Slate Capital Group Mergers and Acquisitions Summary

Private Equity Profile

Slate Capital Group’s most common sectors for investment are food (19%) and marketing (19%). The Firm’s most common investment types include buyout (lbo, mbo, mbi) (46%) and venture (19%). In total, Slate Capital Group has invested in 7 US states.

In the last 3 years, Slate Capital Group has exited 2 companies. The Firm’s most common exit type is trade sale (60%). Slate Capital Group’s largest (disclosed) exit occurred in 2006 when it sold First Equity Card for $56M.

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M&A Summary

  • M&A Total Activity16
    • M&A Buy Activity11
    • M&A Sell Activity5
  • Total Sectors Invested 9
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 10

Slate Capital Group

The Latrobe Building, 2 East Read Street, Suite 101,
Baltimore, Maryland 21202
United States
(410) 560-3572
www.slatecap.com
contact@slatecap.com

Slate Capital Group is a private equity firm focused on acquiring controlling interests in small to mid-sized companies with $3 to $15 million of EBITDA. The Firm prefers companies headquartered in the Eastern half of the US and targets businesses operating in the business services, distribution, light manufacturing, and food & beverage sectors. Prospective companies typically exhibit recurring revenue, sustainable margins, identifiable growth opportunities, and significant barriers to entry. Slate Capital Group was formed in 2004 and is based in Baltimore, Maryland.


Investment Criteria

Sectors of Interest: Beverages, Business Services, Consumer Products, Consumer Services, Distribution, Education, Food, Healthcare Services, Information Technology, Manufacturing, Marketing, Retail, Safety/Security, Software, Technology Hardware

Target Transaction Types: Buyout (LBO, MBO, MBI), Consolidation, Divestiture, Growth Capital, Recapitalization

Geographic Preferences: East US, South US

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA 3 15
Investment Size - -
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 T
Buy (0.2/yr) # 10 1 - - - - 11
Sell (0.4/yr) # 3 - - 1 - 1 5
vol $56M $56M
  16

Most Recent M&A

Company Date Value Type
Phoenix Check Cashing LLC 2020-07-15 - Add-on Acquisition
Herndon, Virginia · www.alltrustnetworks.com
Broadcast Sports International LLC 2018-12-07 - Add-on Acquisition
Hanover, Maryland · www.broadcastsportsinc.com
White Distribution & Supply, Inc. 2016-01-01 - Buyout (LBO, MBO, MBI)
Fairbury, Illinois · www.whds.com
Broadcast Sports International LLC 2015-05-04 - Divestiture
Hanover, Maryland · www.broadcastsportsinc.com
DoublePositive Marketing Group, Inc. 2015-03-25 - Add-on Acquisition
Baltimore, Maryland · www.doublepositive.com
Wythe-Will Distributing LLC 2011-06-29 - Merger
Toano, Virginia
First Source LLC 2011-06-29 - Consolidation
Tonawanda, New York · www.first-source.com
Wythe-Will Distributing LLC 2010-08-04 - Secondary Buyout
Toano, Virginia
CoastTec 2010-03-31 - Buyout (LBO, MBO, MBI)
Randallstown, Maryland · www.coasttec.com
Let's Dish!, Inc. 2010-02-01 - Buyout (LBO, MBO, MBI)
Burnsville, Minnesota · www.letsdish.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
White Distribution & Supply, Inc. 2016-01-01 Hagerty Industrial Supply 2019-04-26 1
Fairbury, Illinois · www.whds.com Peoria, Illinois · www.hagertysupply.com
First Source LLC 2011-06-29 Garvey Nut & Candy 2012-12-31 3
Tonawanda, New York · www.first-source.com Pico Rivera, California · www.garveycandy.com
First Source LLC 2011-06-29 Wythe-Will Distributing LLC 2011-06-29 2
Tonawanda, New York · www.first-source.com Toano, Virginia
First Source LLC 2011-06-29 Tzetzo Bros., Inc. 2011-06-29 1
Tonawanda, New York · www.first-source.com Buffalo, New York

M&A by Sector

Sector Current # Value All-time # Value
Food 1 (20%) - 2 (18%) -
Marketing 1 (20%) - 2 (18%) -
Business Services 1 (20%) - 1 (9%) -
Distribution 1 (20%) - 1 (9%) -
Education - - 1 (9%) -
Information Technology - - 1 (9%) -
Retail 1 (20%) - 1 (9%) -
Safety/Security - - 1 (9%) -
Technology Hardware - - 1 (9%) -
Total 5 - 11 -

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 5 (100%) - 11 (100%) -
  Maryland 1 (20%) - 3 (27%) -
  New York 1 (20%) - 2 (18%) -
  Virginia - - 2 (18%) -
  New Hampshire 1 (20%) - 1 (9%) -
  Minnesota 1 (20%) - 1 (9%) -
  Illinois 1 (20%) - 1 (9%) -
  Pennsylvania - - 1 (9%) -
Total 5 - 11 -

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 4 (80%) - 5 (45%) -
Venture - - 2 (18%) -
Consolidation 1 (20%) - 1 (9%) -
Divestiture - - 1 (9%) -
Secondary Buyout - - 1 (9%) -
Stake Purchase - - 1 (9%) -
Total 5 - 11 -

Exits by Deal Type

Type Total # Value
Trade Sale 3 (60%) -
Recapitalization 1 (20%) 56M (100%)
Merger 1 (20%) -
Total 5 $56M

Deal Values

sell # Total
< $100M 1 $56M
TOTAL $56M
Largest First Equity Card Corp.
$56M (2006-10-20)

M&A Connections

Deals %
Acquired from
PE Firm(s)
50%
1 50%
Strategic(s)
50%
1 50%
Exited to
PE Firm(s)
20%
1 20%
Strategic(s)
80%
4 80%

Investor Summary

Size

Small

Established

2004

Specialist/Generalist

Generalist

Leadership

Erik Ginsberg

Co-Founder & Partner

Rick Corcoran

Co-Founder & Partner

Parker Davis

Partner

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