WINFIELD, Kan. -- (BUSINESS WIRE) -- Galaxy Tool Holding Corporation, a portfolio company of Gladstone Investment Corporation (“Gladstone Investment”), announced that Daniel A. Grafton has joined its board of directors and that of its subsidiary Galaxy Technologies Corporation (“Galaxy”). Grafton also serves as Chairman of the board for both Trustmark Corporation and Trustmark National Bank. He is a retired President of L-3 Communications Vertex Aerospace LLC (a provider of aviation and aerospace services).
“The Galaxy team continues to execute its vision and achieve significant growth within the Aerospace and Defense segment. Grafton brings a very unique combination of leadership skills, strategic thinking and relevant aerospace experience to the table. He will be a tremendous asset for our board,” said Dave Dullum, President of Gladstone Investment.
“Dan’s depth of experience in the aerospace and defense markets, along with his proven leadership skills and financial services acumen, will make him an invaluable advisor to Galaxy as it pursues new opportunities,” stated Ed Boyington, Galaxy President and Chief Executive Officer.
Galaxy Technologies is a major supplier for the design, manufacturing and assembly of production tooling for aerospace, defense and plastic markets. Major customers include Boeing, AEC, Spirit Aerosystems, Northrup Grumman, Lockheed Martin, Rubbermaid and Coleman. Gladstone Investment is the majority shareholder of Galaxy’s parent company, Galaxy Tool Holding Corporation. Gladstone Investment Corporation is a publicly traded business development company that seeks to make debt and equity investments in small- and mid-sized businesses in the U.S. in connection with acquisitions, changes in control and recapitalizations.