9/2/2011 12:01:00 AM
NEWS BRIEFS
SBS Industries Acquired By Gladstone Investment Corp.
Dave Dullum
Gladstone Investment Corp. partnered with management to acquire SBS Industries through a capital combination of senior debt, preferred equity and common equity. Terms were not disclosed.
Founded in 1975, Tulsa, OK-based SBS manufactures and distributes specialty fasteners and threaded screw products.
“SBS has an impressive track record of high customer satisfaction, resulting in a competitive advantage, and we look forward to working with the management team as they build on that track record,” said Dave Dullum, president of Gladstone Investment.
Gladstone is a publicly traded business development company that invests in small and mid-sized businesses in the U.S. Web: gladstonecompanies.com ©2011 GlobalFastenerNews.com
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