Insights

30 November 2016

CID Capital partners with BigMouth Inc.

CID Capital is proud to announce that it has partnered with BigMouth Inc. BigMouth — a global brand synonymous with fun — infuses lifestyle products with their unique wit and knack for visual gags.

CID Capital is proud to announce that it has partnered with BigMouth Inc. BigMouth — a global brand synonymous with fun — infuses lifestyle products with their unique wit and knack for visual gags. Popular products include the Giant Frosted Donut Pool Float, the patented Wine Bottle Glass, and the original Prescription Coffee Mug. The Glastonbury, CT company designs and sells its product through leading blue-chip retailers around the world in over 50 countries. The brand is noted for its spot-on anticipation of trends, making it a fixture of social and mainstream media. BigMouth is regularly featured on Good Morning America, BuzzFeed, the Today Show, People Magazine, and more.

CID worked closely with BigMouth’s Founder & President, Steve Wampold, to achieve his transaction and transition goals. He commented, “This is truly an exciting time for BigMouth Inc. We were no doubt impressed with CID Capital’s expertise and know they will provide the resources we need to meet our potential as the go-to brand for fun.”

CID facilitated Steve’s desired transition to SVP of Creative Development while bringing on Gary Kiedaisch, a highly accomplished consumer products industry executive, to lead the Company.

Scot Swenberg, Managing Director at CID Capital, added “Even with their current growth, we believe BigMouth is still in the early pages of their success story.  The Company has a strong reputation for innovation and creative design, and the team has the vision to build long term value.  We are very excited about the opportunity to partner with Steve, Gary and the entire BigMouth team.”

As a part of the recapitalization, Cadence Bank and Capitala Group partnered to provide a unitranche debt financing. 

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15 June 2016

CID Capital partners with Classic Accessories

CID Capital is proud to announce that it has partnered with Classic Accessories, the largest designer and distributor of outdoor product covers.  Classic Accessories' products protect and cover consumers' outdoor gear, including cars, RVs, motorcycles, patio furniture, grills, boats, snowmobiles, power equipment, generators, ATVs, UTVs and golf carts.
CID Capital is proud to announce that it has partnered with Classic Accessories, the largest designer and distributor of outdoor product covers.  Classic Accessories’ products protect and cover consumers’ outdoor gear, including cars, RVs, motorcycles, patio furniture, grills, boats, snowmobiles, power equipment, generators, ATVs, UTVs and golf carts. Products can be purchased through the top retailers in the country and are represented in-store and online.  The Company is located in Kent, WA.
CID worked closely with Classic Accessories owners and management team to achieve their goals. Brian Bozlinski, the President of Classic Accessories, commented, “Our team has done a tremendous job of designing and bringing to market innovative new products.  We are looking forward to working with CID as we continue to capitalize on the opportunities we see to grow our business.”
Steve Cobb, Managing Director at CID Capital, added “Classic Accessories exemplifies the characteristics CID looks for in a partner.  The Company has a strong reputation for innovative and high quality products, and the team has the vision to build long term value.  We are very excited about the opportunity to partner with Brian and the entire Classic Accessories team.”
As a part of the recapitalization, FirstMerit provided senior financing and Northstar Capital provided subordinated debt financing.
CID is actively looking for add-on opportunities for Classic Accessories.  Please contact Adam Bolerjack or Eric Derheimer with potential investment ideas or questions regarding the Company.
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10 November 2015

CID Capital partners with Team Drive-Away

CID Capital is pleased to announce that it has partnered with Team Drive-Away, Inc. Team Drive-Away is a leading provider of Class 8 truck and specialized equipment drive-away delivery services. The Company is located in Shawnee, KS.

CID Capital is pleased to announce that it has partnered with Team Drive-Away, Inc. Team Drive-Away is a leading provider of Class 8 truck and specialized equipment drive-away delivery services.  The Company is located in Shawnee, KS.

CID worked closely with the owner of Team Drive-Away to achieve his goals.  Scott Shacklett, the CEO of Team Drive-Away, commented, “Our team has done a tremendous job of simultaneously recruiting and retaining drivers while providing our customers with best-in-class service.  This transaction will allow us to continue accelerating the growth we’ve been experiencing since we started the Company in 2006.  We are looking forward to working with CID as we capitalize on the opportunities to grow our business.”

Eric Bruun, Managing Director at CID Capital, added “Team Drive-Away exemplifies the characteristics CID looks for in a partner.  The Company has a leading trade name, a strong reputation for high quality service, and the vision to build long term value.  We are very excited about our partnership with the Team Drive-Away team.”

As part of the recapitalization, Enterprise Bank provided the senior financing and Babson Capital provided the subordinated debt financing.

For more information on this partnership, please contact Adam Bolerjack.

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