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Stock impact report

Gladstone Investment Corporation (GAIN) Expands Energy Exposure with Rowan Energy Acquisition [Yahoo! Finance]

Gladstone Investment Corporation - Business Development Company (GAIN) 
Last gladstone investment corporation - business development company earnings: 2/4 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.gladstoneinvestment.com
Company Research Source: Yahoo! Finance
On December 12, Gladstone Investment Corporation (NASDAQ:GAIN) announced the acquisition of Rowan Energy, Inc., along with Xyresic Capital. Gladstone Investment provided senior secured debt and the majority of the equity to complete the deal. Rowan is based in Oklahoma City, Oklahoma. It operates in the US oil and gas services space. The company focuses on advanced frac sand filtration, completion equipment deployment, and field operations support. In practical terms, this is the kind of behind-the-scenes work that keeps drilling and completion projects moving on schedule. Christopher Lee, Senior Managing Director of Gladstone Investment, made the following statement: “Rowan's commitment to delivering outstanding solutions for its customers has been central to its impressive growth. We are proud to invest in a business that has set the standard for success in its sector and see tremendous growth potential ahead. Further, we are thrilled to expand our relationship with Xyresic.” Show less Read more
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