Rie Coatings, LLC

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Rie Coatings, LLC - overview

Established

1987

Location

Eden Valley, MN, US

Primary Industry

Chemicals

About

Rie Coatings, LLC offers specialized advanced coating solutions that enhance the durability and performance of metallic components across various industries, including agriculture, automotive, and military sectors. Rie Coatings, LLC was founded in 1987 and is headquartered in Eden Valley, US. The company specializes in providing advanced coating solutions and has engaged in two significant deals, the latest being on December 28, 2021, when it was acquired from Brass Ring Capital by PNC Mezzanine Capital and the management team. John Warne currently serves as the CEO of the company.


RIE Coatings specializes in advanced coating solutions across various industries, emphasizing enhanced durability and performance of metallic components. Their core product offerings include specialized coatings designed to address issues such as galling of stainless steel fasteners, bimetal corrosion prevention between stainless steel and aluminum frames, and improvements in corrosion resistance through innovative plating alternatives. Notable among their services are anodizing, conversion coatings, electropolishing, and the application of dry film lubricants, which cater to sectors including agriculture, automotive, military, and heavy equipment, among others. The coatings are tailored for specific applications, ensuring optimal performance in demanding environments.


RIE Coatings serves a diverse client base, including manufacturers and original equipment manufacturers (OEMs), across geographical markets in North America. RIE Coatings operates within a B2B framework, engaging primarily with manufacturers and OEMs who require high-quality coating services for their products. The company’s revenue is generated through direct contracts and partnerships with clients, who typically place bulk orders for specialized coating applications. Transactions often involve customized service agreements tailored to the unique needs of each client, with pricing structures based on the specificity and complexity of the coatings required.


Some of the flagship offerings, such as their enhanced corrosion-resistant plating solutions, command premium pricing due to their advanced technology and performance benefits. The regularity of these transactions supports a steady revenue stream as clients return for ongoing service needs in maintaining and enhancing their product performance. Following the acquisition on December 28, 2021, Rie Coatings plans to leverage the support from PNC Mezzanine Capital to facilitate both organic growth and strategic acquisitions. The company aims to introduce new products designed for specific applications, expanding its portfolio to meet evolving market demands.


Additionally, Rie Coatings is targeting new geographic markets for expansion, with plans to enter additional sectors within North America by the end of 2023, utilizing the resources from the recent acquisition to streamline operations and enhance service capabilities.


Current Investors

PNC Mezzanine Capital

Primary Industry

Chemicals

Sub Industries

Paints & Coatings, Adhesives & Sealants

Website

www.riecoatings.com

Company Stage

Mature

Total Amount Raised

Subscriber access only

Rie Coatings, LLC - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Secondary BuyoutCompletedRie Coatings, LLC-
RecapitalisationCompletedRie Coatings, LLC-

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