CID Capital Mergers and Acquisitions Summary

Private Equity Firm Profile

CID Capital’s most common sectors for investment areconsumer products (34%) and manufacturing (25%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (46%) and recapitalization (42%). In total, CID Capital has invested in 13 US states and 2 different countries.

In the last 3 years, CID Capital has exited 3 companies. The Firm’s most common exit type is secondary buyout (48%). CID Capital’s largest (disclosed) exit occurred in 2013 when it sold Exacq Technologies for $150M.

Join Mergr to view CID Capital’s full profile and discover more middle-market private equity firm investors just like it.

M&A Summary

  • M&A Total Activity47
    • M&A Buy Activity24
    • M&A Sell Activity23
  • Total Sectors Invested 11
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 19
  • M&A Advisors 4

CID Capital

10201 N. Illinois St. Suite 200,
Indianapolis, Indiana 46290
United States
(317) 818-5030
www.cidcap.com
info@cidcap.com

CID Capital is a private investment firm that makes both venture capital and private equity investments. CID's private equity practice invests $7 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.


Investment Criteria

Sectors of Interest: Apparel/Textiles, Building Materials, Business Services, Consumer Products, Consumer Services, Distribution, Education, Electrical Equipment, Electronics, Environmental, Healthcare Services, Machinery, Manufacturing, Medical Products, Safety/Security, Test/Measurement Equipment, Transportation

Target Transaction Types: Buyout (LBO, MBO, MBI), Divestiture, Growth Capital, Recapitalization

Geographic Preferences: East US, Midwest US, South US, West US

Transaction Criteria Min Max
Target Revenue 10 100
Target EBITDA 3 10
Investment Size 7 15
Enterprise Value 10 70
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '18 '19 '20 '21 '22 '23 T
Buy (0.6/yr) # 21 3 - - - - 24
Sell (1.0/yr) # 18 2 - 2 1 - 23
vol $150M $150M
  47

Most Recent M&A

Company Date Value Type
ProSource LLC 2022-09-26 - Secondary Sale
Greenville, South Carolina · www.prosourcesupply.com
Seaga Manufacturing, Inc. 2021-11-03 - Secondary Sale
Freeport, Illinois · www.seaga.com
Classic Accessories 2021-06-21 - Trade Sale
Kent, Washington · www.classicaccessories.com
Team Drive-Away, Inc. 2019-10-21 - Trade Sale
Olathe, Kansas · www.teamdriveaway.com
Seaga Manufacturing, Inc. 2019-09-02 - Buyout (LBO, MBO, MBI)
Freeport, Illinois · www.seaga.com
ABC Industries, Inc. 2019-08-05 - Secondary Sale
Winona Lake, Indiana · www.abc-industries.net
Extra Mile Brands 2019-02-06 - Buyout (LBO, MBO, MBI)
Reedsville, Pennsylvania · www.extramilebrands.com
Giftcraft Ltd. 2019-01-22 - Recapitalization
Brampton, Ontario · www.giftcraft.com
ProSource LLC 2018-07-26 - Growth Capital
Greenville, South Carolina · www.prosourcesupply.com
Westone Laboratories, Inc. 2017-10-30 - Secondary Sale
Colorado Springs, Colorado · www.westone.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Extra Mile Brands 2019-02-06 Corvette America, Inc. 2019-02-07 2
Reedsville, Pennsylvania · www.extramilebrands.com Reedsville, Pennsylvania · www.corvetteamerica.com

M&A by Sector

Sector Current # Value All-time # Value
Consumer Products 3 (50%) - 8 (33%) -
Manufacturing 1 (17%) - 6 (25%) -
Distribution - - 2 (8%) -
Apparel/Textiles - - 1 (4%) -
Automotive 1 (17%) - 1 (4%) -
Building Materials - - 1 (4%) -
Electrical Equipment - - 1 (4%) -
Internet Software and Services - - 1 (4%) -
Medical Products - - 1 (4%) -
Retail 1 (17%) - 1 (4%) -
Transportation - - 1 (4%) -
Total 6 - 24 -

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 5 (83%) - 23 (96%) -
  Pennsylvania 2 (33%) - 3 (13%) -
  Washington - - 3 (13%) -
  California - - 3 (13%) -
  Kansas - - 2 (8%) -
  Indiana - - 2 (8%) -
  Illinois - - 2 (8%) -
  Colorado - - 2 (8%) -
  Tennessee 1 (17%) - 1 (4%) -
  Rhode Island 1 (17%) - 1 (4%) -
  Connecticut 1 (17%) - 1 (4%) -
  South Carolina - - 1 (4%) -
  Minnesota - - 1 (4%) -
  Michigan - - 1 (4%) -
Canada 1 (17%) - 1 (4%) -
  Ontario 1 (17%) - 1 (4%) -
Domestic 5 (83%) - 23 (96%) -
Cross-border 1 (17%) - 1 (4%) -
Total 6 - 24 -

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 2 (33%) - 11 (46%) -
Recapitalization 4 (67%) - 10 (42%) -
Growth Capital - - 1 (4%) -
Secondary Buyout - - 1 (4%) -
Venture - - 1 (4%) -
Total 6 - 24 -

Exits by Deal Type

Type Total # Value
Secondary Sale 12 (52%) -
Trade Sale 6 (26%) 150M (100%)
Trade Sale - Public Company 4 (17%) -
IPO 1 (4%) -
Total 23 $150M

Top M&A Advisors

Financial Deals
Duff & Phelps Corp.
 1
Robert W. Baird & Co., Inc.
 1
TM Capital Corp.
 1
Legal Deals
Ice Miller
 2

Deal Values

sell # Total
$100M to $1B 1 $150M
TOTAL $150M
Largest Exacq Technologies, Inc.
$150M (2013-07-29)

M&A Connections

Deals
Acquired from
Investor(s)
8%
2 (8%)
Exited to
Investor(s)
48%
11 (48%)
Strategic(s)
43%
10 (43%)

Investor Summary

Investor Type

Private Equity Firm

Size

Middle-Market

PE Assets

500M USD

Established

1981

Specialist/Generalist

Generalist

Leadership

Scot Swenberg

Managing Partner

Eric Bruun

Partner

John Aplin

Partner

Steve Cobb

Partner

Cory Heck

Managing Director

FAQ

When was CID Capital founded?

CID Capital was founded in 1981.

What type of investor is CID Capital?

CID Capital is a private equity firm.

Where is CID Capital headquartered?

CID Capital is headquartered in Indianapolis, Indiana.

How much capital does CID Capital have under management?

CID Capital has 500M USD under management.

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