RAF Industries Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, RAF Industries has acquired 4 companies.

RAF Industries’ most common sectors for investment arebuilding materials (22%) and construction (11%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (69%) and growth capital (16%). In total, RAF Industries has invested in 13 US states and 2 different countries.

In the last 3 years, RAF Industries has exited 5 companies. The Firm’s most common exit type is trade sale (60%). RAF Industries’ largest (disclosed) exit occurred in 2005 when it sold SmartWool for $82M.

Join Mergr to view RAF Industries’ full profile and discover more middle-market private equity firm investors just like it.

M&A Summary

  • M&A Total Activity34
    • M&A Buy Activity19
    • M&A Sell Activity15
  • Total Sectors Invested 10
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 13
  • M&A Advisors 2

RAF Industries

RAF Industries

50 Monument Road, Suite 303,
Bala Cynwyd, Pennsylvania 19004
United States
(215) 572-0738
www.rafind.com
acquisitions@rafind.com

RAF Industries is a private investment group focused on acquiring manufacturing and service-oriented companies that produce both industrial and consumer products in the US. The company has a preference for businesses with strong management wishing to partner with RAF post-acquisition. For platform acquisitions, RAF generally looks for businesses with at least $5 million in cash-flow. The Firm targets businesses valued from $15 to $150 million. RAF Industries is particularly interested in the areas of building and DIY products, products, and services geared towards enhancing the elderly population's lifestyle, as well as products or services provided to high-end consumers. RAF Industries was formed in 1979 and is based in Bala Cynwyd, Pennsylvania.


Investment Criteria

Sectors of Interest: Apparel/Textiles, Building Materials, Business Services, Construction, Consumer Products, Defense, Distribution, Electronics, Engineering, Environmental, Healthcare Services, Information Technology, Machinery, Manufacturing, Medical Products, Metals/Mining

Target Transaction Types: Buyout (LBO, MBO, MBI), Divestiture, Growth Capital, Secondary Buyout

Geographic Preferences: East US, Midwest US, South US, West US

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA 5 20
Investment Size - -
Enterprise Value 15 150
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.8/yr) # 15 - 2 1 1 - 19
Sell (1.0/yr) # 10 - 2 2 1 - 15
vol $82M $82M
  34

Most Recent M&A

Company Date Value Type
Geo-Solutions, Inc. 2023-11-14 - Secondary Sale
New Kensington, Pennsylvania · www.geo-solutions.com
Automated Systems Design, Inc. 2023-04-01 - Secondary Buyout
Alpharetta, Georgia · www.asd-usa.com
Freedom Medical, Inc. 2022-08-02 - Trade Sale
Exton, Pennsylvania · www.freedommedical.com
Ligchine International Corp. 2022-07-13 - Secondary Buyout
Darien, Wisconsin · www.ligchine.com
Earth Tech, Inc. 2022-04-15 - Trade Sale
Land O'Lakes, Florida · www.earthtech.com
Road Widener LLC 2021-12-01 - Buyout (LBO, MBO, MBI)
Floyds Knobs, Indiana · www.roadwidenerllc.com
Hayabusa Fightwear, Inc. 2021-12-01 - Buyout (LBO, MBO, MBI)
Kingston, Ontario · www.hayabusafight.com
Ferche Millwork, Inc. 2021-09-16 - Trade Sale
Rice, Minnesota · www.ferche.com
Steamist Co., Inc. 2021-07-15 - Trade Sale
Rutherford, New Jersey · www.steamist.com
Advanced Medical Pricing Solutions, Inc. 2017-04-20 - Recapitalization
Phoenix, Arizona · www.amps.com
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Building Materials 1 (11%) - 4 (21%) -
Apparel/Textiles 1 (11%) - 2 (11%) -
Construction - - 2 (11%) -
Consumer Products 1 (11%) - 2 (11%) -
Machinery 2 (22%) - 2 (11%) -
Manufacturing - - 2 (11%) -
Medical Products 1 (11%) - 2 (11%) -
Business Services 1 (11%) - 1 (5%) -
Defense 1 (11%) - 1 (5%) -
Information Technology 1 (11%) - 1 (5%) -
Total 9 - 19 -

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 8 (89%) - 18 (95%) -
  Arizona 2 (22%) - 2 (11%) -
  New Jersey 1 (11%) - 2 (11%) -
  Indiana 1 (11%) - 2 (11%) -
  Pennsylvania - - 2 (11%) -
  Ohio - - 2 (11%) -
  Georgia 1 (11%) - 1 (5%) -
  Connecticut 1 (11%) - 1 (5%) -
  Wisconsin 1 (11%) - 1 (5%) -
  Texas 1 (11%) - 1 (5%) -
  Minnesota - - 1 (5%) -
  Massachusetts - - 1 (5%) -
  Florida - - 1 (5%) -
  Colorado - - 1 (5%) -
Canada 1 (11%) - 1 (5%) -
  Ontario 1 (11%) - 1 (5%) -
Domestic 8 (89%) - 18 (95%) -
Cross-border 1 (11%) - 1 (5%) -
Total 9 - 19 -

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 5 (56%) - 13 (68%) -
Growth Capital 1 (11%) - 3 (16%) -
Secondary Buyout 2 (22%) - 2 (11%) -
Recapitalization 1 (11%) - 1 (5%) -
Total 9 - 19 -

Exits by Deal Type

Type Total # Value
Trade Sale 9 (60%) -
Trade Sale - Public Company 3 (20%) 82M (100%)
Secondary Sale 3 (20%) -
Total 15 $82M

Top M&A Advisors

Financial Deals
Matrix Capital Markets Group
 1
Legal Deals
Dechert
 1

Deal Values

sell # Total
< $100M 1 $82M
TOTAL $82M
Largest SmartWool Corp.
$82M (2005-11-07)

M&A Connections

Deals
Acquired from
Investor(s)
11%
2 (11%)
Exited to
Investor(s)
20%
3 (20%)
Strategic(s)
60%
9 (60%)

Investor Summary

Investor Type

Private Equity Firm

Size

Middle-Market

Established

1979

Specialist/Generalist

Generalist

Leadership

Robert Fox

Chairman & CEO

Richard Horowitz

President & COO

Jeffrey Panarey

Director of Acquisitions

Michael Daly

Vice President & CFO

Andrew Souder

Vice President – Acquisitions

FAQ

When was RAF Industries founded?

RAF Industries was founded in 1979.

What type of investor is RAF Industries?

RAF Industries is a private equity firm.

Where is RAF Industries headquartered?

RAF Industries is headquartered in Bala Cynwyd, Pennsylvania.

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