CID Capital Recapitalizes Seaga Manufacturing
August 2, 2019
CID Capital has completed a recapitalization partnership with Seaga Manufacturing, a Freeport, Illinois–based maker of intelligent food/beverage and industrial vending equipment. Founder Steve Chesney will remain CEO, while Stifel Bank & Trust and ORIX provided senior and subordinated financing respectively and Dinan Capital Advisors served as Seaga’s exclusive financial adviser.
- Buyers
- CID Capital
- Targets
- Seaga Manufacturing
- Industry
- Manufacturing
- Location
- Illinois, United States
- Transaction Type
- Recapitalization
Explore More
Related Acquisitions
-
Dominus Capital Acquires Seaga Manufacturing from CID Capital
November 3, 2021
Manufacturing
New York-based Dominus Capital has acquired Seaga Manufacturing, a Freeport, Illinois-based designer and manufacturer of vending machines and unattended technologies, from Indianapolis-based private equity firm CID Capital. Terms were not disclosed. Dominus said it made the investment to back Seaga's differentiated, customer-first model and global manufacturing footprint (U.S. and India).
-
CID Capital Recapitalizes Georgia Metals
September 15, 2022
Building Products
Indianapolis-based private equity firm CID Capital partnered with Georgia Metals in a recapitalization to support the company's growth and acquisition strategy across the Southeast. CID will continue to work with Georgia Metals' President Tripp Strickland and the transaction was financed in part by First Merchants Bank.
-
Seacoast Capital and Bochi Investments Recapitalize Superior Fruit Equipment
February 27, 2025
Manufacturing
Seacoast Capital has joined Bochi Investments to provide a unitranche debt and preferred equity financing supporting a recapitalization of Superior Fruit Equipment, a Wenatchee, Washington-based manufacturer of pruning tools and harvest equipment. The deal, led by Bochi, provides liquidity to certain shareholders and growth capital to support the company’s expansion and operations; terms were not disclosed.
-
CID Capital Recapitalizes Wiseway
September 30, 2022
Building Products
Indianapolis-based private equity firm CID Capital has partnered with Wiseway (a Florence, Kentucky-based distributor of electrical, plumbing, and lighting supplies) in a recapitalization to support the company’s next phase of growth. Reinsurance Group of America provided financing for the transaction; Wiseway’s president John Cain will continue to partner with CID and the company will implement a formal board to drive growth and profitability.
-
CID Capital Recapitalizes Giftcraft Ltd.
January 22, 2019
Consumer Products
CID Capital completed a recapitalization and new investment in Giftcraft Ltd., partnering with CEO Trevor Cohen and EVP Gary Polan who will remain in their roles. HSBC and Orix Mezzanine & Private Equity supported the recapitalization while Piper Jaffray advised Giftcraft; CID intends to pursue add-on acquisitions to accelerate Giftcraft's growth.
-
CID Capital Acquires PDQ Manufacturing
March 3, 2023
Manufacturing
Indianapolis-based private equity firm CID Capital has acquired PDQ Manufacturing, a Lancaster, Pennsylvania manufacturer of commercial door hardware, locks, deadbolts, door closers and electronic locking solutions. CID named industry veteran Phil Bradney as CEO and said it will support the company’s growth under its ownership.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.