Gladstone Investment Corporation Expands its Investment in Pyrotek Special Effects via the Acquisition of Unique Pyrotechnic
Rhea-AI Summary
Gladstone Investment (Nasdaq:GAIN) has provided additional capital to support its portfolio company Pyrotek Special Effects in acquiring Unique Pyrotechnic, a live special effects solutions provider in Sweden, Norway, and Denmark. This strategic acquisition expands Pyrotek's global presence, adding offices in Copenhagen, Oslo, and Gothenburg to its existing network in Las Vegas, Nashville, Lititz, Toronto, and New York.
Pyrotek specializes in comprehensive special effects services for the live entertainment industry, offering technical design, permitting, logistics support, and specialized installation services. The acquisition strengthens Pyrotek's ability to provide global solutions to its clients while creating additional value for Gladstone Investment's portfolio.
Positive
- Geographic expansion into Scandinavian markets
- Enhanced global service capabilities
- Strengthened market position in live entertainment industry
- Additional capital investment from GAIN supporting portfolio growth
Negative
- None.
News Market Reaction – GAIN
On the day this news was published, GAIN gained 0.52%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
MCLEAN, VA / ACCESS Newswire / February 26, 2025 / Gladstone Investment Corporation (Nasdaq:GAIN) ("Gladstone Investment") continued its support of portfolio company Pyrotek Special Effects, Inc. ("Pyrotek") through providing additional capital to support the acquisition of Unique Pyrotechnic ("Unique").
Unique designs and delivers live special effects solutions in Sweden, Norway, and Denmark. Pyrotek is a leading provider of special effects services and solutions for the live entertainment industry with a full range of special effects offerings, creative and technical design services, permitting and logistics support worldwide, and specialized installation, setup, and tear down. "Pyrotek is excited to welcome the team at Unique Pyrotechnic to the Pyrotek group. Through this business combination, we are thrilled to now offer our clients truly global solutions and an expanded reach with a network of offices in Las Vegas, Nashville, Lititz, Toronto, New York, Copenhagen, Oslo, and Gothenburg," said Scott Dunlop, CEO of Pyrotek.
Erika Highland, Senior Managing Director of Gladstone Investment, said, "We are pleased to provide continuing support for Pyrotek. This acquisition complements Pyrotek's existing capabilities and furthers our goal of creating value for Pyrotek and the Gladstone Investment portfolio."
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 www.gladstoneinvestment.com.
For Investor Relations inquiries related to any of the monthly dividend paying Gladstone funds, please visit www.gladstone.com.
Forward-looking Statements:
The statements in this press release regarding the longer-term prospects of Gladstone Investment and Pyrotek and its management team, and the ability of Gladstone Investment and Pyrotek 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
View the original press release on ACCESS Newswire
FAQ
What is the strategic significance of Pyrotek's acquisition of Unique Pyrotechnic for GAIN?
How many locations does Pyrotek Special Effects now operate following the Unique Pyrotechnic acquisition?
What services does Pyrotek Special Effects provide in the entertainment industry?
Which markets does the Unique Pyrotechnic acquisition add to Pyrotek's operations?
