Graycliff Partners Announces Credit Investment in Metaltec

Graycliff Partners LP has completed a subordinated debt and minority equity co-investment in support of a recapitalization of Metaltec Steel Abrasive Co ("Metaltec"). The recapitalization was led by Lorentzen Investments, Ashland Capital, and Imperial Group.

Headquartered in Canton, MI, Metaltec (www.metaltecsteel.com) is a manufacturer of high and low-carbon steel abrasive products. The company's products, primarily steel shot and steel grit, are utilized in blast cleaning, surface profiling, and other surface preparation and finishing applications. The company has a diverse set of 300+ direct and distribution customers across various end markets including automotive, infrastructure, oil & gas, and general industrial. Metaltec is well positioned in the steel abrasives market and is one of three leading providers in the US.

“This our second deal with Graycliff and we are happy to continue the partnership. They closed their investment quickly and efficiently,” said David Lorentzen. “We look forward to working with them again in the near term.”

About Graycliff Partners LP

Graycliff Partners is an investment firm focused on making lower middle market investments. Through dedicated equity and credit funds, Graycliff seeks to invest in companies led by strong, entrepreneurial management teams, providing capital for acquisitions, management buyouts, recapitalizations, growth and expansion. 

Graycliff Partners’ dedicated credit platform manages over $650 million of committed capital and provides financing solutions to lower middle market companies with $3 million to $25 million of EBITDA.

Graycliff is actively seeking new opportunities to deploy capital via unitranche debt, subordinated debt, or minority equity. Please reach out to anyone on the Graycliff team – we are happy to discuss new potential opportunities.