Jackrabbit Receives $17.7M Financing from Gladstone Investment

Jackrabbit, Inc., a Ripon, California-based manufacturer of nut harvesting equipment, received a $17.7m debt and equity financing from Gladstone Investment Corporation (NASDAQ: GAIN).

Santa Monica, CA-based Pegasus Capital Group provided the capital and other resources in support of the acquisition led by newly appointed CEO Bob DeMont and the long-standing management team.

The investment is aimed at continuing to grow the business.

Established in 1981, Jackrabbit manufactures nut harvesting equipment along with its wholly-owned metal cutting and forming, and pruning tower-manufacturing division, Dakota AG Welding.



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