PE  RAF Industries

     Office Locations:

50 Monument Rd. Suite 303
Bala Cynwyd, PA 19004
Phone: 215-572-0738
Fax: 215-576-1640



  • Middle Market



  • Consumer Products & Services
  • Energy & Clean Tech
  • Manufacturing & Industrial



    Formed in 1979, RAF Industries is a privately-held, Philadelphia-based investment firm. RAF Industries acquires and operates a diversified group of middle market manufacturing companies located across the United States. Specific areas of interest include building and DIY products; products and services geared toward enhancing the lifestyle of the elderly population; and products and services provided to high-end consumers. The firm targets companies with pretax earnings of at least $4 million for platform acquisitions and at least $500,000 for add-on acquisitions. Transaction value ranges from $15 million to $150 million.

    Investment Firm Key

       VC = Venture Capital
       PE = Private Equity
       A = Angel
       I = Incubator
       MB = Merchant Bank
       VD = Venture Debt
       FI = Family Investment Office
       FOF = Fund of Funds
       ED = Economic Development Office   
       TT = Technology Transfer Office
       CVC = Corporate Venture Capital
       SEC = Secondary Purchaser
       HF = Hedge Fund/Mutual Fund
    Venture Capital
    Seed Stage
    (includes "pre-seed," or
    concept stage)
    No Revenue
    Early StageMinimal
    Growth Stage
    (also called Mid-stage)
    Expansion Stage
    (also called Late-stage)
    $7M and greater
    Private Equity
    Lower Middle Market$10M-$249M
    Middle Market$250M-$499M
    Upper Middle Market$500M-$1B
    Large Cap>$1B

    Investment Team:

    Name   Title
    Get the complete investment team + individual email addresses for investment team partners. Get personal images, LinkedIn links, investment specialties, office locations and more with a National Database subscription.
    Amy A. Fox Assistant General Counsel
    Andrew Souder Vice Presdent
    Cheryl McCullough Vice President – CVice President
    Harry Ferguson Risk Manager
    Jeffrey Panarey Director of Acquisitions


    Portfolio companies include:


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