April 18, 2023: Indianapolis-based private equity firm CID Capital (“CID”), which recently closed its largest fund in the firm's history, announced that it has partnered with Midwest Remediation. Founded in 1989, Midwest Remediation is a leading provider of water, fire, mold and reconstruction services to residential and commercial customers.
CID teamed with Midwest Remediation founder and CEO, Dave Sweet. Dave commented, "MWR has served the greater Indianapolis area for 33 years. We have wanted to expand our business model and we were looking for the perfect partner. We feel that CID Capital is that group! With CID as our financial partner, we will be able to move our dream forward in a major way."
"Midwest Remediation is an ideal platform to grow through acquisitions. The Company has many advantages that will appeal to smaller competitors considering a combination." said Eric Derheimer, Managing Director. "This is a special opportunity for us given the Company's Indianapolis roots. We are thrilled to support MWR."
Please reach out to Ryan Cutter with any questions or potential new investment opportunities.