DENVER – SLATE Partners (SLATE) announced today that its Principals advised Republic Elite, LLC (Republic Elite), a portfolio company of FirstCity Crestone, LLC on its merger with LDC Stone, Inc., the parent company of granite and cabinet suppliers L’arte Della Cucina, European Granite & Marble, and Marva.
Republic Elite is a one-stop provider of cabinets and stone countertops exclusively to the multi-family residential market. The Company has created a differentiated, turnkey solution specifically tailored to the complex needs of multi-family developers across the country. Republic Elite is headquartered in Addison, Texas and maintains end-to-end manufacturing capabilities in its cabinet production facility in East Texas. The Company manages a complex supply chain of domestic and international suppliers, fabricators and importers to source best-in-class granite, quartz and marble countertops. Further, Republic Elite has differentiated itself by providing full-service installation management for all of its projects.
“The fast-growing multifamily residential market demands we grow and evolve quickly to offer our clients customized, one-stop cabinet and countertop solutions. SLATE has been an invaluable advisor, providing strategic consulting and insightful advice, strategy and direction. SLATE’s industry expertise ultimately allowed us to identify a partner that will enable Republic Elite to greatly expand its product offering and geographic footprint”, remarked Duane Pekar, President and CEO of Republic Elite.
Jason Munoz, co-founder of SLATE Partners added, “By providing a unique, end-to-end cabinet and countertop solution, Republic Elite has emerged as a clear leader in the multi-family sector. The Company’s proven track-record providing a worry-free interior solution has allowed it to secure loyal, long-standing relationships with the industry’s preeminent developers, owners, contractors and architects. It was a pleasure working with FirstCity Crestone and the Republic Elite management team in this process.”
Republic Elite received legal counsel from Bryan Cave LLP, Robertson & Robertson Law Group PLLC and Thompson & Knight LLP; and accounting support from RKL LLP and Laurus Transaction Advisors.
