Gladstone Investment Corporation continued its support of portfolio company Specialized Fabrication Equipment Group with additional debt and equity capital to support its acquisition of CPMT Holdings Corp., and subsidiaries, including Climax Portable Machine Tools. Headquartered in Newberg, Oregon, Climax is a leading designer and manufacturer of portable machine tools, welding systems, and valve testing and repair systems. The products are used for non-discretionary, on-site, high-precision machining of critical infrastructure assets and equipment.
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