Graycliff Partners, an independent New York 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 components, 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.”
California architectural and structural precast/prestressed leader Clark Pacific has advanced its Design-Manufacture-Build delivery capabilities with the addition of Mickey Ankhelyi, AIA, as director of Architectural Services. He will be based at the company’s West Sacramento headquarters and focus on design-build product innovations to help meet the growing market demand for prefabricated building systems.
Clark Pacific’s third high-profile hire in recent months, Ankhelyi arrives as the producer continues to lead architectural, engineering and construction interests in a paradigm shift from traditional construction methods to the use of off-site prefabricated building systems. He joins Clark Pacific from MG2 where he was Irvine (Calif.) office managing principal. Prior to MG2, he was Opus Group of Companies architectural director, overseeing design and business development services in northern California and Utah. With 20-plus years of experience, Ankhelyi is a registered architect in three states and holds a bachelor’s degree in Architecture from California State Polytechnic University, Pomona, and was one of California’s first 20 LEED Accredited Professionals.
Pennsylvania-based New Enterprise Stone & Lime Co. has filed a notice with the Securities and Exchange Commission to terminate reporting obligations under the Securities Exchange Act of 1934. The aggregate, ready mixed and asphalt producer had previously filed periodic and current reports to comply with the indenture governing its 11 percent Senior Notes due 2018, which was satisfied and discharged in mid-March 2017.
BMC Enterprises Inc., St. Louis, has added to its Missouri aggregates business through the opening of the BMC Stone quarry in High Hill; acquisition of a strategic interest in Base Rock Minerals, LLC, a limestone quarry in Bonne Terre; and, acquisition of Strack Stone Co., a limestone quarry located just north of Cape Girardeau. The latter will operate under the Base Rock Minerals name.
“These acquisitions demonstrate our continued commitment to a sustainable growth strategy,” says BMC Enterprises CEO Nathan McKean. “The pro-business administration in Jefferson City has given us a renewed optimism about the Missouri economy.” The investments, he adds, “will dramatically increase our ability to service our customers with expanded product offerings, and enable the parent company to participate more fully in future transportation and infrastructure investment in the state.”
The three quarries vertically position BMC along the major interstate corridors from its hub in St. Louis Metro. BMC is the parent company of St. Louis ready mixed concrete market leader Breckenridge Materials, and has upward of 40 operations in Missouri and Illinois.