Gladstone Investment (GAIN) invested an undisclosed amount of senior secured debt and equity in Sun State Nursery & Landscaping in collaboration with Everglades Equity.
"We are thrilled to be adding another quality portfolio company to Gladstone Investment's assets through this acquisition, as we expect it to produce both income for dividends to shareholders and longer-term capital appreciation for capital gains," Christopher Lee, senior managing director of Gladstone, said Friday in a statement.
Jacksonville, Florida-based Sun State provides commercial landscaping installation and maintenance services.
Price: 14.58, Change: -0.04, Percent Change: -0.27
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