Jan 16, 2024
CID Capital Partners with Kind Water

January 16, 2024: Indianapolis-based private equity firm CID Capital (“CID”) announced that it has partnered with Kind Water Systems ("Kind Water"). Kind Water is a leading provider of water treatment systems that help homeowners protect their families from potentially dangerous impurities in their water, as well as protect their plumbing, fixtures, and appliances from the damaging effects of hard water scale. Kind Water is the eighth platform investment made from CID’s latest fund, CID Capital Opportunity Fund III, L.P.

In conjunction with closing the transaction, Tony Friesl, will step in as CEO to lead the business under CID's ownership. Tony conveyed his excitement upon joining Kind Water Systems, acknowledging the remarkable business established by founders Richie Stanley, Frank Capadona, and Edu Stuivenberg. Friesl expressed, "I am thrilled to be part of this dynamic team, whose impressive track record was evident in building Kind Water Systems from scratch." Alongside Friesl and the established Kind Water Systems team, several former colleagues who are industry veterans are joining the ranks. Friesl emphasized the team's anticipation of growth, stating, "We look forward to expanding Kind Water and seamlessly integrating additional assets into our platform in the near future."

“Our investment in Kind Water, one of the leading residential water treatment companies in North America, is a fantastic addition to our portfolio, and we are excited to partner with an experienced industry executive to execute on our vision for the company,” said Eric Bruun, Partner, CID Capital.

“Increased awareness of the benefits of filtered water is driving demand for Kind’s products.” Said Tom Shaw, Managing Director, CID Capital. “We are pleased to partner with a solution provider that is improving consumers’ quality of life.”   

Working alongside Bruun and Shaw on the deal for CID were Partner, Eric Derheimer and Senior Associate, Clint Leer. Please reach out to Clint Leer with any questions or potential new investment opportunities.

About Kind Water Systems

Headquartered in Daytona Beach, FL, Kind Water is a leading provider of whole-home water filtration and water softening systems direct to consumers.

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