Insights

21 August 2018

CID Expands Business Development Team

CID Capital is pleased to announce the recent hire of Ryan Cutter to the role of Business Development Associate. He will be working with Adam Bolerjack

CID Capital is pleased to announce the recent hire of Ryan Cutter to the role of Business Development Associate.  He will be working with Adam Bolerjack to increase pipeline activity, generate targeted deal flow, conduct strategic outreach/follow-up, and develop focused marketing campaigns.

Ryan has a unique path to CID, having previously worked in array of supply chain functions for Fortune 500 British Aerospace Company, Rolls-Royce. His expertise in global communication and operations will allow CID to retain and grow key intermediary relationships. Outside of work, Ryan also serves on the board for the Indiana University-Purdue University-Indianapolis’ Athletic Board.

Ryan completed both his undergraduate degree & MBA from Indiana University- Indianapolis’ Kelley School of Business. While in college Ryan also captained both the Cross Country & Track Programs.

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25 July 2018

CID Capital partners with ProSource

CID Capital is proud to announce that it has partnered with ProSource. Headquartered in Greenville, South Carolina, ProSource is a leading wholesale distributor of plumbing supplies

CID Capital is proud to announce that it has partnered with ProSource. Headquartered in Greenville, South Carolina, ProSource is a leading wholesale distributor of plumbing supplies and related building products serving a large base of new and aftermarket customers throughout the Southeast.

CID worked closely with ProSource’s co-founders, Grover and Tonya Martin, to achieve their goals. Grover commented, “This is truly an exciting time for ProSource. We are looking forward to working with CID as we continue to capitalize on the opportunities we see to grow our business.”

Grover and Tonya will continue to lead ProSource and are excited about the Company’s future.

“ProSource’s approach to customer service and their sophisticated technical support combined with a broad product mix, on-time delivery, and an excellent reputation made this an ideal investment for CID,” stated Eric Bruun, Managing Director at CID Capital. “We are enthusiastic about our newly formed partnership with Grover and Tonya Martin and the entire ProSource team.”

In support of the recapitalization, First Merchants Bank provided the senior financing and Huntington Mezzanine Finance Group provided the subordinated debt financing.

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31 May 2018

CID Capital Exits J.L. Darling

CID Capital is pleased to announce the recent sale of J.L. Darling (dba Rite in the Rain). J.L. Darling is a Tacoma, Washington-based company

CID Capital is pleased to announce the recent sale of J.L. Darling (dba Rite in the Rain). J.L. Darling is a Tacoma, Washington-based company that focuses on developing all weather paper products such as notebooks, binders, & planners.

Steve Cobb, Managing Director stated, “CID has had great success at recapitalizing family owned businesses, by partnering with the family to unlock previously untapped value. We were able to grow the business by recruiting senior leadership, adding breadth to an already established lineup of products and expanding channels of distribution. The J.L. Darling team did a phenomenal job delivering a successful outcome for all shareholders involved in the transaction. I have no doubt they will continue to expand and grow the company.”

J.L Darling was an ideal CID investment for a variety of reasons: family-owned business; owner recapitalization; strong, consistent performance; stable cash flow generation; significant growth potential.

CID Capital and J.L. Darling partnered with Huntington Bank and Northstar Capital during the investment. Integris Partners provided advisory services to J.L. Darling.

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