Graycliff Partners Announces Investments in Lunada Bay and Mako Steel

Graycliff Partners LP announced it has completed investments in Lunada Bay Corp., a creator and distributor of handcrafted glass, ceramic and concrete tiles, and Mako Steel, Inc., an acknowledged leader in the self-storage construction industry.

Lunada Bay is one of the largest national designers and suppliers of high-end decorative tile for the remodeling and architectural and design markets. Since its inception in 2000, the company has established a well-known and recognized brand name within the industry and among its high-end showroom distribution channels. Graycliff’s unitranche debt investment in Lunada Bay supported Saugatuck Capital’s acquisition of the company. Saugatuck is a Connecticut-based investment firm focused on the lower middle market.

Mako Steel designs, supplies material for, and installs steel buildings for the self-storage industry. Founded in 1993, and headquartered in Carlsbad, CA, the company’s expertise includes single and multi-story self-storage facilities and boat & RV storage facilities. Graycliff’s unitranche debt investment in Mako Steel supported New State Capital Partners’ acquisition of the Company. New State is a private equity firm based in Larchmont, NY.

“We are pleased to support acquisitions for strong sponsors, such as Saugatuck and New State,” said Brian O’Reilly, Managing Director, Graycliff Partners. “These transactions show the creativity, speed and surety of closing of our growing credit platform.”

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.