CID Capital partners with Classic Accessories
CID Capital is proud to announce that it has partnered with Classic Accessories, the largest designer and distributor of outdoor product covers. Classic Accessories' products protect and cover consumers' outdoor gear, including cars, RVs, motorcycles, patio furniture, grills, boats, snowmobiles, power equipment, generators, ATVs, UTVs and golf carts. Products can be purchased through the top retailers in the country and are represented in-store and online. The Company is located in Kent, WA.
CID worked closely with Classic Accessories owners and management team to achieve their goals. Brian Bozlinski, the President of Classic Accessories, commented, "Our team has done a tremendous job of designing and bringing to market innovative new products. We are looking forward to working with CID as we continue to capitalize on the opportunities we see to grow our business."
Steve Cobb, Managing Director at CID Capital, added "Classic Accessories exemplifies the characteristics CID looks for in a partner. The Company has a strong reputation for innovative and high quality products, and the team has the vision to build long term value. We are very excited about the opportunity to partner with Brian and the entire Classic Accessories team."
As a part of the recapitalization, FirstMerit provided senior financing and Northstar Capital provided subordinated debt financing.
CID is actively looking for add-on opportunities for Classic Accessories. Please contact Adam Bolerjack or Eric Derheimer with potential investment ideas or questions regarding the Company.
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