DENVER – SLATE Partners (SLATE) announced today that its Principals advised MJB Wood Group, Inc. (MJB), on its recapitalization with AC Summit LLC, a holding company representing members of the Coors family.
MJB is a wood products company offering unique, technology-enabled supply chain services to global manufacturers of cabinets, doors, fixtures, furniture, RV & automotive components and more. With operations in the U.S., Mexico, Canada, and China, MJB’s offering includes integrated global sourcing, manufacturing expertise and component production, specialty branded components, traditional distribution warehousing and logistics, and inventory management and optimization via proprietary technology information systems.
Pete Little, CFO of MJB, remarked, “SLATE developed a custom solution to meet MJB’s transaction objectives, running an effective process that identified our ideal partner through a targeted marketing effort. Their industry expertise was vital in identifying the right investor and positioning MJB properly. The SLATE team guided us and supported us through every step, including creating exceptional marketing materials, extensive financial modeling, assisting in due diligence gathering, and leading negotiations throughout the process. We greatly appreciate SLATE’s help and would recommend them highly.”
Aaron Bachik, co-founder of SLATE Partners added, “By constantly innovating and expanding its service offering, including the development of proprietary technology systems and tools, MJB has become the leading supply chain solutions provider in the wood products industry. Serving many of the leading building product manufacturers in the world, MJB’s inventory management solutions provide significant, quantifiable cost and working capital savings. It was a pleasure working with the entire MJB team throughout our engagement.”
MJB received legal counsel from Jackson Walker LLP and tax and accounting support from RSM US LLP.
