Gladstone Investment Corporation acquires Dema Plumbing
DENVER, CO / ACCESSWIRE / July 6, 2022 / Headquartered in Denver, Colorado, Dema Plumbing is the largest plumbing and mechanical systems installation and service provider for single-family homes in Colorado’s Front Range (including Denver, Boulder, Colorado Springs and Fort Collins). Combining quality workmanship, advanced plumbing knowledge and the largest workforce of licensed plumbing professionals in the area, Dema Plumbing provides unmatched service to national builders throughout the Front Range region.
Concurrent with this acquisition, Dema Plumbing will merge with Mai Mechanical, LLC (“Mai”), an existing portfolio company of Gladstone Investment. Based in Denver, Colorado, Mai is a leading provider of plumbing and mechanical services focused on the construction of multi-family homes in the Denver area. “We are very pleased to be working with John and his team at Dema and to continue our relationship with Mai through the formation of a larger platform that is better positioned to continue expanding in Colorado’s Front Range,” said Travis Steele, director of Gladstone Investment .
“We believe these companies are a natural strategic fit as they bring together the largest plumbing and engineering companies serving the single and multi-family homes in the Front Range. We are delighted to partner with this talented team and look forward to helping the company enter its next phase of growth,” said Peter Roushdy, Managing Director of Gladstone Investment.
Gladstone Investment is a public business development firm seeking to make equity and secured debt investments in lower middle market companies in the United States in connection with acquisitions, changes of control and recapitalizations. Additional information on the transaction is available at www.gladstoneinvestment.com.
For investor relations inquiries relating to any of Gladstone’s monthly dividend-paying funds, please visit www.gladstonecompanies.com.
Statements in this press release regarding Gladstone Investment, Dema Plumbing, Mai and their management teams’ longer-term prospects and Gladstone Investment, Dema Plumbing, Mai’s ability to grow and expand are “forward-looking statements.” By their nature, these forward-looking statements involve certain risks and uncertainties in predicting future results and conditions. Although these statements are based on Gladstone Investment’s current plans, which 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 the factors described in the timing currently 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 more information: Gladstone Investment Corporation, 703-287-5893
SOURCE: Gladstone investment company
View source version on accesswire.com:
Released on July 6, 2022