Gladstone Capital Invests $14 Million in Ag Trucking

December 28, 2012

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Gladstone Capital Corp. announced that on Dec. 24 it invested $14 million through a combination of debt and equity in Ag Trucking Inc. The investment in Ag Trucking was sponsored by Investments.

Ag Trucking, led by CEO Tim Boehlke, is a regional food-grade liquid and dry bulk carrier based in Goshen, Ind. The company was founded in 1978.

Ag Trucking serves large international agricultural and food manufacturing firms out of its five terminals in the Midwest and Southeastern United States.

Ag Trucking's services are critical to their customers' ability to maintain tight production schedules.

Ag Trucking is the second acquisition by Dale LeFebvre, chairman of Investments in less than a year.

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