Buyout (LBO, MBO, MBI) • Manufacturing

RAF Industries Acquires Bestt Liebco

On January 1, 1983, private equity firm RAF Industries acquired manufacturer Bestt Liebco

Acquisition Context
  • This is RAF Industries’ 1st transaction in the Manufacturing sector.
  • This is RAF Industries’ 1st transaction in the United States.
  • This is RAF Industries’ 1st transaction in Ohio.
Investment Fate
  • Bestt Liebco was sold to a strategic buyer in 1988.

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M&A Deal Summary

Date January 1, 1983
Target Bestt Liebco
Sector Manufacturing
Buyer(s) RAF Industries
Deal Type Buyout (LBO, MBO, MBI)

Target Company

Bestt Liebco

Cleveland, Ohio, United States
Bestt Liebco manufactures quality paintbrushes, rollers, and accessories, which are distributed nationally through specialty paint stores and home centers.
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Buyer Overview 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 Context for Buyer #
Overall 1 of 19
Sector: Manufacturing 1 of 2
Type: Buyout (LBO, MBO, MBI) 1 of 13
State: Ohio 1 of 2
Country: United States 1 of 18
Year: 1983 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1988-01-01 Bestt Liebco

Cleveland, Ohio, United States

Bestt Liebco manufactures quality paintbrushes, rollers, and accessories, which are distributed nationally through specialty paint stores and home centers.

Sell -