M&A Deal Summary

RAF Industries Acquires Automated Systems Design

On April 1, 2023, private equity firm RAF Industries acquired business services company Automated Systems Design from Centerfield Capital Partners

Acquisition Highlights
  • This is RAF Industries’ 1st transaction in the Business Services sector.
  • This is RAF Industries’ 18th transaction in the United States.
  • This is RAF Industries’ 1st transaction in Georgia.

M&A Deal Summary
Date 2023-04-01
Target Automated Systems Design
Sector Business Services
Buyer(s) RAF Industries
Sellers(s) Centerfield Capital Partners
Deal Type Secondary Buyout

Target

Automated Systems Design

Alpharetta, Georgia, United States
Automated Systems Design is a provider of design, engineering and project management services specializing in IT, audio/visual and security system installations. Automated Systems Design was founded in 1986 and is based in Alpharetta, Georgia.

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Buyer(S) 1

Buyer

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 19 of 19
Sector (Business Services) 1 of 1
Type (Secondary Buyout) 2 of 2
State (Georgia) 1 of 1
Country (United States) 18 of 18
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-02 Freedom Medical

Exton, Pennsylvania, United States

Freedom Medical is a provider of biomedical rental equipment and related outsourced support services to hospitals and long-term care centers throughout the U.S. The company’s biomedical equipment offerings include critical care equipment, respiratory therapy equipment, patient monitoring equipment, newborn care equipment and specialty beds. Freedom Medical was established in 1996 and is based in Exton, Pennsylvania.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-14 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.

Sell -

Seller(S) 1

SELLER

Centerfield Capital Partners

Indianapolis, Indiana, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 2001
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Centerfield Capital Partners is a private investment firm that provides subordinated debt and equity capital to mid-market companies. Prospective transactions include acquisition financings, management buyouts, shareholder liquidity needs, recapitalizations, corporate divestitures, ESOP financings, and sponsored/unsponsored transactions. Centerfield generally invests in companies with sales of $15 to $100 million and EBITDA of $3 to $15 million. Target sectors include manufacturing, business services, healthcare services, and transportation/distribution. Centerfield will not invest in early stage businesses, turnaround situations, retail, real estate, and finance companies. Centerfield Capital Partners was founded in 2001 and is based in Indianapolis, Indiana.

DEAL STATS #
Overall 41 of 42
Sector (Business Services) 4 of 5
Type (Secondary Buyout) 12 of 13
State (Georgia) 1 of 1
Country (United States) 41 of 42
Year (2023) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-13 EastPoint Sports

Succasunna, New Jersey, United States

EastPoint Sports designs, sources, and distributes indoor and outdoor home recreational products through mass retail and e-commerce channels. The EastPoint Sports family of brands includes Go! Gater, Majik, Rec-Tek, Classic Sport, Narwhal, NHL, HEAD, PENN, Kan Jam, and Pro-Line Tailgating. EastPoint Sports was founded in 2009 and is based in Succasunna, New Jersey.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-17 Curated Events

Raleigh, North Carolina, United States

Curated Events is an event service provider offers the most diverse variety of event products and services, including tenting, linens, fine china, flatware, custom flooring, luxury furnishings, and tables and chairs. Curated Events was founded in 1952 and is based in Raleigh, North Carolina.

Sell -
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