MCLEAN, Va., Oct. 15, 2018 (GLOBE NEWSWIRE) -- Gladstone Investment Corporation (NASDAQ: GAIN) made an additional investment into its portfolio company J.R. Hobbs Co – Atlanta, LLC in order to affect the acquisition of Mai Mechanical.

Headquartered in Lawrenceville, GA, J.R. Hobbs is a mechanical solutions company providing design-build HVAC systems and services for multi-family and commercial properties in the Southeast region of the United States.

Based in Commerce City, CO, Mai Mechanical is a leading plumbing and mechanical contractor servicing the Denver market. "We’re extremely excited to partner with the team at Mai Mechanical," said Dave Harper, CEO of J.R. Hobbs. "For over 40 years, Mai Mechanical has serviced its customers with high-quality plumbing and mechanical solutions. We look forward to preserving Mai Mechanical’s legacy and building on the growth they’ve achieved over the past several years."

Gladstone Investment Corporation is a publicly traded business development company that seeks to make secured debt and equity investments in lower middle market private businesses in the United States in connection with acquisitions, changes in control and recapitalizations. Additional information on the transaction can be found at www.gladstoneinvestment.com.