Liebman Group, a Florida-based private equity firm, has purchased a majority interest in Draper’s C-Slide. The acquisition of C-Side, a manufacturer and distributor of electronics accessories, closed in March.
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Crewe Capital, a Salt Lake City investment banking and advisory firm, advised C-Slide 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.
“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,” said C-Slide founder and CEO Ron Gustaveson. “We are very happy with the outcome.”
Liebman Group has partnered with the existing management team at C-Slide to recapitalize the business and to provide additional capital to support future growth across corporate promotional, retail and B2B direct sales channels, the company said. Management will maintain a significant minority ownership position in the company going forward.
C-Slide, founded in 2009, markets 14 patented products across a wide range of devices, including mobile telephones, tablets, notebook computers, desktop computer monitors and smart televisions. The c ompany sells its products primarily to Fortune 500 companies as custom-branded corporate promotional items as well as through retail stores and online.
Liebman Group brings financial, operational, strategic and technological expertise as either long-term equity investors or external consultants to middle market companies with revenues of $10 million to $100 million. The company seeks United States-based investments across all industries.{/mprestriction}
