Oberfields Receives Debt and Equity Financing from Graycliff Partners
Summary
Oberfields, a Delaware, Ohio-based manufacturer and distributor of concrete masonry and hardscape products, received a subordinated debt and equity financing from Graycliff Partners LP, an independent investment firm focusing on middle market private equity and mezzanine investments.The amount of the deal was not disclosed.The investment supports the recapitalization of the business to support growth opportunities and the buyout of The Anderson Group LLC.Led by Bruce Loris, President & CEO, Oberfields is a regional manufacturer and distributor of a broad range of concrete masonry and hardscape products, including standard gray and architectural block, segmental retaining walls, pavers, precast products and hardscape and masonry accessories.FinSMEs 09/04/2017