CIBC Cleary Gull Advises RIE Coatings, LLC, on its Sale to PNC Mezzanine Capital in Partnership with Management
Milwaukee, Wisconsin, January 15, 2022 – CIBC Cleary Gull is pleased to announce that its client RIE Coatings, LLC (“RIE” or the “Company”), portfolio company of Brass Ring Capital, has been acquired by PNC Mezzanine Capital (“PNC MC”) in partnership with management. CIBC Cleary Gull acted as exclusive financial advisor to RIE Coatings, LLC in this transaction. RIE is a licensed applicator of environmentally friendly, protective, and performance enhancing coatings used on fasteners, as well as other parts and components primarily for use in industrial applications.
Doug Brosius, Partner at PNC Mezzanine, added “RIE is a great platform investment with an experienced management team, strong value proposition for customer and vendors, and multiple avenues for growth and expansion. We are excited to provide capital, resources and expertise to support management to execute on their strategic growth initiatives.”