MCLEAN, Va., Dec. 22, 2014 (GLOBE NEWSWIRE) -- Gladstone Investment Corporation (Nasdaq:GAIN) ("Gladstone Investment") announced today that on December 19, 2014, it made a $19.6 million investment to recapitalize B+T Group in partnership with B+T Group's management team. Gladstone Investment completed this transaction with its affiliate, Gladstone Capital Corporation (Nasdaq:GLAD), which invested $8.4 million. In addition to the equity capital necessary for the transaction, GAIN and GLAD also provided the debt financing. B+T Group, founded in 2000 and headquartered in Tulsa, OK, is a full-service provider of structural engineering, construction, and technical services to the wireless tower industry for tower upgrades and modifications.
"Gladstone Investment is excited to partner with the talented management team at B+T Group. The company has built an outstanding reputation in the wireless tower industry, and we look forward to supporting the team as they continue to grow that legacy," said Kyle Largent, Managing Director of Gladstone Investment.
Gladstone Investment Corporation is a publicly traded business development company that seeks to make debt and equity investments in small and mid-sized businesses in the United States in connection with acquisitions, changes in control and recapitalizations. Additional information on the transaction can be found at www.gladstonecompanies.com.
For Investor Relations inquiries related to any of the monthly dividend paying Gladstone funds, please visit www.gladstone.com.