OCTOBER 2020, Reedsville, Pennsylvania - CID Capital's portfolio company, Extra Mile Brands, announced that it has acquired the assets of Mustangs Unlimited of Manchester, Connecticut. Mustangs Unlimited is a distributor of a wide variety of 1965-present day Mustang parts. The company was founded in 1976 by Chris Hoverman, who led the company until the acquisition by Extra Mile Brands. Mustangs Unlimited has relocated all operations to Reedsville, Pennsylvania.
Orion Super, Extra Mile Brands' CEO noted "One of our top priorities is to continue with the same high quality parts and great personal service that Mustangs Unlimited is known for. We are very excited about Mustangs Unlimited joining the Extra Mile Brands family. We are fortunate to acquire such a wonderful business and will ensure Mustangs Unlimited carries forward Chris's legacy of over 40 years of exemplary service to his customers."
Extra Mile Brands is highly motivated to acquire other Corvette or Mustang aftermarket manufacturers or distributors. Other auto aftermarket products will also be considered. The best candidates will have a minimum of $1.0 million of EBITDA and a history of profitable financial performance. Please contact Adam Bolerjack or Cory Heck for more details or to make an introduction.