Hamilton Robinson Capital Partners has made an investment in GrayMatter. No financial terms were disclosed; however, Gladstone Capital Corp provided $9.5 million in debt financing to back the transaction. Based outside Pittsburgh, GM is a provider of operational technologies and industrial IoT consulting services to the manufacturing, water and energy sectors.
MCLEAN, Va., Nov. 29, 2017 (GLOBE NEWSWIRE) — Gladstone Capital Corporation(NASDAQ:GLAD) announced that it has completed a $9.5 million subordinated debt investment in support of Hamilton Robinson Capital Partner’s investment in GrayMatter.
Headquartered outside Pittsburgh, PA, GM is a leading provider of operational technologies (“OT”) and Industrial IoT consulting services to the manufacturing, water and energy industries in North America. GM’s holistic approach to OT includes a wide range of implementation services and software solutions designed to deliver high returns for machine-level automation and digitization projects to both optimize operations and ensure safe and reliable performance for their customers.
“GM has assembled an impressive management team and an unparalleled level of expertise in all aspects of the rapidly growing OT deployments with a top tier customer base to prove it. In addition, Hamilton Robinson’s long-standing investment focus and knowledge of the manufacturing industry and its current challenges make them fantastic partners to help grow GM going forward,” said Laura Gladstone, Managing Director of Gladstone Capital.
About Gladstone Capital
Gladstone Capital Corporation is a publicly traded business development company that invests in debt and equity securities, consisting primarily of secured first and second lien term loans to lower middle market companies in the United States. Information on the business activities of Gladstone Capital and all the Gladstone funds can be found at www.gladstonecompanies.comor call 703-287-5893.
For further information on GrayMatter go to www.graymattersystems.com.