Gladstone (GAIN) Acquires Channel Technologies in $19.6M Deal
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Gladstone Investment Corporation (Nasdaq: GAIN) reports that on Thursday, December 29, 2011, it invested $19.6 million in a holding company, to acquire Channel Technologies Group, LLC, and Electro-Optical Industries, LLC from the current shareholder group. The investment is a combination of debt and equity in support of the acquisition of Channel Technologies by Blue Wolf Capital and the company's executive management team.
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