Gladstone Investment acquires DHE Computer Systems
- Gladstone Investment completed the acquisition of DHE Computer Systems, a Colorado-based technology solutions provider.
- Financial terms were not disclosed, while Gladstone Investment shares closed at $14.38 after the announcement.
- Gladstone Investment said the deal supports its strategy of investing in founder-led lower middle market companies.
Gladstone Investment Corporation (NASDAQ:GAIN) acquired DHE Computer Systems, LLC, a Centennial, Colorado-based technology solutions provider, using a combination of debt and equity financing to complete the transaction.
The acquisition adds to Gladstone Investment’s portfolio of lower middle market companies, where it provides capital to businesses with established management teams and operating histories.
DHE provides IT products and lifecycle services for state, local government, education and commercial customers, including hardware, software, device configuration, deployment logistics, repair services, warranty support, data recovery and managed services.
Gladstone Investment said the acquisition supports its investment strategy.
Founded as a technology solutions provider, DHE Computer Systems serves organizations requiring IT procurement, deployment and support services, while maintaining its existing leadership team under CEO Dan Hammack.
