Daily News: December 27, 2012

Gladstone Capital Invests $14 Million in Ag Trucking


Gladstone Capital announced that on Dec. 24, 2012 it invested $14 million through a combination of debt and equity in Ag Trucking. The investment was sponsored by 3.5.7.11 Investments.

“Gladstone Capital is excited about investing in Ag Trucking. The company has a stable business model with many opportunities for growth,” said Chip Stelljes, president of Gladstone Capital.

“This is our first investment with 3.5.7.11 Investments. Its principal, Dale LeFebvre, is an experienced investor with a track record of growing businesses. We look forward to working with him on this and many other transactions,” said John Freal, managing director of Gladstone Capital.

Ag Trucking is a regional food-grade liquid and dry bulk carrier based in Goshen, IN.

Gladstone Capital 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 U.S. businesses.