M&A Deal Summary

Igloo Products Acquires Cool Gear International

On January 7, 2015, Igloo Products acquired consumer products company Cool Gear International from RAF Industries

Acquisition Highlights
  • This is Igloo Products’ 1st transaction in the Consumer Products sector.
  • This is Igloo Products’ 1st transaction in the United States.
  • This is Igloo Products’ 1st transaction in Massachusetts.

M&A Deal Summary
Date 2015-01-07
Target Cool Gear International
Sector Consumer Products
Buyer(s) Igloo Products
Sellers(s) RAF Industries
Deal Type Add-on Acquisition

Target

Cool Gear International

Plymouth, Massachusetts, United States
Cool Gear is a designer and manufacturer of innovative hydration bottles and food storage containers which feature patented, embedded freezer gel elements that keep drinks and food cold. The company sells its products to big-box retailers, drug store chains, supermarkets and gift stores in fifteen countries around the world.

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Buyer(S) 1

Buyer

Igloo Products

Katy, Texas, United States
Category Company
Founded 1947
Sector Consumer Products
DESCRIPTION

Igloo Products designs, produces and distributes a wide and sophisticated assortment of branded hard and soft side coolers, beverage containers, outdoor products and related accessories. Igloo Products was founded in 1947 and is based in Katy, Texas.

DEAL STATS #
Overall 1 of 1
Sector (Consumer Products) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1

Seller(S) 1

SELLER

RAF Industries

Bala Cynwyd, Pennsylvania, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1979
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

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.

DEAL STATS #
Overall 10 of 15
Sector (Consumer Products) 3 of 3
Type (Add-on Acquisition) 5 of 9
State (Massachusetts) 1 of 1
Country (United States) 10 of 15
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-01 Disston Precision

Philadelphia, Pennsylvania, United States

Founded in 1865, Disston Precision manufactures highly specialized flat steel products, including valve discs and other replacement parts for compressors and pumps, industrial saw blades for cutting all types of ferrous and non-ferrous metals, and press plates for finishing fiber, plastic and rubber products.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-20 AMPS

Phoenix, Arizona, United States

AMPS provides its services to mid-sized and large employers, health plans, and municipalities to reduce healthcare expenditures without negatively affecting member benefits or health outcomes. AMPS is a national leader in reference based reimbursement, the non-PPO based health plan delivery model that has proven to reduce costs for employers and healthcare plans by 30% or more over conventional PPO options. AMPS also specializes in the review and audit of large healthcare bills prior to payment. AMPS was founded in 2005 and is based in Phoenix, Arizona.

Buy -
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