MCLEAN, VA, July 02, 2019 (GLOBE NEWSWIRE) -- Gladstone Investment Corporation (NASDAQ: GAIN) announced today that on June 28, 2019, it partnered with Slate Capital Group, LLC, and members of the Company’s executive management in the acquisition of Horizon Facilities Services, LLC. Gladstone Investment provided equity and senior secured debt to complete the transaction.

Headquartered in Allentown, PA, Horizon is a leading provider of outsourced services to the rental car industry under the Managed Labor Solutions brand. Additionally, Horizon provides commercial janitorial services under the Professional Maintenance Co. brand. Horizon partners with its customers through a transaction-based pricing model which enhances customer cost visibility and operational efficiency.

“Horizon’s ability to solve complex staffing and logistical problems for its clients sets Horizon apart from its peers. We are very excited to partner with Slate Capital and the talented team at Horizon and look forward to helping the Company as it enters its next phase of growth,” said Peter Roushdy, Managing Director of Gladstone Investment.

Gladstone Investment is a publicly traded business development company that seeks to make equity and secured debt investments in lower middle market businesses in the United States in connection with acquisitions, changes in control and recapitalizations. Additional information on the transaction can be found at www.gladstoneinvestment.com.

For Investor Relations inquiries related to any of the monthly dividend paying Gladstone funds, please visit www.gladstone.com.