Sanders Industries has sold Alloy Die Casting to Gladstone Investment Corporation and Gladstone Capital Corporation

Lincoln International (“Lincoln”), a leading global middle market investment bank, today announced that Alloy Die Casting Corporation (“ADC” or the “Company”) has been sold to Gladstone Investment Corporation (NASDAQ: GAIN) and Gladstone Capital Corporation (NASDAQ: GLAD).

ADC is a leading turnkey provider of high mix, low volume, custom engineered metal components for a diverse range of end markets, including commercial aerospace, medical, industrial, defense, automotive aftermarket and communications / electronics. The Company serves numerous blue-chip customers, specializing in the manufacturing of complex aluminum and zinc die cast components with intricate designs and shapes that require a high level of precision engineering and manufacturing to tight tolerances.

Lincoln International acted as the exclusive financial advisor to Sanders Industries and ADC, working closely with the Company’s management team and shareholders throughout the sale process. This included providing advisory expertise and managing the preparatory, buyer coordination and contact, due diligence and final negotiation phases of the transaction.

Larry O’Toole, President of Sanders Industries, commented, “Lincoln executed a successful sale process that generated an excellent outcome for Sanders Industries and resulted in a great partner for ADC. Lincoln understood our end markets and our unique position within the die casting industry, and identified the right potential acquirers for the business. Lincoln delivered on its promise of local execution and their entire team was accessible and responsive throughout the process, ensuring a smooth transaction.”

Rick Ginsburg, Executive Vice President and Chief Financial Officer of Sanders Industries, added, “We are pleased that Lincoln was able to leverage its expertise to generate a favorable outcome for ADC’s shareholders, management team and employees.”

About Sanders Industries

Sanders Industries began as a holding company in 1985 when it acquired the assets of Torrance Elastomerics Corporation. Since then, the company has built on the legacies of successful entrepreneurs – expanding through organic growth and through domestic and international acquisitions. Today, Sanders Industries operates specialty polymer and metal manufacturing businesses that create a vast array of products for customers across a broad spectrum of markets. The company is headquartered in Long Beach, California.

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