Insights

13 January 2022

CID Capital Partners with LumiSource

Indianapolis-based private equity firm CID Capital (“CID”) announced that it has partnered with LumiSource. Founded in 1997, LumiSource is a provider of home décor and furnishings sold predominantly through online retailers. Terms of the transaction were not disclosed.

“We are very excited for the opportunity to accelerate our growth with CID as a platform for more home décor products and categories to expand our available assortment to our retail and commercial partners,” said Steve Lee, President of LumiSource.

“LumiSource’s culture is rooted in systematic and comprehensive new product development valued by a diverse set of customers across both e-commerce and traditional retail. This skillset, combined with highly sophisticated IT-driven operations, gives LumiSource a unique position for continued growth. We are excited about the partnership with the Lee Family and the rest of the LumiSource team,” said Steve Cobb, Managing Partner of CID Capital.

In support of the recapitalization, Stifel Bank provided the senior financing and Northstar Capital provided the subordinated debt financing. Mesirow Financial, Inc. acted as exclusive financial advisor to LumiSource on this transaction.

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09 January 2022

CID Capital Expands Investment Team

Indianapolis-based private equity firm CID Capital (“CID”) is pleased to announce the recent hiring of Chase Williams to support the firm’s continued growth.

“We are excited to welcome Chase to the CID Capital team. He is a key addition to the firm and brings deep private equity investment experience that will allow him to make immediate contributions in our transaction review and diligence efforts. We are also looking forward to Chase working alongside our high-quality portfolio company management teams as they continue to execute add-on acquisitions as part of their respective value creation plans. Chase’s background, track record, and skill set match up perfectly with the talents of the CID Capital team and we are thrilled to have him join us,” said Steve Cobb, Managing Partner.

Chase joins the CID Capital team as a Vice President and is primarily responsible for evaluating and completing new investment transactions. Prior to joining CID, Chase was with The Heritage Group on the Strategy and M&A Team where he led add-on acquisitions to existing portfolio holdings. Prior to The Heritage Group, Chase was with Berkshire Partners in Boston, where his responsibilities included analyzing new investments, financial modeling, valuation, due diligence, deal process execution, sourcing and ongoing portfolio company monitoring and support. Chase began his career in the Private Equity Group at Goldman Sachs & Co. in New York, where he focused on the evaluation and due diligence of direct company, secondary and partnership investments across leveraged buyout, venture, real estate and distressed strategies.

Chase holds a B.S. in Economics from the Wharton School at the University of Pennsylvania. Outside of work, Chase is an avid sports fan and also enjoys golf, travel, watersports, and spending time with his dog, Jada.

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06 January 2022

CID Capital Partners with Park Supply

Indianapolis-based private equity firm CID Capital (“CID”) announced that it has partnered with Park Supply. Founded in 1963 with locations in Huntsville and Athens, Alabama, Park Supply is a leading wholesale distributor of plumbing supplies and related building products serving a large base of customers throughout northern Alabama and southern Tennessee.

CID worked closely with Park Supply’s owners, Rusty Dinwiddie, Mark Stephens and Jimbo Saunders, to achieve their goals in the transaction. Rusty commented, “This is truly an exciting time for Park Supply. We are looking forward to working with CID as we continue to capitalize on the opportunities we see to grow our business.”

“Park Supply has an excellent business with a reputation for outstanding customer service, sophisticated technical support and a broad product mix. The strength of the current business along with our ability to support management made this an ideal investment for CID,” stated Eric Derheimer, Managing Director at CID Capital. “We are enthusiastic about our newly formed partnership with Rusty, Mark and Jimbo along with the entire Park Supply team.”

In support of the recapitalization, First Horizon Bank provided the senior financing and Reinsurance Group of America provided the subordinated debt financing. Founders Advisors acted as financial advisor to Park Supply on this transaction.

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