CID Capital is proud to announce that it has partnered with Corvette America. Founded in 1977 and headquartered in Reedsville, PA, Corvette America is a leading manufacturer, distributor, and e-tailer of aftermarket restoration and performance products for Chevrolet Corvettes and Ford Mustangs.
CID worked closely with the management team to achieve their goals. Orion Super, CEO of Corvette America, stated, "CID Capital is an ideal partner that shares Corvette America's passion for product quality, customer service and driving shareholder value. Our new alliance will fuel Corvette America's vision and accelerate growth, providing customers with superior product offerings in restoration, style and performance across all generations of the iconic brands we service."
"Corvette America is a market leader in the Corvette restoration market and has a growing presence in the Mustang restoration market. The company's management team, leading product quality, strong customer service and broad line card were just a few of the strong attributes that attracted us to Corvette America." stated Eric Bruun, Managing Director at CID Capital. "We are excited to partner with the entire Corvette America team."
In support of the transaction, First Merchants Bank provided the senior financing and Aldine Capital Partners provided the subordinated debt financing.
CID is actively looking for add-on opportunities for Corvette America. Please contact Adam or Ryan with potential investment ideas or questions regarding the Company.