Sources: Graycliff Partners LP, New York; CP staff
Graycliff Partners, an independent investment firm focusing on middle market private equity transactions, has provided subordinated debt and equity financing to Delaware, Ohio-based Oberfields, a key regional player in concrete masonry and hardscape products, including standard gray and architectural block, segmental retaining walls, pavers, and precast products, plus related accessories. The investment supports the recapitalization of the company, led by President and CEO Bruce Loris, and buyout of another principal, Anderson Group LLC.
“The Oberfields team has built an impressive business—known for innovative, quality products, and its commitment to customers,” says Graycliff Managing Director Will Henderson. “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-plus years.”