CID Capital Mergers and Acquisitions Summary

Private Equity Profile

In the last 3 years, CID Capital has acquired 1 company. It has also invested in 1 other.

CID Capital’s most common sectors for investment are manufacturing (25%) and consumer products (15%). The Firm’s most common investment types include buyout (lbo, mbo, mbi) (50%) and recapitalization (30%). In total, CID Capital has invested in 12 US states.

In the last 3 years, CID Capital has exited 4 companies. The Firm’s most common exit type is trade sale (45%). CID Capital’s largest (disclosed) exit occurred in 2013 when it sold Exacq Technologies for $150M.

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M&A Summary

  • M&A Total Activity40
    • M&A Buy Activity20
    • M&A Sell Activity20
  • Total Sectors Invested 11
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 23

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 $75 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, Distribution, Electrical Equipment, Financial Services, Food, Healthcare Services, Information Technology, Infrastructure, Internet Software and Services, Life Science, Machinery, Manufacturing, Medical Products, Metals/Mining, Retail, Safety/Security, Semiconductors, Technology Hardware, 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 ≤ '15 '16 '17 '18 '19 '20 T
Buy (0.6/yr) # 17 1 - 1 1 - 20
Sell (0.8/yr) # 16 - 2 - 2 - 20
vol $150M $150M
  40

Most Recent M&A

Company Date Value Type
Team Drive-Away, Inc. 2019-10-21 - Add-on Acquisition
Olathe, Kansas · www.teamdriveaway.com
ABC Industries, Inc. 2019-08-05 - Secondary Buyout
Winona Lake, Indiana · www.abc-industries.net
Corvette America, Inc. 2019-02-07 - Divestiture
Reedsville, Pennsylvania · www.corvetteamerica.com
ProSource LLC 2018-07-26 - Growth Capital
Greenville, South Carolina · www.prosourcesupply.com
Westone Laboratories, Inc. 2017-10-30 - Secondary Buyout
Colorado Springs, Colorado · www.westone.com
Matilda Jane Clothing 2017-05-04 - Secondary Buyout
Fort Wayne, Indiana · www.matildajaneclothing.com
BigMouth, Inc. 2016-11-18 - Buyout (LBO, MBO, MBI)
Glastonbury, Connecticut · www.bigmouthinc.com
Team Drive-Away, Inc. 2015-11-10 - Buyout (LBO, MBO, MBI)
Olathe, Kansas · www.teamdriveaway.com
Fit & Fresh, Inc. 2015-04-17 - Recapitalization
Providence, Rhode Island · www.fit-fresh.com
Strahman Valves, Inc. 2014-01-24 - Buyout (LBO, MBO, MBI)
Bethlehem, Pennsylvania · www.strahmanvalves.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Strahman Valves, Inc. 2014-01-24 BI-TORQ Valve Automation Inc. 2015-10-07 1
Bethlehem, Pennsylvania · www.strahmanvalves.com La Fox, Illinois · www.bitorq.com

M&A by Sector

Sector Current # Value All-time # Value
Manufacturing 3 (38%) - 5 (25%) -
Consumer Products 2 (25%) - 3 (15%) -
Medical Products 1 (13%) - 3 (15%) -
Building Materials 1 (13%) - 2 (10%) -
Apparel/Textiles - - 1 (5%) -
Automotive 1 (13%) - 1 (5%) -
Distribution - - 1 (5%) -
Electrical Equipment - - 1 (5%) -
Food - - 1 (5%) -
Internet Software and Services - - 1 (5%) -
Transportation - - 1 (5%) -
Total 8 - 20 -

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 8 (100%) - 20 (100%) -
  Pennsylvania 2 (25%) - 3 (15%) -
  California - - 3 (15%) -
  Washington 2 (25%) - 2 (10%) -
  Kansas - - 2 (10%) -
  Indiana - - 2 (10%) -
  Colorado - - 2 (10%) -
  South Carolina 1 (13%) - 1 (5%) -
  Rhode Island 1 (13%) - 1 (5%) -
  Illinois 1 (13%) - 1 (5%) -
  Connecticut 1 (13%) - 1 (5%) -
  Minnesota - - 1 (5%) -
  Michigan - - 1 (5%) -
Total 8 - 20 -

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 2 (25%) - 10 (50%) -
Recapitalization 3 (38%) - 6 (30%) -
Divestiture 1 (13%) - 1 (5%) -
Growth Capital 1 (13%) - 1 (5%) -
Secondary Buyout 1 (13%) - 1 (5%) -
Venture - - 1 (5%) -
Total 8 - 20 -

Exits by Deal Type

Type Total # Value
Secondary Sale 10 (50%) -
Trade Sale 5 (25%) 150M (100%)
Trade Sale - Public Company 4 (20%) -
IPO 1 (5%) -
Total 20 $150M

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
PE Firm(s)
50%
1 50%
Strategic(s)
50%
1 50%
Exited to
PE Firm(s)
53%
10 53%
Strategic(s)
47%
9 47%