CID Capital partners with Team Drive-Away
CID Capital is pleased to announce that it has partnered with Team Drive-Away, Inc. Team Drive-Away is a leading provider of Class 8 truck and specialized equipment drive-away delivery services. The Company is located in Shawnee, KS. CID worked closely with the owner of Team Drive-Away to achieve his goals. Scott Shacklett, the CEO of Team Drive-Away, commented, "Our team has done a tremendous job of simultaneously recruiting and retaining drivers while providing our customers with best-in-class service. This transaction will allow us to continue accelerating the growth we've been experiencing since we started the Company in 2006. We are looking forward to working with CID as we capitalize on the opportunities to grow our business." Eric Bruun, Managing Director at CID Capital, added "Team Drive-Away exemplifies the characteristics CID looks for in a partner. The Company has a leading trade name, a strong reputation for high quality service, and the vision to build long term value. We are very excited about our partnership with the Team Drive-Away team." As part of the recapitalization, Enterprise Bank provided the senior financing and Babson Capital provided the subordinated debt financing. For more information on this partnership, please contact Adam Bolerjack.
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