Gladstone Capital Provides Debt and Equity in Management Buyout of EMT Metals
MCLEAN, VA / ACCESSWIRE / October 25, 2021 / Gladstone Capital Corporation (NASDAQ: GLAD) (“Gladstone Capital”) announced that it has completed a senior debt and minority equity investment in support of the management buyout of Engineering Manufacturing Technologies, LLC (“EMT Metals” ).
EMT Metals, headquartered in Endicott, NY, is a precision manufacturer of close tolerance metal components used in a variety of end markets and applications. Since acquiring the company as part of a shareholder group in 2013, President and CEO Jim Kirkwood has managed to grow revenue six-fold over the past eight years by focusing on providing an unmatched level of quality and overall excellence in customer service.
“Our entire organization is extremely pleased to have partnered with Gladstone Capital to support the continued growth and continued success of our business,” said Jim Kirkwood, President and CEO of EMT Metals. “What impressed me most about Gladstone Capital is their proven track record of building and supporting companies like ours to deliver aggressive growth initiatives and improve profitability both organically and through. through targeted strategic acquisitions. Having Gladstone Capital participating not only as a debt provider, but also as an equity partner, demonstrates their commitment and vision of the significant upside potential EMT Metals can then realize. as we embark on our new business. ”
“Under Jim’s leadership, EMT Metals has made significant investments in equipment and the management team, which has enriched the company’s track record of successfully designing and manufacturing highly customized critical metal components for a number of large blue chip clients in a variety of emerging industry sectors, ”said Paul Cobuzzi, director of Gladstone Capital Corporation. “We are delighted to support Jim and the rest of the team as they continue to grow the business through a combination of expanding their in-house production capabilities or potential acquisitions from similar precision manufacturers. ”
About Gladstone Capital Corporation:Gladstone Capital Corporation is a publicly traded business development company that invests in debt and equity securities, consisting primarily of senior and senior secured term loans to lower middle market companies in the United States. Information on the business activities of Gladstone Capital and other Gladstone publicly traded funds can be found at www.GladstoneCapital.comWhere www.GladstoneCompanies.com.
About Engineering Manufacturing Technologies, LLC: Originally founded in 1946, Engineering Manufacturing Technologies, LLC is a leading manufacturer of metal components for diverse end markets. Leveraging a 130,000 square foot manufacturing facility and a full spectrum of high tech manufacturing capabilities, EMT Metals has a long history and outstanding reputation for providing a comprehensive product offering to its customers. .
Investor Relations Investigations: Please visit www.gladstonecompanies.comor + 1-703-287-5893
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Release October 25, 2021
Gladstone Capital Corporation published this content on 25 October 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on October 25, 2021 12:33:05 PM UTC.