Gladstone Investment Backs Global GRAB's Acquisition of Barrier1 Systems

Gladstone Investment Corporation··US·Read original
2▲1 ▼0Impact / 5
Summary · why it matters

Gladstone Investment Corporation has provided additional capital to Global GRAB Technologies to support its acquisition of Barrier1 Systems, a U.S. manufacturer of engineered anti-ram vehicle barrier systems. Barrier1, headquartered in Greensboro, North Carolina, was founded in 2006 and makes crash-rated bollards, drop and swing arms, wedge barriers, crash beams and vehicle arrestor net systems for high-security and mission-critical applications. The deal meaningfully expands Global GRAB's portfolio of engineered and crash-rated perimeter security products and adds complementary engineering and U.S.-based manufacturing capabilities, following the recent acquisition of RSSI Barriers. Global GRAB Chief Executive Officer Mark Horne said the combination strengthens the company's ability to serve customers with increasingly complex perimeter security and facility-hardening requirements. Michael Cueter, a Managing Director at Gladstone Investment, called Barrier1 a highly strategic acquisition that brings a well-recognized brand, strong U.S.-based manufacturing and longstanding customer relationships across demanding high-security environments.

Impact on assets 2

Financials▲
Aging Population▲

Off-coverage companies 3

Barrier1 Systemsi
Private▲ PositiveCapitalrelevance

Barrier1 Systems is being acquired by Global GRAB, with Gladstone providing capital for the deal.

Global GRAB Technologiesi
Private▲ PositiveCapitalrelevance

Global GRAB received additional capital from Gladstone to acquire Barrier1 Systems, expanding its perimeter security portfolio.

RSSI Barriersi
Private± Mixedrelevance