Graycliff Partners invests in Dedoes Industries
Summary
Graycliff Partners, an independent investment firm focusing on middle market private equity and mezzanine investments, has provided subordinated debt and equity financing to Dedoes Industries, a manufacturer of equipment for the automotive refinish market.Graycliffs investment supported the acquisition of the business by Ashland Capital Partners, a Chicago based private investment firm. Headquartered in Walled Lake, MI and founded in 1941, Dedoes products are used by auto refinish shops to mix, shake, proportion, formulate, cure and store both water and solvent based paint. Dedoes represents an attractive investment opportunity given its leading position within its market niche, combined with a stable revenue base tied to the auto aftermarket, says Andrew Trigg, managing partner at Graycliff Partners. We are excited to have the support of both Ashland and Graycliff to assist Dedoes in achieving its next phase of growth, says Dave Pratt, president, Dedoes Industries.