Gladstone Investment Corp. acquires majority stake in McFarlane Toys

Gladstone Investment Corporation has acquired a majority stake in McFarlane Toys, the action figure company founded by comic book creator Todd McFarlane. The financial terms of the acquisition were not disclosed. Gladstone utilized a combination of debt and equity financing to complete the purchase.

Co-owners Todd McFarlane and Stephen Tetrault will remain involved in the company as shareholders and executives, continuing to participate in strategic decision-making. The investment is intended to support product innovation, expand into new collectible categories, develop strategic licensing partnerships, and drive growth in both domestic and international markets, including Mexico and Latin America.

Founded in 1994, McFarlane Toys is recognized for its high-detail figures, beginning with the Spawn franchise. The company’s catalog has since expanded to include characters from films, video games, and sports, holding licenses for brands such as Marvel, DC, Diablo, and Fallout.