On January 2, McLean, VA-based Gladstone Investment Corporation announced its acquisition of Ricardo Defense Systems, LLC and Ricardo Defense, Inc. (collectively, “RDI”), along with Proteus Enterprises LLC. Gladstone Investment provided equity and senior secured debt to complete the transaction.
RDI, based in Troy, MI, is an engineering services and systems integration firm focused on helping Department of Defense customers solve technical hurdles to modernizing, managing, and maintaining the fleet. “We are looking forward to working with Proteus, President Chet Gryczan and the team at RDI to build on the company’s established presence and to continue bringing innovative solutions to its customers,” said 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,” said David Dullum, president of Gladstone Investment.
Source: Gladstone
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