Gladstone Capital Corporation invests $7 million in Lignetics, Inc.

Mar 27, 2014. /Lesprom Network/. Gladstone Capital Corporation invested $7 million through a combination of debt and equity investments to support Taglich Private Equity LLC's acquisition of Lignetics, Inc., as the company said in the press release received by Lesprom Network.
 
Founded in 1983 and headquartered in Sandpoint, ID, Lignetics manufactures and distributes branded wood pellets from its three U.S. production facilities. The pellets are a renewable fuel for home and industrial heating, animal bedding under its "EZ Equine" brand, moisture absorption products used in fluid management in the energy production industry, and firelogs and fire starters through its "Pres-to-Logs" brand.

"Gladstone Capital appreciates the opportunity to invest in Lignetics, which is one of the largest pellet manufacturing companies in its industry segment. We look forward to working with Taglich and the Lignetics management team to support the continued growth of the business," said John Freal, a Managing Director of Gladstone Capital Corporation.

Gladstone Capital Corporation is a publicly traded business development company that invests in debt and equity securities, consisting primarily of senior term loans, second lien term loans, and senior subordinated term loans in small and medium sized businesses in the United States.