CID Capital Recapitalizes Park Supply
January 10, 2022
Indianapolis-based private equity firm CID Capital has partnered with Park Supply, a wholesale distributor of plumbing supplies with locations in Huntsville and Athens, Alabama. The transaction is a recapitalization that provides owner liquidity to founders Rusty Dinwiddie, Mark Stephens and Jimbo Saunders and positions Park Supply for growth with senior and subordinated financing provided by First Horizon Bank and Reinsurance Group of America.
- Buyers
- CID Capital
- Targets
- Park Supply
- Sellers
- Rusty Dinwiddie, Mark Stephens, Jimbo Saunders
- Industry
- Building Products
- Location
- Alabama, United States
- Transaction Type
- Recapitalization
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