Graycliff Partners completed a new mezzanine investment in Naumann Hobbs Material Handling, Inc. on December 10, 2012. Headquartered in Phoenix, AZ, Naumann Hobbs is a leading full-service material handling equipment distributor and aftermarket service provider. Graycliff provided subordinated debt financing in support of a recapitalization of the company.

Graycliff, a middle-market investment firm, was founded in November 2011 by the former management team of HSBC Capital, the U.S. and Latin American private equity investment group at HSBC.

Graycliff will continue its mezzanine investment strategy in Graycliff Mezzanine II, LP by partnering with profitable mid-sized businesses providing capital for acquisitions, management buyouts, recapitalizations, growth and development. The firm invests in US businesses with revenues of less than $100 million primarily in the manufacturing, distribution and service sectors.