In partnership with management and existing owners, The Anderson Group of Bloomfield Hills, Mich., 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.”