Gladstone Investment Corporation has announced its acquisition of Smart Chemical Solutions, LLC, in partnership with Xyresic Capital. The transaction involves Gladstone Investment providing equity and senior secured debt. Smart Chemical Solutions, based in Midland, Texas, specializes in production chemicals for onshore oil and gas operators. This acquisition aims to support Smart Chemical's growth strategy and product portfolio expansion. Christopher Lee, Senior Managing Director of Gladstone Investment, expressed excitement about partnering with Smart Chemical's team and strengthening ties with Xyresic. David Dullum, President of Gladstone Investment, emphasized the commitment to investing in quality companies that ensure stable income and capital appreciation.
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