Recapitalization of B+T Group by the Gladstone Companies (Nasdaq:GLAD and Nasdaq:GAIN).
December 19, 2014. B+T Group has recapitalized with a $28 Million investment by Gladstone Capital Corporation (Nasdaq:GLAD) and Gladstone Investment Corporation (Nasdaq:GAIN). B+T was represented in the transaction by Bruce Jones, Matthew Bristow and the ClearRidge team.
B+T Group, headquartered in Tulsa, is a full-service wireless engineering, construction and technical services firm, including Tower Modifications, Structural Analysis, A&E Services, Site Acquisition, DAS/Small Cell Services, Tower Construction. B+T Group has 170 employees in six regional offices across the United States and is licensed and certified to provide engineering services in all 50 states.
The Gladstone Companies are leaders in private equity, debt financing and real estate ownership and financing; a family of public and private investment funds with approximately $1.3 billion invested.
Steve Largent will serve as chairman of the board of B+T Group after an investment by Gladstone Investment Corp. and its affiliate Gladstone Capital Corp. Largent, a former congressman and University of Tulsa and NFL football player, was president of CTIA, a wireless association, for 10 years. “We’re thrilled to be partnering with this talented team at B+T,” said Gladstone Managing Director Kyle Largent, son of Steve Largent. “They’ve built an outstanding business and we look forward to supporting them as they continue to grow.”
“This is a great move for our company,” said Chad Tuttle, CEO and founder of B+T Group. “We’ve experienced tremendous growth the past several years and this partnership with Gladstone and Steve will help us to continue on that path.”