Peapack-Gladstone Financial, the holding company for Peapack-Gladstone Bank and its Investment Banking division, Peapack Private Investment Banking, anounced 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.”
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.