M&A Deal Summary

RAF Industries Acquires MATERIAL Bespoke Stone + Tile

On November 16, 2000, private equity firm RAF Industries acquired building materials company MATERIAL Bespoke Stone + Tile

Acquisition Highlights
  • This is RAF Industries’ 1st transaction in the Building Materials sector.
  • This is RAF Industries’ 3rd transaction in the United States.
  • This is RAF Industries’ 1st transaction in Texas.

M&A Deal Summary
Date 2000-11-16
Target MATERIAL Bespoke Stone + Tile
Sector Building Materials
Buyer(s) RAF Industries
Deal Type Buyout (LBO, MBO, MBI)

Target

MATERIAL Bespoke Stone + Tile

San Antonio, Texas, United States
MATERIAL Bespoke Stone + Tile is a manufacturer and distributor of natural stone tile and hand-carved architectural stone products. The company sells its products to custom homebuilders, architects and designers through its showrooms located in Austin, Dallas, Fort Worth, Houston and San Antonio, TX, Atlanta, GA, Denver, CO, Chicago, Hinsdale, and Vernon Hills, IL, Pasadena, Redondo Beach, and Newport Beach, CA. MATERIAL Bespoke Stone + Tile was established in 1965 and is based in San Antonio, Texas.

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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 3 of 19
Sector (Building Materials) 1 of 4
Type (Buyout (LBO, MBO, MBI)) 3 of 13
State (Texas) 1 of 1
Country (United States) 3 of 18
Year (2000) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-01-01 Purdy

Cleveland, Ohio, United States

Purdy Corporation produces handcrafted painting tools and accessories, which are distributed nationally and internationally through specialty paint stores, hardware stores and home centers.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-01-01 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.

Buy -
Mergr

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