CID Capital Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, CID Capital has acquired 7 companies. It has also invested in 1 other.

CID Capital’s most common sectors for investment areconsumer products (25%) and manufacturing (22%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (44%) and recapitalization (41%). In total, CID Capital has invested in 17 US states and 2 different countries.

In the last 3 years, CID Capital has exited 5 companies. The Firm’s most common exit type is trade sale (44%). 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 Activity57
    • M&A Buy Activity32
    • M&A Sell Activity25
  • Total Sectors Invested 13
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 23
  • M&A Advisors 4

CID Capital

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 $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.


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, Canada

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

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.6/yr) # 24 - - 5 2 1 32
Sell (1.0/yr) # 20 - 2 2 1 - 25
vol $150M $150M
  57

Most Recent M&A

Company Date Value Type
Kind Water Systems 2024-01-16 - Buyout (LBO, MBO, MBI)
Daytona Beach, Florida · www.kindwater.com
Strahman Valves, Inc. 2023-07-19 - Trade Sale
Bethlehem, Pennsylvania · www.strahmanvalves.com
Midwest Remediation 2023-04-18 - Buyout (LBO, MBO, MBI)
Indianapolis, Indiana · www.mwremediation.com
PDQ Manufacturing LLC 2023-03-03 - Buyout (LBO, MBO, MBI)
Lancaster, Pennsylvania · www.pdqlocks.com
Wiseway Supply 2022-09-30 - Recapitalization
Florence, Kentucky · www.wisewaysupply.com
ProSource LLC 2022-09-26 - Secondary Sale
Greenville, South Carolina · www.prosourcesupply.com
Lettermen's Energy Holdings 2022-09-20 - Consolidation
Overland Park, Kansas · www.lettermensenergy.com
Georgia Metals 2022-09-15 - Stake Purchase
Danielsville, Georgia · www.georgiametals.com
Grandview Gallery 2022-04-27 - Merger
Memphis, Tennessee · www.grandviewgallery.com
LumiSource LLC 2022-01-13 - Recapitalization
Elk Grove Village, Illinois · www.lumisource.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
LumiSource LLC 2022-01-13 Grandview Gallery 2022-04-27 1
Elk Grove Village, Illinois · www.lumisource.com Memphis, Tennessee · www.grandviewgallery.com
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 1 (10%) - 8 (25%) -
Manufacturing 1 (10%) - 7 (22%) -
Distribution 4 (40%) - 6 (19%) -
Building Materials 1 (10%) - 2 (6%) -
Apparel/Textiles - - 1 (3%) -
Automotive 1 (10%) - 1 (3%) -
Business Services 1 (10%) - 1 (3%) -
Electrical Equipment - - 1 (3%) -
Furniture 1 (10%) - 1 (3%) -
Internet Software and Services - - 1 (3%) -
Medical Products - - 1 (3%) -
Retail - - 1 (3%) -
Transportation - - 1 (3%) -
Total 10 - 32 -

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 10 (100%) - 31 (97%) -
  Pennsylvania 2 (20%) - 4 (13%) -
  Kansas 1 (10%) - 3 (9%) -
  Indiana 1 (10%) - 3 (9%) -
  Illinois 1 (10%) - 3 (9%) -
  Washington - - 3 (9%) -
  California - - 3 (9%) -
  Colorado - - 2 (6%) -
  Rhode Island 1 (10%) - 1 (3%) -
  Kentucky 1 (10%) - 1 (3%) -
  Georgia 1 (10%) - 1 (3%) -
  Florida 1 (10%) - 1 (3%) -
  Alabama 1 (10%) - 1 (3%) -
  Tennessee - - 1 (3%) -
  South Carolina - - 1 (3%) -
  Minnesota - - 1 (3%) -
  Michigan - - 1 (3%) -
  Connecticut - - 1 (3%) -
Canada - - 1 (3%) -
  Ontario - - 1 (3%) -
Domestic 10 (100%) - 31 (97%) -
Cross-border - - 1 (3%) -
Total 10 - 32 -

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 4 (40%) - 14 (44%) -
Recapitalization 4 (40%) - 13 (41%) -
Consolidation 1 (10%) - 1 (3%) -
Growth Capital - - 1 (3%) -
Secondary Buyout - - 1 (3%) -
Stake Purchase 1 (10%) - 1 (3%) -
Venture - - 1 (3%) -
Total 10 - 32 -

Exits by Deal Type

Type Total # Value
Secondary Sale 12 (48%) -
Trade Sale 7 (28%) 150M (100%)
Trade Sale - Public Company 4 (16%) -
IPO 1 (4%) -
Merger 1 (4%) -
Total 25 $150M

Top M&A Advisors

Financial Deals
Baird
 1
TM Capital Corp.
 1
Kroll
 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)
6%
2 (6%)
Exited to
Investor(s)
44%
11 (44%)
Strategic(s)
48%
12 (48%)

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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