CID Capital Recapitalizes Georgia Metals

Georgia Metals (CID Capital) Acquires Watson Metals

February 13, 2024

Building Products

Georgia Metals, a portfolio company of CID Capital, acquired Watson Metals, a Manchester, Tennessee-based provider of metal roofing, pole barns, and pre-engineered steel buildings. The transaction, advised by Generational Capital Markets, closed on February 5, 2024; the deal expands Georgia Metals' footprint and product offering in the Southern U.S.

CID Capital Recapitalizes Park Supply

January 10, 2022

Building Products

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.

CID Capital Recapitalizes Seaga Manufacturing

August 2, 2019

Manufacturing

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.

CID Capital Invests in Midwest Remediation

April 18, 2023

Environmental Services

Indianapolis-based private equity firm CID Capital has partnered with Midwest Remediation, a restoration and remediation services provider founded in 1989, to provide financial backing and support growth. The investment positions Midwest Remediation as a platform to pursue acquisitions and expand its water, fire, mold and reconstruction services across the region while founder and CEO Dave Sweet remains involved.

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 Partners Invests in Corvette America

January 28, 2019

Manufacturing

CID Capital Partners has partnered with Corvette America, a Reedsville, Pennsylvania-based manufacturer, distributor and e-tailer of aftermarket restoration and performance products for Chevrolet Corvettes and Ford Mustangs. The transaction is supported by senior financing from First Merchants Bank and subordinated debt from Aldine Capital Partners; CID intends to grow Corvette America as a platform and pursue add-on acquisitions to accelerate expansion.