RAF Industries Mergers and Acquisitions Summary

Private Equity Profile

RAF Industries’ most common sectors for investment are building materials (29%) and healthcare services (15%). The Firm’s most common investment types include buyout (lbo, mbo, mbi) (79%) and growth capital (15%). In total, RAF Industries has invested in 11 US states.

The Firm’s most common exit type is trade sale (56%). 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 firms just like it.

M&A Summary

  • M&A Total Activity23
    • M&A Buy Activity14
    • M&A Sell Activity9
  • Total Sectors Invested 9
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 8
  • M&A Advisors 2

RAF Industries

One Pitcairn Place, 165 Township Line Road, Suite 2100,
Jenkintown, Pennsylvania 19046
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 $4 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 Jenkintown, Pennsylvania.


Investment Criteria

Sectors of Interest: Apparel/Textiles, Building Materials, Consumer Products, Defense, Distribution, Engineering, Environmental, Healthcare Services, 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 4 -
Investment Size - -
Enterprise Value 15 150
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 T
Buy (0.2/yr) # 13 - 1 - - - 14
Sell (0.0/yr) # 9 - - - - - 9
vol $82M $82M
  23

Most Recent M&A

Company Date Value Type
Advanced Medical Pricing Solutions, Inc. (AMPS America) 2017-04-20 - Recapitalization
Peachtree Corners, Georgia · www.advancedpricing.com
Cool Gear International LLC 2015-01-07 - Add-on Acquisition
Plymouth, Massachusetts · www.coolgearinc.com
Thirstystone Resources, Inc. 2013-09-13 - Add-on Acquisition
Gainesville, Texas · www.thirstystone.com
Freedom Medical, Inc. 2012-10-22 - Growth Capital
Exton, Pennsylvania · www.freedommedical.com
Pine Environmental Services LLC 2012-08-23 - Secondary Buyout
Windsor, New Jersey · www.pine-environmental.com
Geo-Solutions, Inc. 2012-02-01 - Growth Capital
New Kensington, Pennsylvania · www.geo-solutions.com
Weldship Corp. 2011-10-19 - Add-on Acquisition
Bethlehem, Pennsylvania · www.weldship.com
Cool Gear International LLC 2011-03-09 - Buyout (LBO, MBO, MBI)
Plymouth, Massachusetts · www.coolgearinc.com
Earth Tech, Inc. 2010-02-01 - Buyout (LBO, MBO, MBI)
Land O'Lakes, Florida · www.floridasinkhole.com
Milspray LLC 2008-12-19 - Buyout (LBO, MBO, MBI)
Lakewood, New Jersey · www.milspray.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Materials Marketing, Ltd. 2000-11-16 Direct and Direct Source 2016-03-30 1
San Antonio, Texas · www.mstoneandtile.com Portland, Oregon · www.designanddirectsource.com

M&A by Sector

Sector Current # Value All-time # Value
Building Materials 3 (43%) - 4 (29%) -
Healthcare Services 2 (29%) - 2 (14%) -
Manufacturing - - 2 (14%) -
Apparel/Textiles - - 1 (7%) -
Construction 1 (14%) - 1 (7%) -
Consumer Products - - 1 (7%) -
Defense - - 1 (7%) -
Engineering - - 1 (7%) -
Information Technology 1 (14%) - 1 (7%) -
Total 7 - 14 -

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 7 (100%) - 14 (100%) -
  Pennsylvania 2 (29%) - 2 (14%) -
  New Jersey 1 (14%) - 2 (14%) -
  Ohio - - 2 (14%) -
  Georgia 1 (14%) - 1 (7%) -
  Connecticut 1 (14%) - 1 (7%) -
  Texas 1 (14%) - 1 (7%) -
  Indiana 1 (14%) - 1 (7%) -
  Florida - - 1 (7%) -
  Colorado - - 1 (7%) -
  Minnesota - - 1 (7%) -
  Massachusetts - - 1 (7%) -
Total 7 - 14 -

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 4 (57%) - 11 (79%) -
Growth Capital 2 (29%) - 2 (14%) -
Recapitalization 1 (14%) - 1 (7%) -
Total 7 - 14 -

Exits by Deal Type

Type Total # Value
Trade Sale 5 (56%) -
Trade Sale - Public Company 2 (22%) 82M (100%)
Secondary Sale 2 (22%) -
Total 9 $82M

Top M&A Advisors

Financial Deals
Matrix Capital Markets Group Inc.
 1
Legal Deals
Dechert LLP
 1

Deal Values

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

M&A Connections

Deals %
Exited to
PE Firm(s)
29%
2 29%
Strategic(s)
71%
5 71%

Investor Summary

Size

Middle-Market

Established

1979

Specialist/Generalist

Generalist

Leadership

Robert Fox

Chairman & CEO

Richard Horowitz

President & COO

Andrew Souder

Vice President – Acquisitions

Michael Daly

Vice President & CFO

Jeffrey Panarey

Director of Acquisitions

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