MERGERS & ACQUISITIONS - CDM
Slate Capital Group Acquires Cumberland Diversified Metals
June 15, 2023
Slate Capital Group, a private equity investment group based in Baltimore, Nashville and Cincinnati that partners with lower-middle market companies, has acquired Cumberland Diversified Metals, a distributor and broker of metals.
CDM is based in Cleveland, Ohio, and is primarily focused on prime and secondary stainless steel, prime and secondary aluminum, titanium and nickel. The company buys and sells metals throughout the USA, Canada and Mexico.
“Now that we are partnered with Slate Capital Group, we have a financial partner who can assist us in achieving our ambitious growth plans,” says Alex Newman, CEO, CDM.