Gladstone Investment Corporation Invests In Sun State Nursery & Landscaping
Gladstone Investment Corporation (NASDAQ:GAIN) has announced its investment in Sun State Nursery & Landscaping, LLC, partnering with Everglades Equity, LLC. The investment includes senior secured debt and equity components to support the transaction. Sun State, headquartered in Jacksonville, Florida, is a prominent commercial landscaping installation and maintenance provider in the Jacksonville area.
The investment aims to generate both income for dividends to GAIN shareholders and potential long-term capital appreciation through capital gains. The partnership will focus on expanding Sun State's established market presence and supporting its next growth phase, working alongside President Paul Kassab and the existing management team.
Gladstone Investment Corporation (NASDAQ:GAIN) ha annunciato il suo investimento in Sun State Nursery & Landscaping, LLC, in collaborazione con Everglades Equity, LLC. L'investimento comprende componenti di debito senior garantito e capitale azionario per sostenere l'operazione. Sun State, con sede a Jacksonville, Florida, 猫 un importante fornitore di servizi di installazione e manutenzione del paesaggio commerciale nell'area di Jacksonville.
L'investimento mira a generare sia un reddito da dividendi per gli azionisti di GAIN, sia un potenziale apprezzamento del capitale a lungo termine attraverso plusvalenze. La partnership si concentrer脿 sull'espansione della presenza consolidata di Sun State sul mercato e sul supporto della sua prossima fase di crescita, collaborando con il presidente Paul Kassab e il team di gestione esistente.
Gladstone Investment Corporation (NASDAQ:GAIN) ha anunciado su inversi贸n en Sun State Nursery & Landscaping, LLC, en asociaci贸n con Everglades Equity, LLC. La inversi贸n incluye componentes de deuda senior garantizada y capital para respaldar la transacci贸n. Sun State, con sede en Jacksonville, Florida, es un proveedor destacado de instalaci贸n y mantenimiento de paisajismo comercial en el 谩rea de Jacksonville.
La inversi贸n tiene como objetivo generar tanto ingresos para dividendos a los accionistas de GAIN como una posible apreciaci贸n de capital a largo plazo mediante ganancias de capital. La asociaci贸n se enfocar谩 en expandir la presencia consolidada de Sun State en el mercado y apoyar su pr贸xima fase de crecimiento, trabajando junto con el presidente Paul Kassab y el equipo directivo actual.
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Gladstone Investment Corporation (NASDAQ:GAIN) a annonc茅 son investissement dans Sun State Nursery & Landscaping, LLC, en partenariat avec Everglades Equity, LLC. Cet investissement comprend des composantes de dette senior garantie et de capitaux propres pour soutenir la transaction. Sun State, dont le si猫ge est 脿 Jacksonville, en Floride, est un fournisseur majeur de services d'installation et d'entretien paysager commercial dans la r茅gion de Jacksonville.
L'investissement vise 脿 g茅n茅rer 脿 la fois des revenus pour le versement de dividendes aux actionnaires de GAIN et une appr茅ciation potentielle du capital 脿 long terme via des plus-values. Le partenariat se concentrera sur l'expansion de la pr茅sence 茅tablie de Sun State sur le march茅 et soutiendra sa prochaine phase de croissance, en collaboration avec le pr茅sident Paul Kassab et l'茅quipe de direction actuelle.
Gladstone Investment Corporation (NASDAQ:GAIN) hat seine Investition in Sun State Nursery & Landscaping, LLC bekannt gegeben und arbeitet dabei mit Everglades Equity, LLC zusammen. Die Investition umfasst vorrangige besicherte Schulden und Eigenkapitalkomponenten zur Unterst眉tzung der Transaktion. Sun State mit Sitz in Jacksonville, Florida, ist ein f眉hrender Anbieter von gewerblichen Landschaftsbauinstallationen und -wartungen in der Region Jacksonville.
Das Investment zielt darauf ab, sowohl Einnahmen f眉r Dividenden an GAIN-Aktion盲re zu generieren als auch langfristige Kapitalgewinne durch Wertsteigerungen zu erzielen. Die Partnerschaft konzentriert sich darauf, die etablierte Marktpr盲senz von Sun State auszubauen und die n盲chste Wachstumsphase zu unterst眉tzen, in Zusammenarbeit mit Pr盲sident Paul Kassab und dem bestehenden Managementteam.
- Investment expected to generate both dividend income and capital appreciation for shareholders
- Strategic expansion into commercial landscaping sector through an established market leader
- Structured investment combining secured debt and equity components
- None.
Insights
GAIN expands portfolio with Sun State investment, supporting their dividend-focused BDC model while adding landscaping sector exposure.
Gladstone Investment Corporation (GAIN) has expanded its investment portfolio by providing senior secured debt and equity to Sun State Nursery & Landscaping in partnership with Everglades Equity. This transaction represents a typical investment for GAIN, which operates as a Business Development Company (BDC) focused on lower middle market businesses.
Sun State operates in the commercial landscaping sector in Jacksonville, Florida, providing both installation and maintenance services. This sector typically offers relatively stable cash flows through service contracts, particularly in the maintenance segment which can provide recurring revenue 鈥� an attractive feature for income-focused investors.
For GAIN shareholders, this investment aligns with the company's dual strategy of generating current income to support its monthly dividend program while seeking capital appreciation through equity stakes. BDCs like GAIN function essentially as publicly-traded private equity firms, providing investors access to private company investments that would otherwise be unavailable to retail investors.
While the press release doesn't disclose the financial terms of this transaction, GAIN typically targets companies with EBITDA between $3-15 million. The structure involving both debt and equity is consistent with their standard investment approach, where the debt component provides immediate interest income while the equity portion offers long-term appreciation potential.
The partnership with Everglades Equity suggests a co-investment structure, which can help diversify risk in private equity transactions. The investment also adds further sector diversification to GAIN's portfolio, which helps mitigate concentration risk across their holdings.
For context, BDCs must distribute at least 90% of their taxable income to shareholders as dividends to maintain their favorable tax status, making new income-producing investments essential to their business model. This transaction supports GAIN's ability to maintain its dividend program through the income generated from the debt component of the investment.
MCLEAN, VA / / May 23, 2025 / Gladstone Investment Corporation (NASDAQ:GAIN) ("Gladstone Investment") is pleased to announce its investment in Sun State Nursery & Landscaping, LLC ("Sun State"), in partnership with Everglades Equity, LLC. Gladstone Investment provided senior secured debt and equity in support of the transaction
Sun State, based in Jacksonville, Florida, is a leading commercial landscaping installation and maintenance provider in the Jacksonville area. "We are looking forward to working with Everglades, President Paul Kassab, and the team at Sun State to build on the company's established reputation in the Jacksonville market. We look forward to supporting Sun State through its next phase of growth," said Christopher Lee, Senior Managing Director of Gladstone Investment.
"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," said David Dullum, President 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 connection with acquisitions, changes in control, and recapitalizations. Additional information on the transaction can be found at .
For Investor Relations inquiries related to any of the monthly dividend paying Gladstone funds, please visit .
Forward-looking Statements:
The statements in this press release regarding the longer-term prospects of Gladstone Investment and Sun State and its management team, and the ability of Gladstone Investment and Sun State to grow and expand are "forward-looking statements." These forward-looking statements inherently involve certain risks and uncertainties in predicting future results and conditions. Although these statements are based on Gladstone Investment's current plans that are believed to be reasonable as of the date of this press release, a number of factors could cause actual results and conditions to differ materially from these forward-looking statements, including those factors described from time to time in Gladstone Investment's filings with the Securities and Exchange Commission. Gladstone Investment undertakes no obligation to update or revise these forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.
For further information:
Gladstone Investment Corporation, (703) 287-5893
SOURCE: Gladstone Investment Corporation
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