SLATE CAPITAL GROUP ACQUIRES HORIZON FACILITIES SERVICES, LLC
FOR IMMEDIATE RELEASE
July 24, 2019
SLATE CAPITAL GROUP ACQUIRES HORIZON FACILITIES SERVICES, LLC
IN PARTNERSHIP WITH GLADSTONE INVESTMENT CORPORATION
(Baltimore, MD) — Slate Capital Group, a private equity investment group in Baltimore that partners with lower-middle market companies, announced today its acquisition of Horizon Facilities Services, LLC in partnership with Gladstone Investment Corporation.
Horizon Facilities Services, LLC (Horizon), headquartered in Allentown, PA, is a leading provider of outsourced services to the rental car industry under the Managed Labor Solutions brand. Additionally, Horizon provides commercial janitorial services under the Professional Maintenance Co. banner. Horizon partners with its customers through a transaction-based pricing model which enhances customer cost visibility and operational efficiency.
“We are thrilled to partner with Gladstone Investment Corporation in acquiring Horizon. The company’s overall business goals and operational structure enables them to provide the best solutions their clients want and need,” said Erik Ginsberg, Partner, Slate Capital Group, and Board Member, Horizon Facilities Services. “Slate Capital Group is excited to assist Horizon’s leadership with its promising future growth in the outsourced labor industry.”
About Slate Capital Group (http://www.SlateCap.com)
Slate Capital Group is a private equity investment group based in Baltimore that partners with lower-middle market companies. Slate Capital Group provides liquidity to business owners and growth capital to businesses with annual EBITDA of $3-15 million. The firm’s primary areas of focus include business services, distribution, and select light manufacturing.
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