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Cascadia Capital is pleased to announce it served as the exclusive financial advisor to Global GRAB Technologies (“Global GRAB”, “Company”), a portfolio company of Plymouth Growth, on its sale to Gladstone Investment Corporation (NASDAQ:GAIN), a publicly traded business development company focused on equity and secured debt investments in middle-market businesses.
Headquartered in Franklin, Tennessee, Global GRAB is a leading provider of perimeter security and hostile vehicle mitigation solutions. The Company offers a complete set of turnkey products including proprietary “Less-Than-Lethal” barrier systems and perimeter reinforcement solutions as well as value-added design, fabrication, installation, project management and maintenance services catering to secured facilities and mission critical infrastructure. Global GRAB serves both government and commercial clients across the United States and internationally.
Gladstone Investment Corporation is a diversified investment firm dedicated to partnering with growth-oriented businesses to drive long-term value creation for both shareholders and portfolio companies. Gladstone provided $67.6MM of equity and senior secured debt to complete the transaction, which will strengthen Global GRAB’s ability to expand its market presence, scale operations, invest in new technologies, and pursue M&A opportunities.
“Cascadia’s understanding of our business and the broader perimeter security landscape was invaluable throughout the sale process,” said Brian Cooper, President and COO of Global GRAB. “Their strategic guidance and industry relationships ensured a seamless transaction, delivering a great outcome for Global GRAB, our management team, and our stakeholders. We are looking forward to our new partnership with Gladstone and continuing to drive Global GRAB’s momentum and growth within our industry.”
“Global GRAB is a truly unique business within the broader perimeter security and access control space. We’ve seen a significant increase in interest from investors and capital providers in this sector given the importance of protecting critical infrastructure, both domestically and abroad. This transaction further emphasizes that trend. We are thrilled to have worked with the Global GRAB team on this transaction and excited to watch the Company continue to grow and thrive,” said Michael Del Pero, Managing Director of Cascadia Capital.
This transaction underscores Cascadia Capital’s expertise in advising businesses in the perimeter security and broader access control space and reflects the firm’s continued commitment to delivering exceptional outcomes for its clients.