Graycliff Partners LP

2024 was an exciting year for Graycliff's Private Equity team! This past year, we: ? Acquired 2 new platform investments - Diamond Chemical Company, Inc. and Boss Industries, LLC ? Realized 4 investments - Electro-Mechanical, Ballymore Safety Products, ingredients PLUS, and Landmark Structures ? Activated 2 funds - Graycliff Private Equity Partners V and GCP Ascend ? Welcomed 4 new team members - Will DeBruyn, Nick Watson, Jason Caporrino, and Taylor Catarozoli We look forward to an equally successful 2025 - reach out to Duke Punhong or Ryan Supple to see how we can work together. Read our full 2024 year in review here > https://icont.ac/50YOj

We are pleased to announce that our portfolio company, Republic Electric Company LLC, has combined with T.F. Ehrhart Company, creating one of the largest HVAC equipment distributors in the Midwest. “This merger is a natural fit,” said Todd Wade, CEO of Republic. “By combining our resources and expertise, we can offer customers expanded product availability, deeper technical support, and enhanced logistics.” With over 150 years of combined industry experience, Republic and TFE look forward to leveraging their shared supplier networks and regional reach to drive continued growth. “This partnership provides the scale and reach for Republic to accelerate its expansion,” said Brandon Martindale, Partner at Graycliff. “We are excited that the fantastic team at T.F. Ehrhart is joining us to achieve these growth objectives while continuing to deliver the exceptional service and expertise that Republic’s customers rely on.” Read the full announcement here > https://lnkd.in/esgPuW_n

We are pleased to announce that our portfolio company, Republic Electric Company LLC, has combined with T.F. Ehrhart Company, creating one of the largest HVAC equipment distributors in the Midwest. “This merger is a natural fit,” said Todd Wade, CEO of Republic. “By combining our resources and expertise, we can offer customers expanded product availability, deeper technical support, and enhanced logistics.” With over 150 years of combined industry experience, Republic and TFE look forward to leveraging their shared supplier networks and regional reach to drive continued growth. “This partnership provides the scale and reach for Republic to accelerate its expansion,” said Brandon Martindale, Partner at Graycliff. “We are excited that the fantastic team at T.F. Ehrhart is joining us to achieve these growth objectives while continuing to deliver the exceptional service and expertise that Republic’s customers rely on.” Read the full announcement here > https://lnkd.in/esgPuW_n

We are pleased to announce we have completed a unitranche debt and minority equity investment in Guidewell Education, a Sacramento, CA-based provider of best-in-class college admissions counseling, test prep, academic tutoring, and other educational services for students in the US and UK.?The investment will be used to help Guidewell continue to execute on its growth strategy across the educational ecosystem. “We are excited to welcome Graycliff at this pivotal stage in Guidewell Education’s growth,” said Billy Downing, Guidewell Education CEO and Sacramento native. “Our partnership with Graycliff underscores our commitment to our mission of serving students worldwide with empathy and expertise." Troy Iskarpatyoti, Principal, commented, “We have long admired Billy and his team at Guidewell Education. They are addressing a significant need in the educational services sector, and we believe our expertise will support their management team during this period of substantial growth." Read the full announcement here > https://lnkd.in/ggNndb_K

We are pleased to announce we have completed a subordinated debt and equity co-investment in support of Lion Equity Partners' acquisition of Global Compression Services, a wholly owned subsidiary of Warren Equipment Company. Headquartered in Midland, TX, Global Compression Services is a leading distributor of OEM and aftermarket parts and components for reciprocating natural gas engines and compressors. “We are excited to partner with Lion Equity and the GCS team on this transaction, and we look forward to supporting the continued growth of the business, now as a standalone operation,” said Frank Cacace, Managing Director, Graycliff Partners. Read the full announcement here > https://lnkd.in/eWvbDQmE

We are pleased to announce our acquisition of Boss Industries, LLC, a leader in power take-off and engine driven air technology offering a full line of vehicle-integrated air compressors, generators, spray coating applications, and vapor recovery systems. We plan to pursue organic and inorganic growth alongside new and existing customers, while pioneering new product development to meet existing and new market demands. Andrew Trigg, Managing Partner at Graycliff, commented, “Boss is a great industrial products business that clearly serves an important place in the market as a partner to some of the largest vehicle upfitters and fleet managers in North America. We are thrilled to partner with Todd and his team and be part of the impressive growth trajectory at Boss.” Todd Hudson, President and CEO of Boss, added, “I’m excited about the prospects for Boss and the partnership with the team at Graycliff, who have been steadfast in their commitment to maintaining our culture of innovative engineering and customer-focused product development.” Read the full announcement here > https://lnkd.in/espZ9-dH

We are pleased to announce the sale of Landmark Structures to Cerberus Capital Management. Landmark has achieved impressive growth since we acquired the business in 2022. We supported key investments in people, systems, and equipment aimed at driving growth, increasing capacity, and improving operational efficiency. These initiatives enabled Landmark to capitalize on the strong demand for water storage solutions in key geographies marked by aging infrastructure and continued population expansion. We also completed strategic M&A, guiding the company through the acquisition and integration of a specialized tank coatings business that helped to double Landmark’s aftermarket repair and maintenance services business. “Graycliff proved to be a reliable, trustworthy partner whose resources and strategic direction significantly helped to accelerate our growth,” said Chris Lamon, Landmark’s CEO. “With Graycliff’s support, we’ve built a strong foundation upon which to continue to expand our product and service offerings. We are looking forward to partnering with Cerberus to further grow the company in the years to come.” Read the full announcement here: https://lnkd.in/ejDsYNzj

We are pleased to announce the sale of Landmark Structures to Cerberus Capital Management. Landmark has achieved impressive growth since we acquired the business in 2022. We supported key investments in people, systems, and equipment aimed at driving growth, increasing capacity, and improving operational efficiency. These initiatives enabled Landmark to capitalize on the strong demand for water storage solutions in key geographies marked by aging infrastructure and continued population expansion. We also completed strategic M&A, guiding the company through the acquisition and integration of a specialized tank coatings business that helped to double Landmark’s aftermarket repair and maintenance services business. “Graycliff proved to be a reliable, trustworthy partner whose resources and strategic direction significantly helped to accelerate our growth,” said Chris Lamon, Landmark’s CEO. “With Graycliff’s support, we’ve built a strong foundation upon which to continue to expand our product and service offerings. We are looking forward to partnering with Cerberus to further grow the company in the years to come.” Read the full announcement here: https://lnkd.in/ejDsYNzj

We are pleased to announce we have completed a unitranche debt investment and equity co-investment alongside Brookside Capital Partners in support of LP First Capital's acquisition of REI Utility Services, a provider of joint-use management services to electric distribution co-operatives in Texas. "We are pleased to partner with LP First Capital and REI on this transaction," said Frank Cacace, Principal, Graycliff Partners. "The company has built an exceptional track record of serving its co-op clients and will continue to play an important role as it grows its service coverage area and offerings over the next several years." Read the full announcement here> https://lnkd.in/eHDTNAFz

We are pleased to announce our partnership and investment in Diamond Chemical Company, Inc., a manufacturer of cleaning and sanitation chemicals serving hospitality, food service, commercial laundry, and other end-markets. Harold Diamond, President and CEO of Diamond, commented, “As a third-generation family-owned business, it was important to find a financial partner that understood our history and our vision. Graycliff’s approach of providing strategic guidance while allowing us to continue to operate the business and retain our culture resonated with us. We are excited to leverage their experience to take Diamond to our next phase of growth.” “Diamond is a premier player within the cleaning chemicals market and has built an impressive base of loyal customers,” added Andrew Trigg. “We are thrilled to partner with Harold and his team and be part of Diamond’s impressive growth trajectory.” Graycliff and management plan to pursue growth in new and existing markets, complementing Diamond’s current offering with new products, geographies and end markets. Read the full announcement here > https://lnkd.in/e7HKGnMb