MCLEAN, Va., May 09, 2016 (GLOBE NEWSWIRE) -- Gladstone Investment Corporation (NASDAQ:GAIN) (“Gladstone Investment”) announced today that Gladstone Investment, together with the executive management team, acquired The Mountain Corporation (“The Mountain” or the “Company”). Gladstone Investment provided equity and secured debt to complete the transaction. Based in Keene, NH, The Mountain is a designer and manufacturer of premium quality, bold artwear apparel serving a diverse global customer base. The Company pioneered a unique mottled dye technique and proprietary screen printing process to build an expansive portfolio of exclusive artwear designs. Since its founding in 1981, the Company has created, dyed and printed all garments in the USA using sustainable practices.
"We are excited to partner with The Mountain’s talented and experienced management team to build on the Company’s legacy of creative design and high quality production," said Erika Highland, 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.
The statements in this press release regarding the longer-term prospects of The Mountain and its management team, and the ability of The Mountain 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 U.S. Securities and Exchange Commission. Gladstone Investment undertakes no obligation to publicly release the result of any revisions to these forward looking statements that may be made to reflect any future events or otherwise, except as required by law.
For further information: Gladstone Investment Corporation, 703-287-5893
Source:Gladstone Investment Corporation