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.