Sources: The Anderson Group, LLC, Bloomfield Hills, Mich.; CP staff
Anderson Group has expanded Columbus, Ohio-based Oberfield’s, LLC’s stake as one of the Midwest’s leading concrete masonry and landscape unit operators, acquiring block producers Wellnitz Co., Columbus, and Wilson Concrete Products, Dayton. The transactions net a production facility, plus broader customer base and market penetration.
“The Wellnitz and Wilson add-ons will position Oberfields for continued growth, profitability and market expansion, and is a prime example of our dedication to the success of the company,” says Anderson Group Partner Barry Shapiro, adding that the firm is committed to growing portfolio companies organically and via add-on acquisitions.”
Anderson Group entered concrete masonry last year in partnership with Oberfield’s owners. The firm utilizes an operationally focused investment trategy to target opportunities in middle-market-sized niche manufacturing distribution and service-based businesses. It continues to seek add-on investment opportunities to strengthen long-term partnerships in concrete block and landscape products, plus electronic gaming equipment; engineered sheet metal manufacturing; home textiles, food processing; and, power and communication infrastructure.