Daily News: January 18, 2016

Gladstone Capital Provides Financing to Support Sand Oak Investment


Sand Oak Capital completed an investment in LCR Contractors (LCR). Pinecrest Capital Partners acted as the exclusive financial advisor to LCR on the transaction. Gladstone Capital provided financing to Sand Oak.

Dallas-based LCR specializes in providing spray applied fireproofing and spray thermal insulation services to commercial and residential construction projects.

Sand Oak Capital is a private equity firm that invests in closely held businesses with sustainable competitive advantages and untapped growth potential.

“We are extremely excited about our partnership with LCR,” said Jeff Mizrahi, partner at Sand Oak Capital. “Buddy and Clay Spicer have built an exceptional business addressing a critical safety feature of building construction, renovation, and maintenance. With the strengthening of building codes and increased focus on energy efficiency, LCR is well-positioned for future growth.”