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.
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.
Slate targets business services, distribution, light manufacturing, and food & beverage businesses.
Key Business Characteristics
Stable or recurring revenue
Identifiable growth opportunities
High returns on invested capital/limited capital intensity
Significant barriers to entry and/or significant market share
Simple, understandable businesses
Annual cash flow of $3 million to $15 million
Slate requires a controlling interest in acquired companies
Companies with headquarters located in the Eastern half of the United States
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
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
Rick is a Founder and Partner of Slate Capital Group. Rick has been an investor, entrepreneur, operator and consultant. Read more>>
Parker is a Partner of Slate Capital Group. Parker focuses on developing new opportunities for Slate and managing its current portfolio. Read more>>
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Baltimore, MD 21202