Gladstone Capital Corporation Invests in StrataTech Education Group
MCLEAN, Va., July 29, 2015 (GLOBE NEWSWIRE) -- Gladstone Capital Corporation (NASDAQ:GLAD) ("Gladstone Capital") announced today that on July 24, 2015 it made a secured first lien debt investment in StrataTech Education Group ("StrataTech"), a portfolio company of Summer Street Capital Partners ("Summer Street").
StrataTech is the parent company of Tulsa Welding School ("TWS") and The Refrigeration School, Inc. ("RSI"), which are post-secondary skilled trade schools. TWS was founded in 1949 and has campuses in Tulsa, OK, Jacksonville, FL and Houston, TX providing training in welding, pipefitting, HVAC/Refrigeration, and electrical repairs. RSI was founded in Phoenix, Arizona in 1965, and trains individuals to become professional HVAC/Refrigeration technicians.
Gladstone Capital Corporation is a publicly traded business development company that invests in debt and equity securities, consisting primarily of secured first lien and secured second lien term loans in small and medium sized businesses in the United States. The Company has paid 149 consecutive monthly cash distributions on its common stock (and eight consecutive quarterly cash distributions on its common stock prior thereto). Information on the business activities of all the Gladstone funds can be found at www.gladstonecompanies.com.
For Investor Relations inquiries related to any of the monthly dividend paying Gladstone funds, please visit www.gladstone.com.
CONTACT: For further information: Gladstone Capital Corporation, 703-287-5893
Released July 29, 2015