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
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