Based in Keene, NH, The Mountain (www.themountain.com) is a leading provider of premium quality, bold artwear apparel serving a diverse global customer base. Operating out of four primary locations, the Company pioneered a unique mottled dye technique and proprietary screen printing processes to build an expansive portfolio of exclusive artwear designs. Since its founding in 1981, the Company has created, dyed and printed all garments in the USA using sustainable practices.
Gladstone (ir.gladstoneinvestment.com, Nasdaq:GAIN) is a publically-traded business development company that makes equity and debt investments in small and medium sized growth-oriented private businesses in the US. Since its founding in 2005, Gladstone has invested in more than 43 transactions across multiple industries including consumer, industrial, information technology and materials
The Mountain Corporation (“The Mountain” or “the Company”) announced that it has been acquired by Gladstone Investment Corporation (“Gladstone”) along with members of The Mountain’s executive management team. This transaction is the successful culmination of an initiative led by Bigelow LLC on behalf of The Mountain to proactively seek out the best new majority shareholder for the Company.
“For over 35 years The Mountain has been at the forefront of sustainable dying and screen printing technology. We have been committed to providing the highest levels of quality, and we look forward to accelerating our capabilities and product depth with the support of Gladstone. Gladstone represents a unique breed of investor that will allow the Company to retain its culture and values while adding enormous resources and expertise to The Mountain for years to come. I’m very excited for our management team members who will become shareholders of The Mountain and lead the Company into this new chapter with the support of Gladstone.” Mike Krinsky, Co-Founder and former Chief Executive Officer The Mountain Corporation
“The Mountain is a very special company that fits perfectly within our investment strategy. The combination of their long history of successful products, such as Three Wolf Moon, alongside the artistic vision for future success is unmatched in the industry. The Mountain has earned an exceptional reputation with customers thanks to its high-quality, eco-friendly approach,” said Dullum. “We appreciate what Mike Krinsky and his management team were able to create; few companies can enjoy such success.” David Dullum, President Gladstone Investment Corporation
Keene, New Hampshire
has been acquired by
The undersigned initiated this transaction
and acted as M+A advisor to
The Mountain Corporation.