Graycliff Partners Announces Credit Investment in Newair

Graycliff Partners LP announced it has completed a unitranche investment and minority equity co-investment in support of Guardian Capital Partners’ recapitalization of AW Industries, LLC (“Newair”).

Headquartered in Cypress, CA, Newair is a branded consumer products company developing smart design small and medium-size appliances. The Company sells primarily through eCommerce channels to a diversified customer base of leading online retailers. Newair was founded with a mission to be the most trusted brand in compact appliances through providing high quality products and high levels of customer satisfaction. Graycliff’s unitranche facility and minority equity co-invest supported the investment in the company by Guardian Capital Partners, a private equity firm based outside of Philadelphia. Guardian is partnering with the Newair executive management team, who will continue to operate the Company.

“Graycliff is excited to partner with Guardian Capital Partners and a very entrepreneurial team that has built a great company,” said Brian O’Reilly, Managing Director, Graycliff Partners. Troy Iskarpatyoti, Vice President, added, “Newair is well positioned to benefit from the tremendous tailwinds in the eCommerce market, and Graycliff looks forward to working with management and Guardian to support this growth.”

“We are excited to have Graycliff as our financing partner. Throughout the process, their team was thoughtful and flexible, and was able to close according to our expedited timeline,” said Ryan Northington, Partner, Guardian Capital. “We look forward to working with them on future transactions.”

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 $40 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.