Consumer, Diversified Industrials, Family Business
Rainier Industries acquired by LFM Capital
Published October 14, 2021
FOR IMMEDIATE RELEASE // SEATTLE, WASHINGTON
Meridian Capital LLC (“Meridian”), a leading Seattle-based middle market investment bank and M&A advisory firm is pleased to announce the successful acquisition of one of its clients, Rainier Industries (“Rainier” or the “Company”) by LFM Capital (“LFM”).
Headquartered in Tukwila, Washington, Rainier is a 125-year old family business providing residential and commercial shade, shelter, and display solutions. Key products include power screens, retractable awnings, commercial tents, retail displays and branded environments. The Company has built a legacy of providing high-quality, innovative solutions, and exceptional customer support. Rainier maintains in-house design, engineering, and broad precision manufacturing capabilities to manufacture industry leading Display, Shade, and Shelter products. The Company operates a second manfuacturing facility in Statesville, NC to support a nationwide customerbase.
Scott Campbell, former majority owner and CEO of Rainier Industries shared “Meridian was exceptional at understanding our unique business model and effectively communicated that to the market. As a business that has been in my family for over five decades, finding a partner that was culturally aligned and could bring the resources to help execute on our growth opportunities was of prime importance in this transaction – Meridian exceeded all expectations on their commitment of finding us a partner that will help protect Rainier’s 125-year legacy and build it for the next 125 years. We are very excited about the partnership with LFM and the opportunity it provides for our team and customers to help take Rainier to the next level.”
Brian Murphy, President and Managing Director at Meridian stated, “Rainier’s vertically integrated manufacturing capabilities, best-in-class products, and reputation throughout the industry will allow it to see continued growth during its partnership with LFM. It was an honor to work with Scott, Chris, and the entire Rainier team to steward the legacy of the Company and provide a growth partner for a historic Pacific Northwest business.”
This transaction represents continued momentum for Meridian’s Diversified Industrials practice. Other recent transactions include Weatherhaven’s acquisition by White Wolf Capital, Pacific Consolidated Industries recapitalization by TJM Capital, and Shields Manufacturing’s acquisition by Precinmac Precision Machining.
Meridian Capital served as the exclusive financial advisor to Rainier on the transaction while Lane Powell PC provided legal advisory services.
For more information on Meridian Capital click here.
ABOUT RAINIER INDUSTRIES
Founded in 1896, Rainier Industries is composed of three divisions – Display, Shade and Shelter. The Company makes a variety of products that improve lives and lifestyles from wall tents, yurts and cottages to retractable power screens and awnings, branded environments and experiential marketing elements, commercial tents and industrial products. Rainier is headquartered in Tukwila, WA with a second manufacturing facility in Statesville, NC. For more information, please visit: www.rainier.com.
For more information about this transaction, please contact one of the team members below:
About Meridian Capital
Founded in 1995, Meridian Capital is a Seattle-based M&A advisory firm, advising business owners on complex corporate finance, M&A and strategic challenges for over 26 years. The firm differentiates itself through its deep industry insights, highly customized service approach, and end-to-end commitment to execution. With a unique combination of professionals with financial, transactional, and operational expertise, Meridian offers the depth and breadth of experience required to serve leading middle market companies in multiple sectors including aerospace & defense, business services, consumer, diversified industrials, food & beverage, technology, and telecommunications.