M&A Deal Summary

RAF Industries Acquires MILSPRAY

On December 19, 2008, private equity firm RAF Industries acquired defense company MILSPRAY

Acquisition Highlights
  • This is RAF Industries’ 1st transaction in the Defense sector.
  • This is RAF Industries’ 9th transaction in the United States.
  • This is RAF Industries’ 2nd transaction in New Jersey.

M&A Deal Summary

Date 2008-12-19
Target MILSPRAY
Sector Defense
Buyer(s) RAF Industries
Deal Type Buyout (LBO, MBO, MBI)

Target

MILSPRAY

Lakewood, New Jersey, United States
MILSPRAY is a defense company specializing in high performance and special-purpose military coatings and RESET services. The company offers products and services that protect the war-fighter and his/her tactical vehicles, aircraft, cutters and boats, along with field deployable RESET facilities and personnel. MILSPRAY was established in 2001 and is based in Lakewood, New Jersey.

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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 9 of 19
Sector (Defense) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 9 of 13
State (New Jersey) 2 of 2
Country (United States) 9 of 18
Year (2008) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-09-09 Ferche Millwork

Rice, Minnesota, United States

Ferche Millwork is a manufacturer of oak moldings in North America. Product lines include casings, jambs, cabinet parts, railings, balusters, stair parts, and veneers. Ferche Millwork was established in 1958 and is based in Rice, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-02-01 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.

Buy -