Peapack Private Investment Banking Advises Super Stud Building Products, Inc. and Affiliates on the Sale to EB Metals, Inc.
March 18 2024 - 3:25PM
via NewMediaWire – Peapack-Gladstone Financial Corporation (NASDAQ
Global Select Market: PGC), the holding company for
Peapack-Gladstone Bank and its Investment Banking division, Peapack
Private Investment Banking, is pleased to announce its
participation in the transition of Super Stud Building Products
Inc. and affiliates, owned and operated by Ray Frobosilo, Sr., to
EB Metals Inc. and affiliates. The financial terms of the
sale were not disclosed.
Ray Frobosilo, Sr. and his family are recognized as industry
pioneers in manufacturing and diverse offerings of cold-formed
steel framing components, hollow metal doors and frames, and
accessories for the use in the construction of commercial,
institutional, and residential structures. EB Metals Inc.,
another highly successful business, was the perfect fit to create
an enterprise that will have an expanded product offering and
enhanced service capabilities, operating from manufacturing sites
along the East Coast in Alabama, New Hampshire, New Jersey, and
Mississippi. Super Stud and EB Metal’s commitment to quality
products, prompt service, and technical engineering resources
ensures unmatched building product solutions that meet the needs of
some of the most complex projects in the building industry.
Ray Frobosilo, Sr. said, “Ryan Filion, the CEO of EB Metals, has
extensive knowledge of the drywall distribution marketplace and
will help leverage a wider distribution of our product line.
I’m confident Ryan’s stewardship will continue the same commitment
to excellence in serving our customers that we’ve practiced for
over 50 years.”
Established in 2019, Peapack Private Investment Banking works
collaboratively to assist business owners in navigating smoothly
through unique complex financial strategies, and takes pride in
providing leadership expertise and advice with every transaction
and interaction. The team provides a full-range of corporate
advisory services and direct lending solutions to middle-market
companies and their owners across all industry sectors. This
deal represents another successful transaction in the building
materials industry for Peapack Private Investment Banking.
“Being able to stand by our clients as they grow, and then help
them realize the value of the business they built over many years
and help them to manage that wealth for generations, defines the
service model we provide. We are proud to represent Ray with
this significant event and look forward to watching the legacy he
built over the past 50 plus years shine under the stewardship of EB
Metals,” said Eric H. Waser, Executive Vice President, Head of
Investment Banking. Eric; Matthew Luczyk, Head of Corporate
Advisory at Peapack Private Investment Banking; and Al Flexon,
Senior Analyst, were integral to the success of this
transaction.
About the CompanyPeapack-Gladstone Financial Corporation
is a New Jersey bank holding company with total assets of $6.5
billion and assets under management and/or administration of $10.9
billion as of December 31, 2023. Founded in 1921,
Peapack-Gladstone Bank is a commercial bank that offers a
client-centric approach to banking, providing high-quality products
along with customized and innovative wealth management, investment
banking, commercial and retail solutions. Peapack Private
offers comprehensive financial, tax, fiduciary and investment
advice and solutions to individuals, families, privately held
businesses, family offices and not-for-profit organizations, which
help them to establish, maintain and expand their legacy.
Together, Peapack-Gladstone Bank and Peapack Private offer an
unparalleled commitment to client service. Visit
www.pgbank.com and www.peapackprivate.com for more information.
Contact: Rosanne Schwab, Peapack-Gladstone Bank, Vice
President, Public Relations and Corporate Communications Manager,
500 Hills Drive, Suite 300, Bedminster, NJ 07921
rschwab@pgbank.com, (908) 719-6543.
- Peapack-Gladstone Financial Corporation
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