M&A Deal Summary

Montana Silversmiths Acquires Big Sky Carvers

On June 29, 2005, Montana Silversmiths acquired manufacturer Big Sky Carvers from RAF Industries

Acquisition Highlights
  • This is Montana Silversmiths’ 1st transaction in the Manufacturing sector.
  • This is Montana Silversmiths’ 1st transaction in the United States.
  • This is Montana Silversmiths’ 1st transaction in Kansas.

M&A Deal Summary
Date 2005-06-29
Target Big Sky Carvers
Sector Manufacturing
Buyer(s) Montana Silversmiths
Sellers(s) RAF Industries
Deal Type Add-on Acquisition

Target

Big Sky Carvers

Leawood, Kansas, United States
Big Sky Carvers LLC is a designer and manufacturer of nature-themed gift items, including wood sculptures of ducks, fish and bears, and whimsical plush and resin gifts featuring wildlife creatures. Big Sky Carvers sells primarily to specialty gift retailers, tourist attractions, national park gift stores, mass merchants and outdoor equipment and apparel retailers and catalogues.

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Buyer(S) 1

Buyer

Montana Silversmiths

Columbus, Montana, United States
Category Company
Founded 1973
Sector Consumer Products
DESCRIPTION

Montana Silversmiths is a designer, manufacturer, and distributor of accessories, jewelry and lifestyle products. Montana Silversmiths was founded in 1973 and is based in Columbus, Montana.

DEAL STATS #
Overall 1 of 1
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Kansas) 1 of 1
Country (United States) 1 of 1
Year (2005) 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 3 of 15
Sector (Manufacturing) 3 of 3
Type (Add-on Acquisition) 1 of 9
State (Kansas) 1 of 1
Country (United States) 3 of 15
Year (2005) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-07-15 American Millwork

Elkhart, Indiana, United States

American Millwork manufactures and distributes an extensive line of oak, poplar, cherry and maple mouldings and other architectural wood products. The Company's products are marketed primarily to the residential building market through lumber distributors and to the residential remodeling market through DIY mass merchants.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-11-07 SmartWool

Steamboat Springs, Colorado, United States

SmartWool Corp. is a designer, developer, marketer and distributor of premium performance socks, apparel and accessories for men, women and children.

Sell $82M
Mergr

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