M&A Deal Summary

CID Capital and Centerfield Capital Partners Acquire Kind Water Systems

On January 16, 2024, private equity firm CID Capital and mezzanine finance firm Centerfield Capital Partners acquired manufacturer Kind Water Systems

Acquisition Highlights
  • This is CID Capital’s 7th and Centerfield Capital Partners’ 7th transaction in the Manufacturing sector.
  • This is CID Capital’s 31st and Centerfield Capital Partners’ 89th transaction in the United States.
  • This is CID Capital’s 1st and Centerfield Capital Partners’ 2nd transaction in Florida.

M&A Deal Summary

Date 2024-01-16
Target Kind Water Systems
Sector Manufacturing
Buyer(s) CID Capital
Centerfield Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Kind Water Systems

Daytona Beach, Florida, United States
Kind Water Systems provides water treatment systems that help homeowners protect their families from potentially dangerous impurities in their water, as well as protect their plumbing, fixtures, and appliances from the damaging effects of hard water scale. Kind Water Systems is based in Daytona Beach, Florida.

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Buyer(S) 2

Buyer

CID Capital

Indianapolis, Indiana, United States

Investor Investor Investor Investor


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 32 of 32
Sector (Manufacturing) 7 of 7
Type (Buyout (LBO, MBO, MBI)) 14 of 14
State (Florida) 1 of 1
Country (United States) 31 of 31
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-19 Strahman Group

Bethlehem, Pennsylvania, United States

Strahman Group is a manufacturer and designer of the highest quality and best-performing valve products. Strahman develops innovative solutions to complex problems and engineers products with world-leading performance and value. Strahman Group was founded in 1921 and is based in Bethlehem, Pennsylvania.

Sell -
Buyer

Centerfield Capital Partners

Indianapolis, Indiana, United States


Category Mezzanine Finance Firm
Founded 2001
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Centerfield Capital Partners is a private investment firm that provides subordinated debt and equity capital to mid-market companies. Prospective transactions include acquisition financings, management buyouts, shareholder liquidity needs, recapitalizations, corporate divestitures, ESOP financings, and sponsored/unsponsored transactions. Centerfield generally invests in companies with sales of $15 to $100 million and EBITDA of $3 to $15 million. Target sectors include manufacturing, business services, healthcare services, and transportation/distribution. Centerfield will not invest in early stage businesses, turnaround situations, retail, real estate, and finance companies. Centerfield Capital Partners was founded in 2001 and is based in Indianapolis, Indiana.


DEAL STATS #
Overall 89 of 97
Sector (Manufacturing) 7 of 7
Type (Buyout (LBO, MBO, MBI)) 37 of 39
State (Florida) 2 of 3
Country (United States) 89 of 97
Year (2024) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-16 Head Rush Technologies

Louisville, Colorado, United States

Head Rush Technologies is a provider of adventure safety equipment and maintenance services. Head Rush products can be found in climbing gyms, family entertainment centers, and adventure parks, among other facility types. Head Rush Technologies was founded in 2012 and is based in Louisville, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-10 Highdive

Chicago, Illinois, United States

Highdive is a creative-first advertising agency specializing in the strategy, development, and delivery of high-profile marketing campaigns for prominent brands. The Company provides a fully integrated service offering, primarily strategic, creative, and production services, across various advertising channels, including digital, TV, print, earned activations, and more. Highdive was formed in 2016 and is based in Chicago, Illinois.

Buy -