Gladstone Investment buys IT provider DHE Computer Systems
What's the deal? Gladstone Investment CorporationDealroom has a profile for this one. Try Dealroom → (NASDAQ: GAIN) has acquired DHE Computer SystemsDealroom has a profile for this one. Try Dealroom →, a full-service technology solutions provider based in Centennial, Colorado. Gladstone provided both debt and equity financing to complete the transaction. Terms were not disclosed.
What does DHE do? It serves state, local, education, and commercial customers with end-to-end IT products and lifecycle services. Those span hardware, software, device configuration and enrollment, deployment logistics, repair and warranty support, data recovery, and emerging managed services.
What changes? Not much on the ground. DHE's management team, led by chief executive officer Dan Hammack, will keep running the business. Founders Dan and Elena "Annie" Hammack will remain meaningful shareholders alongside Gladstone.
Why it fits: Gladstone said the deal matches its strategy of partnering with founder- and management-owned lower middle market businesses. The goal is stable income for dividends plus longer-term capital appreciation.
The signal: DHE adds another lower middle market platform to Gladstone's portfolio, following recent deals including an agreement to acquire Extrude HoneDealroom has a profile for this one. Try Dealroom → LLC and the $67.6 million acquisition of Global GRAB TechnologiesDealroom has a profile for this one. Try Dealroom →. The pattern points to steady, income-focused consolidation of small US operating businesses — where integration and credit quality are the risks to watch.
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