On November 21, 2024, Gladstone Investment Corporation (NASDAQ: GAIN), a US-based publicly traded business development company, successfully completed its acquisition of all issued and outstanding shares in the capital of Pyrotek Special Effects Inc.

Headquartered in Toronto, Pyrotek Special Effects Inc. is a leading provider of innovative special effects services and solutions for the live entertainment industry. The company has built a reputation for delivering cutting-edge effects for concerts, stage shows, and live events worldwide.

Gowling WLG advised Gladstone Investment Corporation as Canadian counsel in this cross-border transaction with a team led by Frank Sur and Jason Mullins, and including Ash Gupta (tax), Jordan Epstein (employment), Nelson Godfrey (IP), Ian Macdonald and Elad Gafni (competition and antitrust), Jason Kroft and Crystal Park (banking) and Arielle Fewer.