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BEDMINSTER, N.J., March 18, 2024 (GLOBE NEWSWIRE) — Via NewMediaWire – Peapack Gladstone Financial Corporation, the holding company for Peapack Gladstone Bank and its investment banking division, Peapack Private Investment Banking. NASDAQ Global Select Market: PGC) is pleased to announce its participation in the transition of Super Stud Building Products Inc. and its affiliates to EB Metals Inc. and affiliates, owned and operated by Ray Frobosilo, Sr. Financial terms of the sale were not disclosed.
Ray Hloboshiro Sr. and his family manufacture cold-formed steel frame parts, hollow metal doors and frames, and accessories used in the construction of commercial, institutional, and residential structures and manufacture a wide variety of products. Known as an industry pioneer. His EB Metals Inc., another highly successful company, operates from manufacturing locations along the East Coast in Alabama, New Hampshire, New Jersey, and Mississippi, expanding product offerings and service capabilities. It was perfect for establishing a company that aims to strengthen the. Super Stud and His EB Metal’s commitment to quality products, prompt service, and technical engineering resources ensures unparalleled building product solutions that meet the needs of the building industry’s most complex projects.
Sr. Ray Frobosilo said: “EB Metals CEO Ryan Filion has extensive knowledge of the drywall distribution market and will help us take advantage of broader distribution for our product line. I am confident that we will continue with the same commitment to excellence in serving our customers that we have practiced over the years.”
Founded in 2019, Peapack Private Investment Banking works together to help business owners navigate their unique and complex financial strategies, providing leadership expertise and advice in every transaction and interaction. I take pride in what I do. The team provides a full range of corporate advisory services and direct financing solutions to middle market companies and their owners across all industry sectors. This transaction represents another successful transaction for Peapack Private Investment Banking in the building materials industry. “Our service model is defined by our ability to accompany our clients as they grow, help them realize the value of their businesses over many years, and manage their wealth for generations to come. We are proud to represent Ray at this important event and look forward to seeing the legacy he built over the past 50 years shine under EB Metals’ stewardship.” -Eric H. Wasser, Vice President and Head of Investment Banking. Eric. Matthew Luczyk, Head of Corporate Advisory, Peapack Private Investment Banking. Senior Analyst Al Flexson was integral to the success of this transaction.
About the company
Peapack-Gladstone Financial Corporation is a New Jersey bank holding company with total assets of $6.5 billion and assets under management and/or management of $10.9 billion as of December 31, 2023. Founded in 1921, Peapack-Gladstone Bank is a commercial bank that provides the following services: We take a customer-centric banking approach and deliver high-quality products along with customized and innovative wealth management, investment banking, commercial and retail solutions. Peapack Private provides comprehensive financial, tax, fiduciary and investment advice and solutions to individuals, families, privately held businesses, family offices and nonprofit organizations to help them establish, maintain and grow their legacies. Peapack-Gladstone Bank and Peapack Private work together to provide an unparalleled commitment to customer service. For more information, please visit www.pgbank.com and www.peapackprivate.com.
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Peapack Gladstone Financial Corporation
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