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.