M&A Deal Summary

Markel Ventures Acquires Weldship

On October 19, 2011, Markel Ventures acquired distribution company Weldship from RAF Industries

Acquisition Highlights
  • This is Markel Ventures’ 1st transaction in the Distribution sector.
  • This is Markel Ventures’ 2nd transaction in the United States.
  • This is Markel Ventures’ 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2011-10-19
Target Weldship
Sector Distribution
Buyer(s) Markel Ventures
Sellers(s) RAF Industries
Deal Type Add-on Acquisition

Target

Weldship

Bethlehem, Pennsylvania, United States
Weldship Corporation, with facilities in Bethlehem, Pennsylvania and Gainesville, Texas, supplies tube trailers, gas and liquid ISO containers, ground storage assemblies, and CO2 transports to industrial gas manufacturers, their independent distributors and specialty chemical producers. Products are available for lease and sale. Complete retest and rehab capabilities are available at both locations.

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Buyer(S) 1

Buyer

Markel Ventures

Glen Allen, Virginia, United States

Category Company
Founded 2005
Sector Diversified
DESCRIPTION

Markel Ventures owns and operates a family of companies outside the insurance industry, employing nearly 10k+ people across the manufacturing, consumer, business services, financial services, and healthcare sectors.


DEAL STATS #
Overall 2 of 2
Sector: Distribution M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Pennsylvania M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2011 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-06 AMF Bakery Systems

Richmond, Virginia, United States

AMF Bakery Systems is a manufacturer of high speed bakery equipment.

Buy -

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 6 of 15
Sector: Distribution M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 9
State: Pennsylvania M&A 1 of 4
Country: United States M&A 6 of 15
Year: 2011 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-09 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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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-01 Geo-Solutions

New Kensington, Pennsylvania, United States

Geo-Solutions is a provider of highly specialized geotechnical services to the global environmental and civil engineering industries. The company’s environmentally friendly services and technologies assist engineers, consultants, contractors, and site owners by providing cost-effective and practical solutions for difficult soil and groundwater problems. Geo-Solutions was founded in 1996 and is based in New Kensington, Pennsylvania.

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