Gladstone Investment Corporation has invested in Sun State Nursery & Landscaping, in partnership with Everglades Equity.
Sun State, based in Jacksonville, Florida, is a commercial landscaping installation and maintenance provider in the Jacksonville area.
"We are looking forward to working with Everglades, President Paul Kassab and the team at Sun State to build on the company's established reputation in the Jacksonville market. We look forward to supporting Sun State through its next phase of growth," says Christopher Lee, senior managing director of Gladstone Investment.
"We are thrilled to be adding another quality portfolio company to Gladstone Investment's assets through this acquisition, as we expect it to produce both income for dividends to shareholders and longer-term capital appreciation for capital gains," says David Dullum, president of Gladstone Investment.