Gladstone Investment Corporation Acquires Rowan Energy

Core Insights - Gladstone Investment Corporation has acquired Rowan Energy, Inc. along with Xyresic Capital, providing senior secured debt and the majority of equity for the transaction [1][2] Company Overview - Rowan Energy, based in Oklahoma City, is a leading U.S. oil-and-gas services company specializing in advanced frac sand filtration, completion-equipment deployment, and field-operations support [2] - The company has demonstrated impressive growth due to its commitment to delivering outstanding solutions for its customers [2] Investment Rationale - The investment in Rowan aligns with Gladstone Investment's strategy to pursue opportunities that provide reliable dividend income and potential for long-term capital appreciation, aiming for capital gains for shareholders [3] - Gladstone Investment expresses confidence in working with Rowan's management team to realize value creation [3] Business Development Focus - Gladstone Investment is a publicly traded business development company that focuses on making equity and secured debt investments in lower middle market businesses, particularly in connection with acquisitions, changes in control, and recapitalizations [4]