Liebman Group has acquired a majority stake in Utah-based C-Slide, a security accessory company. No financial terms were disclosed.
SALT LAKE CITY–(BUSINESS WIRE)–Crewe Capital, LLC, a premier investment banking and advisory firm, is pleased to announce that C-Slide, a rapidly growing security accessory company headquartered in Utah, has sold a majority stake to Liebman Group, a South Florida-based private equity firm. The acquisition closed on March 2, 2018.
C-Slide engaged Crewe Capital, a premier independent investment banking firm headquartered in Salt Lake City, Utah, as its exclusive financial advisor in the transaction. “It is always a privilege to work with innovative companies like C-Slide to help them achieve their goals and objectives,” said Crewe Capital Managing Director Michael Lunt.
C-Slide is a leading developer and manufacturer of patented electronic accessories. “Crewe Capital was very instrumental in understanding the value we had created in our business, identifying Liebman Group as a partner, and negotiating the terms of the transaction,” Founder and CEO of C-Slide Ron Gustaveson stated. “We are very happy with the outcome.”
Liebman Group has partnered with the existing management team to recapitalize the business and to provide additional capital to support future growth across corporate promotional, retail, and B2B direct sales channels. Management will maintain a significant minority ownership position in the company going forward.
About Crewe Capital
Crewe Capital, LLC is a premier independent investment banking, securities, and mergers and acquisitions firm that provides a wide range of financial services to a substantial and diversified client base including corporations, financial institutions, and family offices. The firm is headquartered in Salt Lake City with offices in New York City, Denver, and San Diego. More information about Crewe Capital, LLC, Member FINRA/SIPC can be found at www.crewecapital.com.
C-Slide provides 14 patented products across a wide range of devices including mobile telephones, tablets, notebook computers, desktop computer monitors, and smart televisions. The Company sells its products primarily to Fortune 500 companies as custom-branded corporate promotional items, as well as through retail stores and online.
About Liebman Group
Liebman Group partners with business owners and management teams to help them grow their companies. They bring financial, operational, strategic, and technological expertise as either long-term equity investors or external consultants. Liebman Group focuses on investments in middle market companies, with revenues of $10 million to $100 million. Headquartered in South Florida, Liebman Group seeks United States-based investments across all industries.