M&A Deal Summary

CID Capital Acquires PDQ Manufacturing

On March 3, 2023, private equity firm CID Capital acquired building materials company PDQ Manufacturing

Acquisition Highlights
  • This is CID Capital’s 2nd transaction in the Building Materials sector.
  • This is CID Capital’s 29th transaction in the United States.
  • This is CID Capital’s 4th transaction in Pennsylvania.

M&A Deal Summary
Date 2023-03-03
Target PDQ Manufacturing
Sector Building Materials
Buyer(s) CID Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

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.

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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 30 of 32
Sector (Building Materials) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 12 of 14
State (Pennsylvania) 4 of 4
Country (United States) 29 of 31
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-30 Wiseway Supply

Florence, Kentucky, United States

Wiseway is a value-added distributor of electrical, plumbing, and lighting supplies to residential and commercial contractors. Wiseway Supply was founded in 1972 and is based in Florence, Kentucky.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-18 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.

Buy -
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