CHICAGO and CLEVELAND, April 11, 2017 /PRNewswire/ -- Brown Gibbons Lang & Company (BGL) is pleased to announce the sale of Oberfields Holdings, LLC (Oberfields), a portfolio company of The Anderson Group, to Graycliff Partners. BGL's Industrials and Building Products team served as the exclusive financial advisor to Oberfields. Terms of the transaction were not disclosed.
Oberfields is a leading regional manufacturer and distributor of a broad range of concrete hardscape and masonry products, including segmental retaining walls ("SRW"), pavers, architectural block, gray block, precast products, and hardscape and masonry accessories for the residential and commercial construction markets. Oberfields is recognized for its superior product quality and customer service, which has cultivated longstanding relationships with contractors, distributors, and big-box retailers in its local markets. Through ongoing investment, the company has broadened its product offering and distribution footprint to capture a leading market position in Ohio and a growing presence in surrounding states.
Graycliff Partners is an independent investment firm focusing on middle market private equity and mezzanine investments.
Bruce Loris, CEO of Oberfields, said, "BGL did an exceptional job representing our company and shareholders, and we are excited to partner with Graycliff to pursue Oberfields' next stage of growth for our customers and employees." "We wish Oberfields continued success," said Barry Shapiro, partner at The Anderson Group. "The company's strong management team, market position, and continued industry growth forecast a bright future."
About Brown Gibbons Lang & Company
Brown Gibbons Lang & Company is a leading independent investment bank serving the middle market. BGL specializes in mergers and acquisitions advisory services, debt and equity placements, financial restructuring advice, and valuations and fairness opinions, with global industry teams in Business Services, Consumer, Environmental & Industrial Services, Healthcare & Life Sciences, Industrials, and Real Estate. BGL has offices in Chicago, Cleveland, and Philadelphia and real estate offices in Chicago, Cleveland, Irvine, and San Antonio, in addition to Global M&A partner offices in more than 50 countries across 5 continents. BGL is able to deliver to our clients unparalleled access to strategic relationships, investors, and opportunities globally. For more information, please visit www.bglco.com.
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SOURCE Brown Gibbons Lang & Company