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M&A Deal Summary

Gladstone Investment Acquires Proceed

On March 31, 2015, business development company Gladstone Investment acquired business services company Proceed from The Dolan Company for 33M USD

Acquisition Highlights
  • This is Gladstone Investment’s 1st transaction in the Business Services sector.
  • This is Gladstone Investment’s 3rd largest (disclosed) transaction.
  • This is Gladstone Investment’s 9th transaction in the United States.
  • This is Gladstone Investment’s 1st transaction in New York.
Investment Fate
  • Proceed was sold to a consortium of financial buyers in 2023.

M&A Deal Summary
Date 2015-03-31
Target Proceed
Sector Business Services
Buyer(s) Gladstone Investment
Sellers(s) The Dolan Company
Deal Type Divestiture
Deal Value 33M USD

Target

Proceed

New York, New York, United States
Proceed is a provider of appellate support services, specializing in the preparation, filing, and service of appeals in state and federal appellate courts across the United States, as well as select international tribunals, through a team of experienced attorneys, appellate consultants, and appellate paralegals. Proceed was founded in 1938 and is based in New York, New York.

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Buyer(S) 1

Buyer

Gladstone Investment

Investor Investor Investor Investor Investor

Category Business Development Company
Founded 2005
Size Middle-Market
Type Sector Agnostic
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 9 of 32
Sector: Business Services M&A 1 of 5
Type: Divestiture M&A Deals 1 of 3
State: New York M&A 1 of 1
Country: United States M&A 9 of 31
Year: 2015 M&A 1 of 4
Size (of disclosed) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-19 B+T Group

Tulsa, Oklahoma, United States

B+T Group is an engineering, procurement, and construction services company involved in delivering technical services for the wireless industry. The company provides structural engineering and telecommunications services to commercial, industrial and residential industries. B+T Group was founded in 2000 and is based in Tulsa, Oklahoma.

Buy $28M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-08 Precision Southeast

Myrtle Beach, South Carolina, United States

Precision Southeast is an injection molder that designs sophisticated molds and manufactures highly engineered molded plastic products using a variety of resins. Precision Southeast was founded in 1980 and is based in Myrtle Beach, South Carolina.

Buy -

Seller(S) 1

SELLER

The Dolan Company

Minneapolis, Minnesota, United States
Category Company
Sector Business Services
DESCRIPTION

The Dolan Company is a leading provider of necessary business information and professional services to legal, financial and real estate sectors in the United States.

DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2015 M&A 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-01 DataStream Content Solutions

College Park, Maryland, United States

DataStream Content SolutionsLLC provides data and information management solutions.

Buy $21M
Mergr

Solution for

Product

Company

Legal