Source: The Anderson Group, Bloomfield Hills, Mich.
In partnership with management and existing owners, Anderson Group has purchased the assets of Columbus, Ohio-based concrete masonry and landscape unit producer Oberfield’s LLC. Principals describe the transaction for the six-plant operator as an out-of-court restructuring of a profitable, but over-leveraged business that had limited access to necessary capital.
Through an operationally focused investment strategy, Anderson Group targets opportunities in middle-market manufacturing, distribution and service-based businesses. The firm, notes Partner Barry Shapiro, will work with the Oberfield’s leadership team “to discover new solutions for its customers, utilizing industry-leading operating capabilities and valuable industry relationships. We believe our capital investment and partnership with management will play a significant role in maintaining the company’s market position and set the stage for growth opportunities as Oberfield’s enters its second 50 years.”
“We find this relationship compelling as we are able to complement [our] legacy of premium products with a strategic and committed partner,” adds CEO Bill Oberfield.