/ May 17, 2019 /
For Release - May 15, 2019 Calibre Group Divests Stake in Material Sciences Corporation Calibre Group, an Industrials-focused merchant bank, announced today that it has sold its remaining stake in Material Sciences Corp. ("MSC") to Sky Island Capital. Terms of the transaction were not disclosed. “We thoroughly enjoyed supporting the MSC management team and employees in growing the business,” said Jim Tumulty, founder and CEO of Calibre Group. “This has been an excellent investment for Calibre, and we are confident that MSC will continue to thrive going forward. The partnership of Jack Waterstreet, Sky Island Managing Partner, and Patrick Murley, MSC CEO is extremely dynamic, and I know they will continue to deliver value for MSC stakeholders.” Mr. Tumulty continued, "MSC is a perfect example of Calibre's desire to partner with management teams and employees to grow businesses within the Industrial sector." Mr. Tumulty will continue to retain a minority stake in MSC. “Calibre Group has been an excellent partner to MSC. On behalf of MSC's employees I want to thank Calibre for...
Labor Advisor to Buyer - Black Diamond Capital Management LLC Acquired Certain Assets of ArcelorMittalPR Newswire / Apr 8, 2016 /
Calibre Group provided labor advisory services to Black Diamond in its acquisition of certain steel mill assets of ArcelorMittal. Calibre Group provides unique advisory and capital solutions to various stakeholders of industrial and unionized companies.Securities transactions are conducted through our affiliate Calibre Group Securities, LLC, Member FINRA/SIPC.
/ Nov 24, 2014 /
/ Jan 7, 2014 /
NEW YORK — James "Jim" Tumulty, a veteran investment banker with a track record in metals and manufacturing, and key members of the team he led at Seaport Group LLC have united to form Calibre Group LLC, a private equity fund that will provide merchant banking services to the "Rust Belt" manufacturing sector.
/ Jan 6, 2014 /
PITTSBURGH — Calibre Group will be led by Jim Tumulty and will provide advisory and proprietary capital solutions to companies in the metals, paper, container, manufacturing and energy sectors. Our focus is on industry groups where we have deep operational experience, especially those with unionized workforces or complicated financial or operational issues. Calibre will bring the hands-on, bottom-up approach to finding solutions for its clients that people have come to expect from Jim, Ed Siegel and their team. The addition of proprietary capital and the distressed expertise of long-time friend, Harrison Bubrosky, will substantially increase the team’s ability to provide creative, focused solutions to our valued clients. Calibre expects to announce additional hires in the near term.
/ Jan 1, 2014 /
NEW YORK — He’s a lawyer, an investment banker ... and a one-time rank-and-file union member. That particular combination of skills and training doesn’t walk down Wall Street every day . But in the more than two decades that Jim Tumulty has run with the bulls--and been stung hunting honey with the bears--an eclectic mix of whitecollar legal and financial ex pertise and bluecollar straight talk and sensibility has served him well.