M&A Deal Summary

CID Capital and Aldine Capital Partners Acquire Extra Mile Brands

On February 6, 2019, private equity firm CID Capital and mezzanine finance firm Aldine Capital Partners acquired automotive company Extra Mile Brands

Acquisition Highlights
  • This is CID Capital’s 1st and Aldine Capital Partners’ 1st transaction in the Automotive sector.
  • This is CID Capital’s 22nd and Aldine Capital Partners’ 38th transaction in the United States.
  • This is CID Capital’s 3rd and Aldine Capital Partners’ 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2019-02-06
Target Extra Mile Brands
Sector Automotive
Buyer(s) CID Capital
Aldine Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Extra Mile Brands

Reedsville, Pennsylvania, United States
website
Extra Mile Brands is a manufacturer, distributor, and e-tailer of aftermarket restoration and performance products for Chevrolet Corvettes and Ford Mustangs. Extra Mile Brands is based in Reedsville, Pennsylvania.

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Buyer(S) 2

Buyer

CID Capital

Indianapolis, Indiana, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1981
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

CID Capital is a private investment firm that makes both venture capital and private equity investments. CID's private equity practice invests $10 to $15 million of equity capital in lower middle-market companies with $10 to $100 million of revenue and at least $3 million of cash-flow. Funds are generally used to support divestitures, management buyouts, leveraged buyouts, shareholder liquidity, recapitalization, and growth financing. Areas of interest include industrial products and services, general distribution, safety and security products, branded consumer products, medical products and services, building products, and food manufacturing. The Firm prefers investments located within the US. CID Capital was formed in 1981 and is based in Indianapolis, Indiana.

DEAL STATS #
Overall 23 of 32
Sector (Automotive) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 10 of 14
State (Pennsylvania) 3 of 4
Country (United States) 22 of 31
Year (2019) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-22 Giftcraft

Brampton, Ontario, Canada

Giftcraft engages in design, manufacturing, and distribution of Lifestyle, Fashion, Decor, Giftware, Health, Wellness, and Gourmet products. Giftcraft has been synonymous with quality, trendsetting designs, and best-in-class sales and service across North America. Giftcraft is based in Brampton, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-05 ABC Industries

Winona Lake, Indiana, United States

ABC Industries is a fully integrated and diversified manufacturer of industrial and mining ventilation products. ABC laminates fabric and manufactures grout bags and specialized products out of its main Winona Lake, IN facility and manufactures rigid fiberglass ducting out of a smaller facility in Grand Junction, CO. ABC Industries was founded in 1926 and is based in Winona Lake, Indiana.

Sell -
Buyer

Aldine Capital Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website

Category Mezzanine Finance Firm
Founded 2005
Size Small
Type Sector Agnostic
DESCRIPTION

Aldine Capital Partners is a mezzanine investment firm that provides mezzanine and junior capital financing to lower middle-market companies generating sales of at least $10 million and at least $2 million in EBITDA. Aldine invests in the range of $4 to $25 million per transaction. Types of transactions include management buyouts, acquisition financings, shareholder liquidity events, recapitalizations, and growth financings of smaller middle-market companies. Aldine will consider investments across the United States, but has a primary focus on opportunities in the Midwest. The Firm will not consider investments in start-ups, turnarounds, real estate, insurance, banking, and oil/gas. Aldine Capital was formed in 2005 and is based in Chicago, Illinois.

DEAL STATS #
Overall 38 of 66
Sector (Automotive) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 19 of 24
State (Pennsylvania) 1 of 1
Country (United States) 38 of 66
Year (2019) 2 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-25 FMT Solutions

Beaverton, Oregon, United States

FMT Solutions is a provider of integrated educational content and tech-enabled marketing services principally for the retirement planning and wealth management services market. FMT offers a comprehensive suite of retirement planning and wealth management communication services and financial education courses designed to support Registered Investment Advisors (RIAs), Investor Advisor Representatives (IARs), and individual investors. FMT Solutions was founded in 2001 and is based in Beaverton, Oregon.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-01 ARCH Global

Livonia, Michigan, United States

ARCH Global is a manufacturer of consumable cutting tools, medical instruments and implants and precision components. ARCH’s products serve a diverse set of large and growing end markets, including general industrial, medical, transportation and aerospace and defense. ARCH Global was formed in 2011 and is based in Livonia, Michigan.

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