Greyrock’s Fund I exits its investment in Andrews International a full service provider of security and risk mitigation services. Simultaneously, Greyrock’s Fund II leads a three-party subordinated debt and equity co-investment to support the acquisition of the Company by Audax Group.
Greyrock leads a $16.0 million subordinated debt and equity co-investment to support the acquisition of Novolyte Technologies by Arsenal Capital Partners. Novolyte is a leading manufacturer and supplier of specialty electrolyte materials and high performance solvents for lithium ion battery and energy storage applications. The Company also manufactures a variety of other technically demanding specialty and custom manufactured products for the electronics, pharmaceutical and industrial markets.
Greyrock exits its investment in Brittany Corporation, headquartered in Cleveland, Ohio. Brittany, a multi-divisional industrial holding company with four operating subsidiaries, produces parts used by the automotive, HVAC, electrical and plumbing industries.
Greyrock provides $5.6 million in subordinated debt and equity co-investment to support The Cambria Group’s acquisition of Paragon Products, Inc. Paragon dominates the design, manufacture, and marketing of alternating current (AC) fuel and lube oil pumps used in locomotive engines.
Greyrock Capital Group announces the first close for GCG Investors II, LP, its second independently managed fund.