Slate Capital is a private equity investment group based in Baltimore, Maryland that partners with lower-middle market companies. Slate provides liquidity to business owners and growth capital to businesses for further expansion.

 
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The principals of Slate have significant experience in both running small-to-mid-sized companies and investing in leveraged buyout transactions. Slate’s primary areas of focus include business services, distribution, light manufacturing, and food & beverage investments. 

Slate targets companies with annual EBITDA of $3-15 million.

 
Investment Structure

FLEXIBLE STRUCTURE

We are flexible as to structure and will consider transactions involving growth capital, acquisition capital, management buyouts, leveraged acquisitions, recapitalizations, ownership restructuring of family controlled businesses, and shareholder liquidity events.

 

Our approach is to acquire/invest in one or two new companies per year and focus on their success, rather than striving for a larger volume of deals and a “portfolio” return. The Slate professionals are deeply involved with our portfolio companies – this involvement can range from a full-time management position to being an active board member. 

The Slate principals invest their own capital alongside their investors, who are mostly wealthy individuals and family offices. As such, our capital is patient, and we are comfortable with much longer holding periods than typical private equity funds.

 

Baltimore Row Houses

Focused Investments

Slate targets business services, distribution, light manufacturing, and food & beverage businesses.

 

Key Business Characteristics

  • Stable or recurring revenue

  • Identifiable growth opportunities

  • Sustainable margins

  • High returns on invested capital/limited capital intensity

  • Significant barriers to entry and/or significant market share

  • Simple, understandable businesses

  • Non-cyclical industries

Financial Criteria

  • Annual cash flow of $3 million to $15 million

Control

  • Slate requires a controlling interest in acquired companies

Geographic Focus

  • Companies with headquarters located in the Eastern half of the United States

 

OUR PORTFOLIO

 

AllTrust Networks is the nation's leading software and services provider for check cashing and alternate financial services solutions. Originally founded in 1999 under the name BioPay, AllTrust pioneered the use of biometric ID as a way to simplify consumer engagement and prevent fraud. www.alltrustnetworks.com

 

First Source is a leading provider of national branded, unbranded, and private label confectionery products, nuts, snacks and specialty foods sold to retailers throughout the US. With a history dating back to 1927, the company provides value added packaging as well as bulk distribution of specialty products. www.first-source.com

 
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Horizon is a leading provider of outsourced services to the rental car industry under the Managed Labor Solutions banner. Additionally, Horizon provides commercial janitorial services under the Professional Maintenance Co. banner. Horizon partners with its customers through a transaction-based pricing model that enhances customer cost visibility and operational efficiency. www.managedlabor.net

 

Founded in 1984, WDS is an integrated distributor of industrial supplies and MRO products for OEMs, including fasteners, adhesives, packaging, foam, poly, glass, safety, janitorial, and more. The company provides total supply chain management and cost reduction solutions nationwide. www.whds.com

 

 

Past Investments

 

 

OUR TEAM

 

Rick Corcoran

Rick is a Founder and Partner of Slate Capital Group. Rick has been an investor, entrepreneur, operator and consultant. Read more>>

Parker Davis

Parker is a Partner of Slate Capital Group. Parker focuses on developing new opportunities for Slate and managing its current portfolio. Read more>>

Erik Ginsberg

Erik is a Founder and the Managing Partner of Slate Capital Group. Erik has worked in the private equity industry for over 20 years. Read more>>


CONTACT US

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Our Office

The Latrobe Building
2 East Read Street
Suite 101
Baltimore, MD 21202

Phone: 410-560-3572
Email: contact@slatecap.com