March 3, 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 PDQ Manufacturing, LLC ("PDQ"). Founded in 1983, PDQ is a leading manufacturer of commercial-grade door hardware products including, locks, deadbolts, door closers, exit devices, and electronic solutions.

In conjunction with closing the transaction, industry veteran, Phil Bradney, will step in as CEO to lead the business under CID's ownership. Phil commented, "I am excited to join the PDQ Manufacturing team. The quality of what our people and products in the commercial door hardware and electronic locking device industry is amazing. We will continue to build the PDQ brand based on excellent products at affordable prices wrapped in a great customer experience.”

"Our partnership with PDQ presents an opportunity to back an outstanding industry leader and a business that is well positioned for growth," said Eric Derheimer, Managing Director of CID. "We are thrilled to support the Company and the team in Lancaster."

Please reach out to Ryan Cutter with any questions or potential new investment opportunities.