Insights

10 September 2019

CID Capital Exits ABC Industries

CID Capital is pleased to announce the recent sale of ABC Industries. ABC Industries is a Winona Lake, Indiana-based company that focuses on developing industrial ventilation and technical fabrics that support the aviation, construction and mining sectors.

John Aplin, Managing Director stated, “Working with Steve Fleagle, the ABC Industries’ management team and all of ABC’s employees has been an extremely rewarding experience. During CID’s ownership, the Company performed exceptionally well executing its plan to diversify into alternative end markets.  ABC Industries has built a strong foundation for growth, and the future is bright for ABC Industries thanks to the dedication and commitment of everyone in the Company.”
ABC Industries was an ideal CID investment for a variety of reasons: privately owned business; excellent market reputation; strong, consistent historical performance; stable cash flow generation and diversified growth potential. 
Steve Fleagle, CEO of ABC stated, “CID was the perfect transition from privately-held to private equity for ABC Industries and the management team. The CID team consistently and patiently worked beside management. The Midwestern values they exhibited at the onset remained in the relationship through the exit. We are very pleased with the relationship we had with CID and look forward to exciting new things ahead for ABC.”CID Capital and ABC Industries partnered with BMO Financial Group and Barings LLC during the investment. Capstone Headwaters provided advisory services to ABC Industries. 

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01 July 2019

CID parters with Seaga Manufacturing

CID Capital is proud to announce that is has partnered with Seaga Manufacturing. Headquartered in Freeport, Illinois, Seaga is a leading manufacturer of intelligent food/beverage and industrial vending equipment sold across multiple end markets.

CID Capital is proud to announce that it has partnered with Seaga Manufacturing. Headquartered in Freeport, Illinois, Seaga is a leading manufacturer of intelligent food/beverage and industrial vending equipment sold across multiple end markets.

CID worked closely with Seaga’s founder, Steve Chesney, to achieve his goals. Steve commented, “CID’s unique approach coupled with its high quality resources in its offering tipped the scale in my selection of a strategic partner to facilitate Seaga’s many growth opportunities within our industry.” 

Steve will continue to lead Seaga and is excited about the Company’s future. 

“Seaga’s approach to engineering and customer service combined with a broad product mix 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 Steve Chesney and the entire Seaga team.” In support of the recapitalization, Stifel Bank & Trust provided the senior financing and ORIX provided the subordinated debt financing. Dinan Capital Advisors served as the exclusive financial adviser to Seaga. Colorful

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25 March 2019

Eric Derheimer to Speak at 2019 Indiana M&A Conference

Eric Derheimer to Speak at 2019 Indiana M&A Conference

CID Capital is proud to announce that Eric Derheimer, Vice President, will be speaking at the 2019 Indiana M&A conference. Eric will be apart of a panel speaking about the benefits of Reps & Warranties Insurance when making acquisitions. The conference will take place in Indianapolis at the JW Marriott on April 30th.

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