NEW YORK--(BUSINESS WIRE)--Graycliff Partners LP, an independent investment firm focusing on middle market private equity and mezzanine investments, today announced it has provided subordinated debt and equity financing to Oberfields, a manufacturer and distributor of concrete masonry and hardscape products. Graycliff’s investment in Oberfields supports the recapitalization of the business to support growth opportunities and the buyout of The Anderson Group LLC.
Headquartered in Delaware, Ohio, Oberfields is a regional manufacturer and distributor of a broad range of concrete masonry and hardscape products, including standard gray and architectural block, segmental retaining walls, pavers, precast products and hardscape and masonry accessories.
“The Oberfields team has built an impressive business - known for innovative, quality products, and its commitment to customers,” said Will Henderson, Managing Director, Graycliff Partners. “We look forward to working with Bruce and his team to position the company for future growth while retaining the reputation of excellent service built over the past 50+ years.”
“Oberfields is pleased and excited to work with Graycliff Partners and we look forward to working with Graycliff to achieve our growth goals together,” said Bruce Loris, President & CEO, Oberfields.
About Graycliff Partners LP
Graycliff Partners is an independent investment firm focusing on middle market private equity and mezzanine investments in the United States and Latin America. Graycliff Partners LP is an SEC-registered investment advisor under the US Investment Advisors Act of 1940, as amended. Since 1991, the Graycliff Partners team, previously operating as HSBC Capital, has invested over $1 billion and completed over 80 transactions. With offices in New York and São Paulo, Graycliff Partners seeks to partner with companies led by strong, entrepreneurial management teams, providing capital for acquisitions, management buyouts, dividend recapitalizations, growth and expansion. For more information about Graycliff Partners visit www.graycliffpartners.com.