLC (“Slate Capital”), and members of the Company’s executive management in the acquisition of Horizon Facilities Services, LLC (“Horizon” or the “Company”). Gladstone Investment provided equity and senior secured debt to complete the transaction. Headquartered in Allentown, PA, Horizon is a leading provider of outsourced services to the rental car industry under the Managed Labor Solutions brand. Additionally, Horizon provides commercial janitorial services under the Professional Maintenance Co. brand. Horizon partners with its customers through a transaction-based pricing model which enhances customer cost visibility and operational efficiency. “Horizon’s ability to solve complex staffing and logistical problems for its clients sets Horizon apart from its peers. We are very excited t
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