CIC Partners Mergers and Acquisitions Summary

Private Equity Firm Profile

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

CIC Partners’ most common sectors for investment areoil/gas exploration (21%) and food (19%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (35%) and stake purchase (19%). In total, CIC Partners has invested in 15 US states and 2 different countries. Its largest (disclosed) acquisition occurred in 1986 when it acquired Darling Ingredients for $90M.

In the last 3 years, CIC Partners has exited 1 company. The Firm’s most common exit type is trade sale (28%). CIC Partners’ largest (disclosed) exit occurred in 2016 when it sold Continental Structural Plastics for $825M.

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

M&A Summary

  • M&A Total Activity72
    • M&A Buy Activity43
    • M&A Sell Activity29
  • Total Sectors Invested 18
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 21
  • M&A Advisors 1

CIC Partners

3879 Maple Avenue, Suite 400,
Dallas, Texas 75219
United States
(214) 871-6812
www.cicpartners.com
info@cicpartners.com

CIC Partners is a lower middle-market private equity firm that targets investments in energy, food service, manufacturing, service, retail, technology, and media companies. CIC looks for businesses generating sales of $10 to $500 million where the firm can invest $5 to $50 million of equity capital, either as a majority or minority position. Prospective transaction situations include management-led buyouts, growth financings, and recapitalizations. CIC Partners is the successor to Cardinal Investment Company's Private Equity Group, originally formed in 1974. CIC Partners is based in Dallas, Texas.


Investment Criteria

Sectors of Interest: Agriculture, Automotive, Beverages, Business Services, Consumer Services, Distribution, Education, Energy Services and Equipment, Financial Services, Food, Franchising, Furniture, Healthcare Services, Leisure, Life Science, Manufacturing, Marketing, Media, Medical Products, Oil/Gas Exploration, Packaging, Plastics, Publishing, Restaurants, Retail, Software, Technology Hardware

Target Transaction Types: Buyout (LBO, MBO, MBI), Going Private, Growth Capital, Recapitalization, Stake Purchase

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

Transaction Criteria Min Max
Target Revenue 10 500
Target EBITDA 5 50
Investment Size 5 50
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.8/yr) # 39 2 1 1 - - 43
vol $90M $90M
Sell (0.2/yr) # 28 - 1 - - - 29
vol $1.6B $1.6B
  72

Most Recent M&A

Company Date Value Type
Precision Aerospace Holdings LLC 2022-08-19 - Consolidation
Dallas, Texas · www.precisionaeroholdings.com
TSU One Holdings LLC 2021-04-06 - Growth Capital
Fort Worth, Texas · www.tsu1.com
DynaGrid Holdings LLC 2021-01-13 - Secondary Sale
Lewisville, Texas · www.dynagrid.com
Tri-state Vacuum & Rental LLC 2020-10-27 - Growth Capital
Joaquin, Texas · www.tristateoilfield.com
McClancy Foods & Flavors 2020-01-01 - Recapitalization
Fort Mill, South Carolina · www.mcclancy.com
RMX Resources LLC 2018-04-26 - Buyout (LBO, MBO, MBI)
, California
Taco Mac Restaurant Group 2018-03-16 - Unknown
Atlanta, Georgia · www.tacomac.com
DynaGrid Holdings LLC 2018-03-01 - Growth Capital
Lewisville, Texas · www.dynagrid.com
Pogo Resources LLC 2017-07-25 - Buyout (LBO, MBO, MBI)
Dallas, Texas
River Point Farms 2017-01-17 - Trade Sale
Hermiston, Oregon · www.riverpointfarms.com
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Oil/Gas Exploration 3 (30%) - 9 (21%) -
Food 3 (30%) - 8 (19%) -
Restaurants 1 (10%) - 7 (16%) -
Packaging - - 3 (7%) -
Business Services - - 2 (5%) -
Financial Services - - 2 (5%) -
Environmental - - 1 (2%) 90M (100%)
Aerospace 1 (10%) - 1 (2%) -
Automotive - - 1 (2%) -
Energy Services and Equipment 1 (10%) - 1 (2%) -
Engineering - - 1 (2%) -
Healthcare Services - - 1 (2%) -
Leisure - - 1 (2%) -
Medical Products - - 1 (2%) -
Plastics - - 1 (2%) -
Retail - - 1 (2%) -
Technology Hardware - - 1 (2%) -
Utilities 1 (10%) - 1 (2%) -
Total 10 - 43 $90M

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 10 (100%) - 42 (98%) 90M (100%)
  Texas 7 (70%) - 25 (58%) 90M (100%)
  California 1 (10%) - 3 (7%) -
  South Carolina 1 (10%) - 2 (5%) -
  Indiana 1 (10%) - 1 (2%) -
  Utah - - 1 (2%) -
  Oregon - - 1 (2%) -
  New York - - 1 (2%) -
  Minnesota - - 1 (2%) -
  Michigan - - 1 (2%) -
  Idaho - - 1 (2%) -
  Georgia - - 1 (2%) -
  Connecticut - - 1 (2%) -
  Colorado - - 1 (2%) -
  Arkansas - - 1 (2%) -
  Arizona - - 1 (2%) -
Canada - - 1 (2%) -
  British Columbia - - 1 (2%) -
Total 10 - 43 $90M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 4 (40%) - 15 (35%) 90M (100%)
Stake Purchase - - 8 (19%) -
Growth Capital 3 (30%) - 7 (16%) -
Recapitalization 1 (10%) - 5 (12%) -
PIPE - - 3 (7%) -
Consolidation 1 (10%) - 2 (5%) -
Venture 1 (10%) - 2 (5%) -
Divestiture - - 1 (2%) -
Total 10 - 43 $90M

Exits by Deal Type

Type Total # Value
Trade Sale 9 (31%) -
Secondary Sale 7 (24%) 250M (16%)
Trade Sale - Public Company 5 (17%) 990M (63%)
IPO 3 (10%) -
Sold to Management 2 (7%) -
Recapitalization 1 (3%) 180M (11%)
Bankruptcy 1 (3%) 150M (10%)
Unknown 1 (3%) -
Total 29 $1.6B

Top M&A Advisors

Financial Deals
Robert W. Baird & Co., Inc.
 1

Deal Values

buy # Total
< $100M 1 $90M
TOTAL $90M
Largest Darling Ingredients, Inc.
$90M (1986-01-01)
sell # Total
$100M to $1B 4 $1.4B
< $100M 2 $165M
TOTAL $1.6B
Largest Continental Structural Plastics, Inc.
$825M (2016-09-13)

M&A Connections

Deals
Acquired from
Investor(s)
2%
1 (2%)
Strategic(s)
2%
1 (2%)
Exited to
Investor(s)
24%
7 (24%)
Strategic(s)
28%
8 (28%)

Investor Summary

Investor Type

Private Equity Firm

Size

Middle-Market

PE Assets

500M USD

Established

1974

Specialist/Generalist

Generalist

Leadership

Fouad Bashour

Founding Partner

Marshall Payne

Founding Partner

Michael Rawlings

Founding Partner

Amir Yoffe

Partner

Chris Cowan

Senior Partner

FAQ

When was CIC Partners founded?

CIC Partners was founded in 1974.

What type of investor is CIC Partners?

CIC Partners is a private equity firm.

Where is CIC Partners headquartered?

CIC Partners is headquartered in Dallas, Texas.

How much capital does CIC Partners have under management?

CIC Partners has 500M USD under management.

 Subscribe to unlock this and 208,055
investor and company profiles

Sign-up today to get full access

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More
1 Week Free Trial Learn More

What's Mergr?

We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them.

Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone.

Try us for 1 week free today!

Mergr, the Easiest-to-Use PE and M&A DB

Key Benefits

  • Stay informed on events in your industry
  • M&A research that takes seconds (not all afternoon)
  • Better understand your customers and prospects
  • Discover active buyers (or sellers)
Search
  • 4.6K Private Equity Firms
  • 201K M&A Transactions
  • 203K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.6K M&A Advisors
    (Investment Banks and Law Firms)
  • 81K M&A Contacts
    (PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.

Mergr

Product

Company

Legal