M&A Deal Summary

Menard USA Acquires Earth Tech

On April 15, 2022, Menard USA acquired construction company Earth Tech from RAF Industries

Acquisition Highlights
  • This is Menard USA’s 1st transaction in the Construction sector.
  • This is Menard USA’s 1st transaction in the United States.
  • This is Menard USA’s 1st transaction in Florida.

M&A Deal Summary

Date 2022-04-15
Target Earth Tech
Sector Construction
Buyer(s) Menard USA
Sellers(s) RAF Industries
Deal Type Add-on Acquisition

Target

Earth Tech

Land O'Lakes, Florida, United States
Earth Tech is a soil remediation firm. The company is a multi-generational business completing over 3,000 residential and commercial projects throughout the Southeast United States. Earth Tech’s technical expertise and services include cement and chemical grouting, steel underpinning and vibro-compaction to remedy loose soils in the earth. Earth Tech was established in 1991 and is based in Land O’Lakes, Florida.

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Buyer(S) 1

Buyer

Menard USA

Carnegie, Pennsylvania, United States

Category Company
Sector Construction
DESCRIPTION

Menard USA is a design-build, specialty geotechnical contractor with expertise in ground improvement for sites with poor soils. Combining creative designs and innovative techniques, Menard delivers practical, sustainable solutions that are alternatives to deep foundations. Menard USA is based in Carnegie, Pennsylvania.


DEAL STATS #
Overall 1 of 1
Sector: Construction M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Florida M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2022 M&A 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 13 of 15
Sector: Construction M&A 1 of 2
Type: Add-on Acquisition M&A Deals 8 of 9
State: Florida M&A 1 of 1
Country: United States M&A 13 of 15
Year: 2022 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-01 Road Widener

Floyds Knobs, Indiana, United States

Road Widener makes equipment that industry professionals wish existed. Road Widener was founded in 2007 and is based in Floyds Knobs, Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-13 Ligchine

Darien, Wisconsin, United States

Ligchine is a designer, manufacturer, and marketer of laser-guided boom-operated concrete screeds. The Company produces a diverse range of models under the ScreedSaver banner, and Ligchine’s products provide best-in-class concrete floor flatness and levelness results for its customers. Ligchine was founded in 2007 and is based in Darien, Wisconsin.

Buy -