Growth Capital • Business Services

Everglades Equity and Gladstone Investment Invest In Sun State

On May 23, 2025, private equity firm Everglades Equity and business development company Gladstone Investment invested in business services company Sun State

Investment Context
  • This is Everglades Equity’s 1st and Gladstone Investment’s 5th transaction in the Business Services sector.
  • This is Everglades Equity’s 1st and Gladstone Investment’s 29th transaction in the United States.
  • This is Everglades Equity’s 1st and Gladstone Investment’s 1st transaction in Florida.

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Investment Summary

Date May 23, 2025
Target Sun State
Sector Business Services
Investor(s) Everglades Equity
Gladstone Investment
Deal Type Growth Capital

Target Company

Sun State

Jacksonville, Florida, United States
Sun State is a commercial landscaping installation and maintenance provider serving clients from the Jacksonville area. Sun State is based in Jacksonville, Florida.
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Investors Overview 2

DESCRIPTION

Everglades Equity is a private equity firm focused on majority investments in profitable ($3 to $12 million of EBITDA) lower middle-market companies throughout the US and Canada. Sectors of interest include business services, distribution, food/beverages, industrial services, and niche manufacturing. Prospective transaction situations include buyouts, family-ownership transitions, and corporate divestitures. Everglades Equity is based in Miami, Florida.


Deal Context for Investor #
Overall 1 of 1
Sector: Business Services 1 of 1
Type: Growth Capital 1 of 1
State: Florida 1 of 1
Country: United States 1 of 1
Year: 2025 1 of 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 Context for Investor #
Overall 30 of 32
Sector: Business Services 5 of 5
Type: Growth Capital 2 of 2
State: Florida 1 of 1
Country: United States 29 of 31
Year: 2025 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-05-19 Smart Chemical Solutions

Midland, Texas, United States

Smart Chemical Solutions is a chemical services and fluid logistics company primarily focused on the oil & gas industry. Smart Chemical Solutions is involved in bringing talented group of associates together to provide service to customers. Smart Chemical Solutions was founded in 2008 and is based in Midland, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-07-16 Global Grab

Franklin, Tennessee, United States

Global Grab provides perimeter security and hostile vehicle mitigation systems, serving a range of government and commercial organizations. Global Grab was formed in 1994 and is based in Franklin, Tennessee.

Buy $68M