M&A Deal Summary

Slate Capital Group Acquires Cumberland Diversified Metals

On June 14, 2023, private equity firm Slate Capital Group acquired distribution company Cumberland Diversified Metals

Acquisition Highlights
  • This is Slate Capital Group’s 4th transaction in the Distribution sector.
  • This is Slate Capital Group’s 15th transaction in the United States.
  • This is Slate Capital Group’s 1st transaction in Ohio.

M&A Deal Summary
Date 2023-06-14
Target Cumberland Diversified Metals
Sector Distribution
Buyer(s) Slate Capital Group
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Signet Capital Advisors (Financial)

Target

Cumberland Diversified Metals

Cleveland, Ohio, United States
Cumberland Diversified Metals is a value-added distributor and broker of specialty metals. Cumberland has particular product strength in prime and secondary stainless steel, prime and secondary aluminum, titanium, and nickel. CDM has developed a reputation for deep market knowledge and first-class customer service. Cumberland Diversified Metals buys and sells materials throughout the USA, Canada, and Mexico. Cumberland Diversified Metals is based in Cleveland, Ohio.

Search 201,157 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Slate Capital Group

Baltimore, Maryland, United States

Investor Investor Investor

Category Private Equity Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

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.

DEAL STATS #
Overall 15 of 16
Sector (Distribution) 4 of 4
Type (Buyout (LBO, MBO, MBI)) 8 of 8
State (Ohio) 1 of 1
Country (United States) 15 of 16
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-08 WDS

Fairbury, Illinois, United States

WDS is an industrial distribution and supply chain management company. White Distribution & Supply, WDS is a provider of wide variety of adhesives and sealants including epoxies, acrylics, urethanes, and silicones and technical expertise. WDS was founded in 1984 and is based in Fairbury, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-21 Vertical Mechanical Group

Sterling, Virginia, United States

Vertical Mechanical Group specializes in mechanical construction, upfits, and service for large hotels, multi-family housing, and senior living facilities. VMG services a blue-chip customer base, including building owners, general contractors, facility managers. Vertical Mechanical Group is based in Sterling, Virginia.

Buy -
Mergr

Product

Company

Legal