Gladstone Investment Corp. to Sell SFEG Holdings Inc.

By Bobby Samwell • Wednesday, July 08 13:01 • Permanent Link

Gladstone Investment Corp. said its portfolio company SFEG Holdings Inc. has agreed to sell Specialized Fabrication Equipment Group LLC to Enerpac Tool Group Corp.

The deal is expected to give Gladstone Investment full repayment of its debt investment and a significant capital gain on its equity stake.

Gladstone said it supported SFEG through six separate acquisitions, helping expand the company’s product line, customer reach and market position in fabrication and welding equipment. The company said the sale would be its 31st realized exit from a management-supported buyout investment since inception.

SFEG’s business sells branded specialty equipment for the fabrication and welding industries. Gladstone said SFEG was scaled through organic growth and acquisitions under CEO Vinay Varma and President Aidan Tagliaferro. As a result of these announcements, the company's shares have moved 2.43% on the market, and are now trading at a price of $16.02. If you want to know more, read the company's complete 8-K report here.

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