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CONSUMER PRODUCTS & SERVICES | Household / Tools, Lawn & Garden
gostarseed.com

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Founded Year

1920

Stage

Secondary Market | Alive

Total Raised

$9M

About Star Seed

Star Seed is a seed distributor focused on native grasses, wildflowers, forages, cover crops, wheat, and other small grains.

Star Seed Headquarter Location

101 Industrial Ave

Osborne, Kansas, 67473,

United States

800-782-7311

Latest Star Seed News

Gladstone Investment Corporation Exits its Investment in Star Seed

Jan 2, 2019

| Source: Gladstone Investment Corporation MCLEAN, Va., Jan. 02, 2019 (GLOBE NEWSWIRE) -- Gladstone Investment Corporation (NASDAQ: GAIN) (“Gladstone Investment”) announced today the sale of its equity interest and the prepayment of its debt investment in Star Seed, Inc. (“Star Seed”) to Sequel Holdings, L.P on December 21, 2018. As a result of this transaction, Gladstone Investment realized a gain on its equity investment. Gladstone Investment acquired Star Seed in partnership with Broadgate Capital and ZJM Equity in 2013. Star Seed, headquartered in Osborne, KS, is a leading seed distributor focused on native grasses, wildflowers, forages, cover crops, wheat, and other small grains. Through its ability to source a broad array of grasses and flowers, Star Seed has built a leading position in the conservation market in addition to its historical focus on agricultural products. “Gladstone Investment has enjoyed a strong partnership with Star Seed’s management team over the last several years,” said Peter Roushdy, Managing Director of Gladstone Investment. “Star Seed’s deep sourcing relationships, premium seed quality, and quick turnaround have proven to be a winning formula. Eric Woofter, CEO, Bob Hamel, COO, and the entire management team have achieved outstanding results in both growing and transforming the business and we wish them continued success.” “With the sale of Star Seed and from inception in 2005, Gladstone Investment has exited 16 of its management supported buy-outs, generating significant net realized gains on these investments,” said David Dullum, President of Gladstone Investment. “Our strategy and capability as a buyout fund and our investment approach of realizing gains on equity, while generating strong current income during the investment period provides meaningful value to shareholders.” Gladstone Investment Corporation is a publicly traded business development company that seeks to make secured debt and equity investments in lower middle market private businesses in the United States in connection with acquisitions, changes in control and recapitalizations. Additional information can be found at www.gladstoneinvestment.com . For Investor Relations inquiries related to any of the monthly distribution-paying Gladstone family of funds, please visit www.gladstone.com . Forward-looking Statements: The statements in this press release regarding the longer-term prospects of Gladstone Investment and Star Seed and its management team, and the ability of Gladstone Investment and Star Seed to be successful in the future are "forward-looking statements." These forward-looking statements inherently involve certain risks and uncertainties in predicting future results and conditions. Although these statements are based on Gladstone Investment's current beliefs that are believed to be reasonable as of the date of this press release, a number of factors could cause actual results and conditions to differ materially from these forward-looking statements, including those factors described from time to time in Gladstone Investment's filings with the Securities and Exchange Commission. Gladstone Investment undertakes no obligation to update or revise these forward looking statements whether as a result of new information, future events or otherwise, except as required by law. SOURCE:  Gladstone Investment Corporation

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