CID Capital Acquires Kind Water Systems

Fortune Brands Innovations Acquires SpringWell Water Filtration Systems

February 29, 2024

Building Products

Fortune Brands Innovations (FBIN) acquired SpringWell Water Filtration Systems on February 29, 2024 for approximately $105 million ($92 million net of tax benefits). The acquisition expands Fortune Brands' whole-home water offering and adds SpringWell's direct-to-consumer, digital marketing capabilities and recurring revenue streams to FBIN's portfolio.

Cleanwater1 Acquires Integrity Municipal Systems (IMS)

February 4, 2025

Environmental Services

Cleanwater1, a Baird Capital–backed water technologies platform, has completed the acquisition of Integrity Municipal Systems (IMS), a designer and supplier of packaged lime slaking, chemical feed, odor control and related process systems for municipal and industrial water/wastewater customers. The deal expands Cleanwater1’s engineered solutions and service capabilities for lime systems, odor control and chemical feed systems.

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.

Tidal Vision Products Acquires Clear Water Services

August 8, 2023

Environmental Services

Tidal Vision Products, Inc. has acquired long-time customer Clear Water Services to integrate Clear Water's mobile and modular water treatment systems with Tidal Vision's chitosan-based Tidal Clear technologies. The acquisition gives Tidal Vision expanded deployment capabilities, access to field performance data across 200+ sites to accelerate R&D, and strengthens Clear Water Services' capacity to build advanced treatment systems and expand its national footprint.

CID Capital Merges Wiseway Supply and Park Supply

March 27, 2024

Building Products

Indianapolis-based private equity firm CID Capital announced the merger of its portfolio companies Wiseway Supply (Florence, KY) and Park Supply (Huntsville, AL) to form a combined super-regional distributor of plumbing, electrical and lighting products. The consolidation creates a larger multi-location platform under CEO Mark Christie to capture distribution synergies, expand geographic reach, and support continued organic and acquisition growth.