Gladstone Investment Corporation Acquires the Ricardo Defense Business
Gladstone Investment (NASDAQ:GAIN) has announced its acquisition of Ricardo Defense Systems, and Ricardo Defense, Inc. (RDI), along with Proteus Enterprises The transaction was financed through a combination of equity and senior secured debt provided by Gladstone Investment.
RDI, headquartered in Troy, Michigan, specializes in engineering services and systems integration, focusing on Department of Defense fleet modernization and maintenance solutions. The acquisition is expected to generate both dividend income for shareholders and long-term capital appreciation through capital gains.
The deal adds RDI as a portfolio company to Gladstone Investment's assets, with plans to expand the company's established presence and continue delivering innovative solutions to its customers under the leadership of President Chet Gryczan and the RDI team.
Gladstone Investment (NASDAQ:GAIN) ha annunciato l'acquisizione di Ricardo Defense Systems e di Ricardo Defense, Inc. (RDI), insieme a Proteus Enterprises. La transazione è stata finanziata attraverso una combinazione di capitale e debito senior garantito fornito da Gladstone Investment.
RDI, con sede a Troy, Michigan, è specializzata in servizi di ingegneria e integrazione di sistemi, con un focus sulla modernizzazione della flotta e sulle soluzioni di manutenzione per il Dipartimento della Difesa. Si prevede che l'acquisizione genererà sia reddito da dividendi per gli azionisti che un apprezzamento del capitale a lungo termine attraverso guadagni in conto capitale.
Questo accordo aggiunge RDI come compagnia portafoglio agli asset di Gladstone Investment, con piani per espandere la presenza consolidata dell'azienda e continuare a fornire soluzioni innovative ai suoi clienti sotto la guida del Presidente Chet Gryczan e del team RDI.
Gladstone Investment (NASDAQ:GAIN) ha anunciado su adquisición de Ricardo Defense Systems y Ricardo Defense, Inc. (RDI), junto con Proteus Enterprises. La transacción fue financiada a través de una combinación de capital y deuda senior asegurada proporcionada por Gladstone Investment.
RDI, con sede en Troy, Michigan, se especializa en servicios de ingeniería e integración de sistemas, centrándose en la modernización de flotas y soluciones de mantenimiento para el Departamento de Defensa. Se espera que la adquisición genere tanto ingresos por dividendos para los accionistas como una apreciación del capital a largo plazo a través de ganancias de capital.
Este acuerdo añade a RDI como una empresa de cartera a los activos de Gladstone Investment, con planes de expandir la presencia establecida de la compañía y continuar ofreciendo soluciones innovadoras a sus clientes bajo el liderazgo del presidente Chet Gryczan y el equipo de RDI.
글래드스톤 투자 (NASDAQ:GAIN)는 리카르도 방위 시스템 및 리카르도 방위 주식회사 (RDI), 그리고 프로테우스 엔터프라이즈를 인수했다고 발표했습니다. 이번 거래는 글래드스톤 투자가 제공한 자본과 선순위 담보 부채의 조합을 통해 자금이 조달되었습니다.
RDI는 미시간주 트로이에 본사를 두고 있으며, 방위부 플릿 현대화 및 유지보수 솔루션에 중점을 둔 엔지니어링 서비스와 시스템 통합을 전문으로 합니다. 이번 인수는 주주들에게 배당 소득을 창출하고 장기적으로 자본 이득을 통한 자본 감사를 기대하고 있습니다.
이번 거래는 RDI를 글래드스톤 투자 포트폴리오의 회사로 추가하며, 회사의 확고한 존재감을 확대하고 Chet Gryczan 사장과 RDI 팀의 지도 아래 고객에게 혁신적인 솔루션을 지속적으로 제공할 계획입니다.
Gladstone Investment (NASDAQ:GAIN) a annoncé son acquisition de Ricardo Defense Systems et de Ricardo Defense, Inc. (RDI), ainsi que de Proteus Enterprises. La transaction a été financée par une combinaison de fonds propres et de dettes sécurisées de premier rang fournies par Gladstone Investment.
RDI, dont le siège est situé à Troy, Michigan, est spécialisée dans les services d'ingénierie et l'intégration de systèmes, se concentrant sur la modernisation des flottes et les solutions de maintenance pour le Département de la Défense. L'acquisition devrait générer à la fois des revenus de dividendes pour les actionnaires et une appréciation du capital à long terme grâce aux gains en capital.
L'accord ajoute RDI en tant qu'entreprise de portefeuille aux actifs de Gladstone Investment, avec des plans pour étendre la présence établie de l'entreprise et continuer à fournir des solutions innovantes à ses clients sous la direction du président Chet Gryczan et de l'équipe RDI.
Gladstone Investment (NASDAQ:GAIN) hat die Akquisition von Ricardo Defense Systems und Ricardo Defense, Inc. (RDI) sowie Proteus Enterprises angekündigt. Die Transaktion wurde durch eine Kombination aus Eigenkapital und durch Gladstone Investment bereitgestellter vorrangiger gesicherter Schulden finanziert.
RDI mit Sitz in Troy, Michigan ist auf Ingenieurdienstleistungen und Systemintegration spezialisiert und konzentriert sich auf die Modernisierung und Wartung von Flotten für das Verteidigungsministerium. Es wird erwartet, dass die Übernahme sowohl Dividendeinkommen für die Aktionäre als auch langfristige Kapitalgewinne durch Kapitalzuwächse generieren wird.
Der Deal fügt RDI als Portfoliounternehmen zu den Vermögenswerten von Gladstone Investment hinzu, mit Plänen, die etablierte Präsenz des Unternehmens auszubauen und weiterhin innovative Lösungen für die Kunden unter der Leitung von Präsident Chet Gryczan und dem RDI-Team anzubieten.
- Strategic acquisition in the defense sector with established DoD contracts
- Expected to generate both dividend income and capital appreciation for shareholders
- Acquisition funded through a combination of equity and secured debt, indicating financial flexibility
- Acquisition price and financial terms not disclosed
- Integration risks with existing portfolio
Insights
RDI's focus on fleet modernization and maintenance represents a stable revenue stream due to the DoD's consistent budget allocations for military readiness. The acquisition aligns with GAIN's business model of generating both current income through dividends and potential capital appreciation.
Defense contractors with established DoD relationships typically maintain steady cash flows due to long-term contracts and high barriers to entry. This acquisition should provide GAIN with predictable income streams to support its dividend payments while offering upside through potential contract expansions.
The retention of President Chet Gryczan suggests operational continuity, important for maintaining existing DoD relationships and contract performance. Fleet modernization programs typically span multiple years, providing visibility into future revenue streams.
The partnership with Proteus Enterprises could enhance RDI's capabilities in systems integration, potentially leading to expanded contract opportunities. In the defense sector, such capabilities are increasingly valuable as military vehicles become more technologically sophisticated. The timing aligns with increased defense modernization budgets and the military's focus on maintaining technological superiority.
The structure of the deal, using both equity and senior secured debt, helps manage risk while maintaining potential for upside. GAIN's track record in dividend payments (
The lower middle market focus allows GAIN to acquire companies at attractive valuations while providing growth capital and operational expertise. This strategy has historically provided both income stability and capital appreciation potential for shareholders. The defense sector's relative immunity to economic cycles adds a defensive element to GAIN's portfolio.
MCLEAN, VA / ACCESSWIRE / January 2, 2025 / Gladstone Investment Corporation (NASDAQ:GAIN) ("Gladstone Investment") is pleased to announce its acquisition of Ricardo Defense Systems, LLC and Ricardo Defense, Inc. (collectively, "RDI"), along with Proteus Enterprises LLC. Gladstone Investment provided equity and senior secured debt to complete the transaction.
RDI, based in Troy, Michigan, is an engineering services and systems integration firm focused on helping Department of Defense customers solve technical hurdles to modernizing, managing, and maintaining the fleet. "We are looking forward to working with Proteus, President Chet Gryczan and the team at RDI to build on the company's established presence and to continue bringing innovative solutions to its customers," said Christopher Lee, Senior Managing Director of Gladstone Investment.
"We are thrilled to be adding another quality portfolio company to Gladstone Investment's assets through this acquisition, as we expect it to produce both income for dividends to shareholders and longer-term capital appreciation for capital gains," said David Dullum, President of Gladstone Investment.
Gladstone Investment is a publicly traded business development company that seeks to make equity and secured debt investments in lower middle market businesses in connection with acquisitions, changes in control, and recapitalizations. Additional information on the transaction can be found at www.gladstoneinvestment.com.
For Investor Relations inquiries related to any of the monthly dividend paying Gladstone funds, please visit www.gladstone.com.
Forward-looking Statements:
The statements in this press release regarding the longer-term prospects of Gladstone Investment and RDI and its management team, and the ability of Gladstone Investment and RDI to grow and expand are "forward-looking statements." These forward-looking statements inherently involve certain risks and uncertainties in predicting future results and conditions. Although these statements are based on Gladstone Investment's current plans that are believed to be reasonable as of the date of this press release, a number of factors could cause actual results and conditions to differ materially from these forward-looking statements, including those factors described from time to time in Gladstone Investment's filings with the Securities and Exchange Commission. Gladstone Investment undertakes no obligation to update or revise these forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.
For further information: Gladstone Investment Corporation, (703) 287-5893
SOURCE: Gladstone Investment Corporation
View the original press release on accesswire.com
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