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.

Service
M&A sell-side
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
 Matthew  Rosenthal

Matthew Rosenthal

Associate
Atlanta, United States
Oaklins TM Capital
 Dylan  Finazzo

Dylan Finazzo

Analyst
New York, United States
Oaklins TM Capital

Related deals

IDL Precision Machining has been acquired by Cadrex Manufacturing Solutions
Private Equity | Aerospace, Defense & Security

IDL Precision Machining has been acquired by Cadrex Manufacturing Solutions

The shareholders of IDL Precision Machining (IDL) have sold the company to Cadrex Manufacturing Solutions (Cadrex).

Learn more
Ricotto has been acquired by Sitra Group
Private Equity | Logistics

Ricotto has been acquired by Sitra Group

Ricotto S.r.l. has joint Sitra Group, a Belgium-based and PE-backed international logistic and transportation group.

Learn more
M80 Partners has acquired Luminis
Private Equity | TMT

M80 Partners has acquired Luminis

Belgian private equity fund M80 has acquired a majority stake in Luminis. M80 offers to software and technology company Luminis the opportunity to further expand its strategy and market position internationally. Luminis becomes part of a platform that also includes XPLUS, a Belgian expert in enterprise IT architecture. M80 plans to make further selective acquisitions in Europe in the coming months with the aim of bringing together a portfolio of best-in-class digital transformation specialists.

Learn more