February: Georgia Metals Acquires Watson Metals
Georgia Metals, a distributor of metal roofing and paneling products announced it has continued its Mid-south expansion. The acquisition of Watson Metals was the fourth acquisition by Georgia Metals since partnering with CID in August 2022.
March: CID Announces Merger Between Wiseway Supply and Park Supply
CID announced the merger between two portfolio companies Wiseway Supply and Park Supply, two leaders in the plumbing and electrical wholesale distribution industry. The combined entity is positioned as a formidable and highly diversified super-regional distributor.
June: CID Partners with Roebuck Landscaping
CID announced that it has acquired Roebuck Wholesale Nursery and Landscaping, Inc. Roebuck is a leading provider of commercial and residential landscaping services serving the growing South Carolina, North Carolina, and Georgia markets for 25 years.
September: Midwest Remediation Partners with Cincinnati based Icon Property Rescue
Midwest Remediation is a leading provider of emergency restoration services. CID has announced that it has acquired Icon Property Rescue of Cincinnati. Icon is the second acquisition for MWR since CID’s original investment in February 2023.
October: CID Expands Propane Distribution Buy & Build Platform
Letterman’s Energy, an industry leading consolidator of independent retail propane distributors announced that it has acquired Arrowhead Propane. The acquisition of Arrowhead Propane has allowed Lettermen’s to further expand into the New Mexico market and enter the Colorado market.
October: CID Capital Announces Oversubscribed Fund IV; Heck and Derheimer Announced as Co-Managing Partners
CID is pleased to announce the closing of its fourth buyout fund (Fund IV). Fund IV had a first and final close at the hard cap of $250 million, finishing well about the $200 million target cap. Alongside the closing of the fund, Cory Heck and Eric Derheimer were announced as Co-Managing Partners of CID Capital.
This list only summarizes press releases issued by CID during 2024 regarding the funds and portfolio companies. Not all portfolio companies issued press releases during 2024. For a complete list of portfolio companies for the funds CID manages, please reach out to the Firm. Investing involves risk, including the potential loss of principal invested. This press release does not constitute an offer to sell or a solicitation of an offer to invest in funds managed by CID, and is intended for informational purposes only. Any offer will be made solely pursuant to a Confidential Offering Memorandum ('COM") to qualified offerees.