Go to deals
Private Equity | Construction & Engineering Services

RAF Industries has sold Steamist to Masco Corporation

Steamist, Inc., a portfolio company of RAF Industries Inc., has been sold to Masco Corporation (NYSE:MAS).

With a multi-decade brand heritage, Steamist is the leading provider of high-quality steam showers and luxury shower accessories sold under the Steamist®, EliteSteam™ and EliteShower™ brands. Based in East Rutherford, New Jersey, Steamist markets its products via an omni-channel approach unique to the industry, maximizing its brand reach and market presence.

With a market capitalization of over US$14 billion, Masco Corporation is a global leader in the design, manufacture and distribution of branded plumbing and decorative architectural products. Steamist represents its entry into the steam shower category.

RAF Industries is a Pennsylvania-based private investment firm focused on acquiring manufacturing and service-oriented businesses primarily in the consumer and industrial sectors.

One of Oaklins’ teams in the USA served as the exclusive financial advisor to Steamist, Inc., a portfolio company of RAF Industries Inc.

Parties
“From start to finish, working with the team in Atlanta was a pleasure. We received the senior-level attention we were promised along with excellent input and execution at all levels. Their service included timely and on-point advice on market trends, information presentation and strategy, especially relating to our company’s growing direct-to-consumer sales efforts. We look forward to working with them in the future.”

Rick Horowitz

President and COO, RAF Industries Inc.

Talk to the deal team

 David M. Felts

David M. Felts

Managing Director
Atlanta, United States
Oaklins TM Capital
 John  Dean

John Dean

Associate Director
Atlanta, United States
Oaklins TM Capital
 Matt  Rosenthal

Matt Rosenthal

Associate Director
Atlanta, United States
Oaklins TM Capital
 Dylan  Finazzo

Dylan Finazzo

Associate
New York, United States
Oaklins TM Capital

Related deals

Global Transport Solutions has acquired Ship Spares Logistics
Private Equity | Logistics

Global Transport Solutions has acquired Ship Spares Logistics

Global Transport Solutions has acquired Ship Spares Logistics from Burando Maritime Services.

Learn more
Tax Consult HR Tax & International Mobility acquired by Moore Belgium, a portfolio company of Waterland
Private Equity | Business Support Services

Tax Consult HR Tax & International Mobility acquired by Moore Belgium, a portfolio company of Waterland

Tax Consult HR Tax & International Mobility (Tax Consult HR Tax & IM) has joint forces with Moore Belgium, a portfolio company of Waterland.

Learn more
McCurdy-Walden, Inc. has been acquired by Core Roofing Systems
Private Equity | Construction & Engineering Services

McCurdy-Walden, Inc. has been acquired by Core Roofing Systems

The shareholders of McCurdy-Walden, Inc. have sold the company to Core Roofing Systems.

Learn more