The Anderson Group Solidifies Oberfields' Market-Leading Position with Acquisitions of Wellnitz Co. and Wilson Concrete Products
BLOOMFIELD HILLS, Mich., Oct. 8, 2012 /PRNewswire/ -- The Anderson Group, LLC, an operationally focused private equity firm, has expanded Columbus, Ohio-based Oberfields, LLC's position as one of the leading producers of concrete masonry and landscape products in the Midwest with the purchase of two masonry product producers, Columbus-based Wellnitz Co. and Dayton-based Wilson Concrete Products.
"The Wellnitz Co. and Wilson Concrete Products add-ons will position Oberfields for continued growth, profitability and market expansion, and is a prime example of our dedication to the success of the company," said Barry Shapiro, partner, The Anderson Group. "The Anderson Group is committed to growing our portfolio companies, both organically and via add-on acquisitions."
Through the acquisitions, Oberfields gained a manufacturing facility, expanded customer base and further market penetration.
The Anderson Group utilizes an operationally focused investment strategy to target opportunities in middle-market sized niche manufacturing, distribution and service-based businesses. The company continues to seek add-on investment opportunities to strengthen its long-term partnerships in the following industries: concrete block and landscape products; slot machines and other electronic gaming equipment; engineered sheet metal manufacturing; home textiles; sausage and other food processing; and power and communications infrastructure.
Founded in 1985, The Anderson Group is an operationally oriented private equity firm that invests its own capital in companies at the lower end of the middle market where Anderson's operating expertise can be leveraged to build shareholder value. Investing its own capital, rather than institutional funding, The Anderson Group is well positioned to partner with companies for long-term growth. For more information about The Anderson Group, visit www.andersongroup.biz.
SOURCE The Anderson Group, LLC