Gladstone Investment Corp. Sells SFEG Holdings for Capital Gain

By Ahmed Jamerson • Wednesday, July 08 16:03 • 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 company said the deal is expected to deliver full repayment of its debt investment and a significant capital gain on its equity stake.

Gladstone said SFEG was built through six acquisitions during its ownership period, expanding the business’s product lineup, customer base and market position in fabrication and welding equipment. The company also said the sale would mark its 31st realized exit from a management-supported buyout investment since inception.

SFEG sells branded specialty equipment for the fabrication and welding industries. Enerpac, the buyer, is an industrial tools and services company that is adding another specialty industrial platform to its portfolio. As a result of these announcements, the company's shares have moved 3.48% on the market, and are now trading at a price of $16.185. For more information, read the company's full 8-K submission here.

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