FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / News / Read News


MB Business Capital Announces $13MM Credit Facility for Oberfields

April 26, 2017, 07:17 AM
Filed Under: Building Supplies

MB Business Capital, a division of MB Financial Bank, N.A., announced it recently provided a new $13 million senior credit facility to Delaware, Ohio-based Oberfields, LLC as part of an acquisition of the company by Graycliff Partners and management.

Founded in 1961, Oberfields is a leading manufacturer and distributor of a broad range of concrete masonry and hardscape products, including architectural block, retaining walls, pavers, precast products and accessories. The Company delivers product throughout Ohio and parts of Indiana, Kentucky, Pennsylvania and West Virginia. MB’s credit facility was used to support the acquisition of Oberfields and to fund capital expenditure and working capital needs going forward.

Graycliff Partners is an independent investment firm focusing on middle market private equity and mezzanine investments in the United States and Latin America. Since 1991, the Graycliff Partners team, previously operating as HSBC Capital, has invested over $1 billion and completed over 80 transactions. With offices in New York and São Paulo, Graycliff Partners seeks to partner with companies led by strong, entrepreneurial management teams, providing capital for acquisitions, management buyouts, dividend recapitalizations, growth and expansion.

“We welcome Oberfields to MB Business Capital.  We value our strong working relationship with the Graycliff team and are excited to assist in the acquisition of this growing Ohio-based company.” says Michael Sharkey, President of MB Business Capital.

“Graycliff and the management team have high expectations for the future growth of Oberfields, both in our core Ohio market and beyond, and feel we have chosen a strong partner in MB Business Capital to help execute those plans”, says Will Henderson, Managing Director of Graycliff Partners.

Week's News

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.