A Blank Rome team represented Gladstone Investment Corporation (Nasdaq: GAIN), a publicly traded business development company focused on middle-market companies, in its recent acquisition of Ricardo US Holdings, Inc. (“Ricardo”), along with its co-sponsor, Proteus Enterprises, LLC. The acquisition was publicly announced in early December 2024 and closed on December 31, 2024.
Headquartered in Troy, Michigan, Ricardo, along with its subsidiaries, is a leading engineering services and systems firm known for developing vehicle engineering and product solutions for the U.S. Department of Defense (including its military programs). For more information on this transaction, please read the press release: Gladstone Investment Corporation Acquires the Ricardo Defense Business.
The Blank Rome team was led by Emanuel Faust, Adam R. Seiden, Nora E. Tidey, Spencer C. Ebach, James D. Kelly, and Gabrielle C. Phillips, with significant support from Joseph T. Gulant, Aria V. Janiszewski, David A. Gilbert, Justin Chiarodo, Samarth Barot, Amanda C. DeLaPerriere, Anthony Rapa, Rachel D. Evans, Alexander S. Perry, Megan R. Wood, Brooke T. Iley, Carmen F. Francella, III, Jennifer J. Daniels, Karen H. Shin, Margaret A. Hill, Michael A. Kadlec, Stephen M. Pennartz, Hannah K. Ahn, and Ivy M. Shapiro.
