CID Capital Exits J.L. Darling
CID Capital is pleased to announce the recent sale of J.L. Darling (dba Rite in the Rain). J.L. Darling is a Tacoma, Washington-based company that focuses on developing all weather paper products such as notebooks, binders, & planners. Steve Cobb, Managing Director stated, "CID has had great success at recapitalizing family owned businesses, by partnering with the family to unlock previously untapped value. We were able to grow the business by recruiting senior leadership, adding breadth to an already established lineup of products and expanding channels of distribution. The J.L. Darling team did a phenomenal job delivering a successful outcome for all shareholders involved in the transaction. I have no doubt they will continue to expand and grow the company." J.L Darling was an ideal CID investment for a variety of reasons: family-owned business; owner recapitalization; strong, consistent performance; stable cash flow generation; significant growth potential. CID Capital and J.L. Darling partnered with Huntington Bank and Northstar Capital during the investment. Integris Partners provided advisory services to J.L. Darling.
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