Investment Summary

Cobalt Capital Exits Pyrotek Special Effects

On November 22, 2024, business development company Gladstone Investment invested in business services company Pyrotek Special Effects from Cobalt Capital

Investment Highlights
  • This is Gladstone Investment’s 4th transaction in the Business Services sector.
  • This is Gladstone Investment’s 1st transaction in Canada.
  • This is Gladstone Investment’s 1st transaction in Ontario.

Investment Summary

Date 2024-11-22
Target Pyrotek Special Effects
Sector Business Services
Investor(s) Gladstone Investment
Sellers(s) Cobalt Capital
Deal Type Secondary Buyout

Target

Pyrotek Special Effects

Markham, Ontario, Canada
Pyrotek Special Effects is a provider of special effects services and solutions for the live entertainment industry with a full range of special effects offerings, creative and technical design services, permitting and logistics support worldwide, and specialized installation, setup, and tear down. Pyrotek Special Effects is based in Markham, Ontario.

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Investor(S) 1

DESCRIPTION

Gladstone Investment Corporation is a business development company focused on partnering with profitable lower middle-market companies in the manufacturing, consumer products, and business services sectors. The Firm looks for profitable businesses throughout the US where it can invest equity/debt capital of up to $75 million. Gladstone Investment Corporation was formed in 2005 and is based in McLean, Virginia.


DEAL STATS #
Overall 26 of 31
Sector: Business Services M&A 4 of 5
Type: Secondary Buyout M&A Deals 3 of 5
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2024 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-24 Counsel Press

New York, New York, United States

Counsel Press is a provider of preparing, filing, and serving appeals in state and federal appellate courts nationwide and several international tribunals through its experienced staff of attorneys, appellate consultants and appellate paralegals. Counsel Press was founded in 1938 and is based in New York City.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-16 Ricardo Defense

Troy, Michigan, United States

Ricardo Defense is a global niche specialists in designing vehicle engineering solutions that improve safety and reduce fossil fuel usage and carbon emissions. Ricardo Defense's capabilities are focused on leveraging cutting-edge technical knowledge to create safety-critical vehicle systems and software solutions that protect those who willingly put their lives on the line, both home and abroad, to keep us safe. Ricardo Defense is based in Troy, Michigan.

Buy $85M

Seller(S) 1

SELLER

Cobalt Capital

Oakville, Ontario, Canada

Category Private Equity Firm
Founded 2005
Size Small
Type Sector Agnostic
DESCRIPTION

Cobalt Capital is a smaller private equity firm focused on investing in profitable businesses located in the US and Canada. Cobalt prefers businesses with sustainable competitive advantages and growth potential. Cobalt's target investment size is $2 to $5 million in businesses with at least $5 million in annual sales. The Firm will consider investments in a wide range of industries and situations including minority positions, but will not invest in real estate, primary resources, public companies, or start-ups. Cobalt Capital was founded in 2005 and is based in Oakville, Ontario.


DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-23 Pyrotek Special Effects

Markham, Ontario, Canada

Pyrotek Special Effects is a provider of special effects services and solutions for the live entertainment industry with a full range of special effects offerings, creative and technical design services, permitting and logistics support worldwide, and specialized installation, setup, and tear down. Pyrotek Special Effects is based in Markham, Ontario.

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