Cascadia Capital served as the exclusive financial advisor to Global GRAB Technologies, a portfolio company of Plymouth Growth, on its sale to Gladstone, a publicly traded business development company focused on equity and secured debt investments in middle-market businesses.
Gladstone provided $67.6 million of equity and senior secured debt to complete the transaction, designed to 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,” Brian Cooper, president and COO of Global GRAB, said. “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,” Michael Del Pero, managing director of Cascadia Capital, said. “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.”
