Press Release
January 13, 2025

Holland & Knight Advises Proteus Enterprises in Acquisition of Ricardo Defense Inc.

TYSONS, VA. (January 13, 2025) – Holland & Knight advised Proteus Enterprises in its acquisition of Ricardo Defense Inc., in partnership with Gladstone Investment Corporation (NASDAQ: GAIN). The transaction was announced on January 8.

Maryland-based Proteus Enterprises is a holding company that invests in middle and lower middle-market aerospace, defense and government services businesses.

Holland & Knight's representation of Proteus Enterprises was led by Partners Adam August, Ashley Plemons and Nick Brunero and Associates Cooper Littlejohn and Diana Andrade (M&A), along with Partners Gary Schoenbrun (Tax) and Antonia Tzinova and Associate Caroline Howard (International Trade/CFIUS).

More information on the transaction can be found here.

Recently recognized as the Private Equity Law Firm of the Year by Global M&A Network, Holland & Knight regularly ranks among the leading M&A and private equity law firms in reputable, benchmarking league tables published by Bloomberg, LSEG, Mergermarket, PitchBook and The Deal. Through the HK Deal FlowSM program, Holland & Knight facilitates deal leads for clients and prospective clients by matching acquisition or capital raising opportunities with buyers and investors.

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