Buyout (LBO, MBO, MBI) • Manufacturing

CID Capital Acquires Seaga

On September 2, 2019, private equity firm CID Capital acquired manufacturer Seaga

Acquisition Context

This is CID Capital’s 6th transaction in the Manufacturing sector.
This is CID Capital’s 23rd transaction in the United States.
This is CID Capital’s 2nd transaction in Illinois.

Investment Fate

Seaga was sold to a consortium of financial buyers in 2021.

Explore All 1610 Buyout (LBO, MBO, MBI) Manufacturing Deals - Search the Database Free

M&A Deal Summary
Date	September 2, 2019
Target	Seaga
Sector	Manufacturing
Buyer(s)	CID Capital
Deal Type	Buyout (LBO, MBO, MBI)
Advisor(s)	Dinan Capital Advisors (Financial)

Target Company

Seaga

Freeport, Illinois, United States

Seaga is a manufacturer of Food & Beverage, Industrial, and Water vending solutions. Seaga pairs its high-quality, customized solutions with a rapid prototyping and turnaround process to meet each customer's delivery demands. Seaga was founded in 1987 and is based in Freeport, Illinois.

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Buyer Overview 1

Buyer

CID Capital

Carmel, Indiana, United States

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 Context for Buyer	#
Overall	24 of 32
Sector: Manufacturing	6 of 7
Type: Buyout (LBO, MBO, MBI)	11 of 14
State: Illinois	2 of 3
Country: United States	23 of 31
Year: 2019	3 of 3

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2019-08-05	ABC Industries Winona Lake, Indiana, United States ABC Industries is a fully integrated and diversified manufacturer of industrial and mining ventilation products. ABC Industries was founded in 1926 and is based in Winona Lake, Indiana.	Sell	-

DATE

TARGET

DEAL TYPE

VALUE

2019-08-05

ABC Industries

Winona Lake, Indiana, United States

ABC Industries is a fully integrated and diversified manufacturer of industrial and mining ventilation products. ABC Industries was founded in 1926 and is based in Winona Lake, Indiana.

Sell

FOLLOWING DEAL

DATE	TARGET	DEAL TYPE	VALUE
2019-10-21	Team Drive-Away Olathe, Kansas, United States Team Drive-Away, Inc. is a non-asset-based commercial vehicle logistics provider specializing in matching professional drivers with moves of used and new heavy-haul Class 8 trucks for sellers and buyers as well as moves to reposition and optimize fleets. Team Drive-Away was founded in 2007 and is based in Olathe, Kansas.	Sell	-

DATE

TARGET

DEAL TYPE

VALUE

2019-10-21

Team Drive-Away

Olathe, Kansas, United States

Team Drive-Away, Inc. is a non-asset-based commercial vehicle logistics provider specializing in matching professional drivers with moves of used and new heavy-haul Class 8 trucks for sellers and buyers as well as moves to reposition and optimize fleets. Team Drive-Away was founded in 2007 and is based in Olathe, Kansas.