CID Sells Seaga Manufacturing
|November 3, 2021: Indianapolis-based private equity firm CID Capital (“CID”) announced that it has recently completed the sale of Seaga Manufacturing (“Seaga”) to Dominus Capital, L.P. Terms of the deal were not disclosed. |
With over three decades of expertise, Seaga is one of the world’s leaders in the manufacturing, design, engineering and sale of vending technologies and accessories.
|CID originally partnered with the founder of Seaga in June 2019 to support management in the execution of their growth plan. As the business quickly expanded, CID invested in additional management team members, systems, product innovation, and marketing capabilities, all fundamental to Seaga’s long-term success. Eric Bruun, Partner, and Cory Heck, Managing Director, led the transaction for CID. Baird served as the exclusive transaction advisor and Ice Miller acted as legal counsel to CID in this transaction. |
About Seaga ManufacturingSeaga is headquartered in Freeport, IL, with a global presence anchored by facilities in the US and India. The Company’s inventory vending and dispensing solutions serve the industrial, water filtration, healthcare laundry and food & beverage markets. Seaga’s intelligent, customized solutions enable customers to improve inventory management, demand planning, inventory costs and shrinkage, all while providing safer product access.