Gladstone Investment Corporation sold Alloy Die Casting Corporation to Perella Weinberg Partners.

Gladstone Investment Corporation sold Alloy Die Casting Corporation, a leading provider of value-added manufacturing and supply-chain solutions, to Perella Weinberg Partners. Financial terms were not disclosed. “With the sale of ADC and from inception in 2005, Gladstone Investment has exited 19 of its management supported buy-outs, generating significant net realized gains on these investment exits in aggregate,” said David Dullum, President of Gladstone Investment. “Our strategy and capability as a buyout fund with our investment approach of realizing gains on equity, while generating strong current income during the investment period, provides meaningful value to shareholders.”