M&A Deal Summary

CID Capital Acquires Midwest Remediation

On April 18, 2023, private equity firm CID Capital acquired business services company Midwest Remediation

Acquisition Highlights
  • This is CID Capital’s 1st transaction in the Business Services sector.
  • This is CID Capital’s 30th transaction in the United States.
  • This is CID Capital’s 3rd transaction in Indiana.

M&A Deal Summary
Date 2023-04-18
Target Midwest Remediation
Sector Business Services
Buyer(s) CID Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Midwest Remediation

Indianapolis, Indiana, United States
Midwest Remediation is a remediation, restoration, and emergency response business. With 24/7 customer service and IIRC-trained specialists, focuses on restoration services in response to catastrophic events such as water damage, fire damage, mold remediation, and trauma cleanup. Midwest Remediation was founded in 1989 and is based in Indianapolis, Indiana.

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Buyer(S) 1

Buyer

CID Capital

Indianapolis, Indiana, United States

Investor 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 31 of 32
Sector (Business Services) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 13 of 14
State (Indiana) 3 of 3
Country (United States) 30 of 31
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-03 PDQ Manufacturing

Lancaster, Pennsylvania, United States

PDQ Manufacturing is a manufacturer of commercial-grade door hardware products including, locks, deadbolts, door closers, exit devices, and electronic solutions. PDQ Manufacturing was founded in 1983 and is based in Lancaster, Pennsylvania.

Buy -
FOLLOWING 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 -
Mergr

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