Graycliff Partners has made a mezzanine investment in Naumann Hobbs Material Handling Inc. Phoenix, Ariz.-based Naumann is a material handling equipment distributor and aftermarket service provider. Graycliff provided an undisclosed amount of subordinated debt financing in support of a recapitalization of the company.
Graycliff Partners (“Graycliff”) 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 leading middle market investment firm, was founded in November 2011 by the former management team of HSBC Capital, the US 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.
About Graycliff Partners LP
Graycliff Partners is an independent investment firm focusing on middle market private equity and mezzanine investments in the United States and Latin America. Graycliff Partners LP is an SEC-registered investment advisor under the US Investment Advisors Act of 1940, as amended. 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, recapitalizations, growth and expansion. For more information about Graycliff Partners visit www.graycliffpartners.com.
About Naumann Hobbs
Naumann Hobbs is a full service material handling dealership that leases, sells and services a variety of electric and internal combustion forklifts and other commercial products. The company operates along five lines of business which work together to provide the most attractive value proposition in this sector in the southwestern United States.