CIBC CLEARY GULL ADVISES LIGCHINE CORPORATION, A PORTFOLIO COMPANY OF BLUE SAGE CAPITAL & HANOVER PARTNERS, INC. ON ITS SALE TO RAF INDUSTRIES INC.
Milwaukee, Wisconsin, August 15, 2022 – CIBC Cleary Gull is pleased to announce that its client Ligchine Corporation (“Ligchine” or the “Company”), a portfolio company of Blue Sage Capital (“Blue Sage”) & Hanover Partners, Inc. (“Hanover”) has been acquired by RAF Industries Inc. (“RAF”). CIBC Cleary Gull acted as exclusive financial advisor to Ligchine Corporation in this transaction.
Ligchine is a leading designer, manufacturer, and marketer of laser guided boom screeds used for placing concrete. The company’s equipment utilizes cutting-edge technology to automate the process of flat-finishing concrete, enabling best-in-class flatness and levelness.