M&A Deal Summary

CID Capital Acquires Wiseway Supply

On September 30, 2022, private equity firm CID Capital acquired distribution company Wiseway Supply

Acquisition Highlights
  • This is CID Capital’s 6th transaction in the Distribution sector.
  • This is CID Capital’s 28th transaction in the United States.
  • This is CID Capital’s 1st transaction in Kentucky.

M&A Deal Summary
Date 2022-09-30
Target Wiseway Supply
Sector Distribution
Buyer(s) CID Capital
Deal Type Recapitalization

Target

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.

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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 29 of 32
Sector (Distribution) 6 of 6
Type (Recapitalization) 13 of 13
State (Kentucky) 1 of 1
Country (United States) 28 of 31
Year (2022) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-26 ProSource

Greenville, South Carolina, United States

ProSource is a wholesale distributor of plumbing supplies luxury plumbing fixtures, electrical, lighting, cabinet, and door hardware. ProSource was founded in 1996 and is based in Greenville, South Carolina.

Sell -
FOLLOWING 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 -
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