Business
Peapack Private Investment Banking Advises Super Stud Building Products, Inc. and Affiliates on the Sale to EB Metals, Inc.
BEDMINSTER, NJ - (NewMediaWire) - March 18, 2024 - Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC), the holding company for
About this update from Peapack-gladstone Financial Corporation
[{"type":"text","content":"BEDMINSTER, NJ - (NewMediaWire) - March 18, 2024 - 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. \nRay 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.\n \nRay 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.\"\n \nEstablished 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 tha...