Gladstone Acquires Alloy Die Casting

Gladstone Acquires Alloy Die Casting

alloy nfGladstone Investment Corporation has invested $16.3 million in a combination of debt and equity to purchase Alloy Die Casting Co. Gladstone Investment’s affiliated company, Gladstone Capital Corporation, participated as a co-investor by providing $7.0 million of debt and equity financing on the same terms as Gladstone Investment.

Alloy Die Casting Co. (ADC) is a manufacturer of finished aluminum and zinc castings for aerospace, defense, aftermarket automotive and industrial applications. ADC provides its customers with engineering support and custom tool design and fabrication as well as in-house machining and finishing capabilities. The company was founded in 1946 and is headquartered in Buena Park, CA (

“Gladstone Investment is excited to partner with ADC’s talented and experienced management team. We look forward to the continued growth of the business and building upon the success of the management team over the past few years,” said Greg Bowie, a Director, Private Finance, of Gladstone Management Corporation, Gladstone Investment’s affiliated investment adviser.

Gladstone Investment Corporation (NASDAQ: GAIN) is a publicly-traded business development company that makes debt and equity investments in US-based small to middle-market businesses. Target investments generally range from $5 million to $30 million in companies with over $3 million in EBITDA. Sectors of interest include light and specialty manufacturing, industrial products, business and government services, media and communications, consumer products and services, healthcare services, transportation, specialty chemicals and energy services. Gladstone is based in McLean, VA with additional offices in New York, Chicago, and Los Angeles (

© 2013 PEPD • Private Equity’s Leading News Magazine • 10-3-13

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