Page 153 - TACC 2023 Program

RAF at a Glance

40+ >$215mm $5-20mm

Years of Investing Evergreen Equity Target EBITDA Range

13 35+ 45+

Active Platforms Total Platforms Add-on Acquisitions

RAF Industries is a Capital Partner with a Long-Term Focus

• RAF was founded in 1979 by Robert A. Fox. Our Chairman & CEO, Richard Horowitz, has been
with the firm since 1991
• Since inception, our focus has been on partnering with strong founders and/or management
teams that present a unique vision and strong values
• We acquire control positions in middle market companies across a diverse set of industries
including consumer and industrial products, healthcare, and diverse service businesses
• Our equity holders, the Fox and Horowitz families, together with a small group of value-added
investors, have a permanent commitment to our enterprise. Our equity capital is fully recyclable

• We have a long-term vision and have held many of our portfolio companies for 10+ years. Our
company structure eliminates the need for short-term realization due to liquidity requirements
• Our financing is provided by an eight-bank syndicate. We operate under an umbrella facility that
does not require approval for new acquisitions (no financing contingencies) or to make
scheduled principal payments
• We believe that the most valuable deal is a mutual investment of confidence, respect and the
desire for success over many years to come

Current Portfolio ACG Attendees

Building & DIY Consumer Andrew Souder
Products Products Healthcare Other VP of Acquisitions
[email protected]

One Company Jeff Horowitz
Director of Acquisitions
[email protected]
(Technical Gas
Products)

Tel. 215-572-0738 | Fax: 215-576-1640
50 MONUMENT ROAD | SUITE 303 | BALA CYNWYD, PA 19004