October 3rd, 2024: Midwest Remediation ("MWR"), a leading provider of emergency restoration services, and a current portfolio company of Indianapolis-based private equity firm CID Capital (“CID”), announced that it has acquired Icon Property Rescue of Cincinnati. The deal marks the second acquisition for Midwest Remediation since CID's original investment in February 2023, and positions the company to continue its strategy of acquiring complementary businesses throughout the Midwest.

“Icon is the leading emergency restoration company, with a tremendous reputation in the Cincinnati market”, said Midwest Remediation CEO, George Godfrey. "We are thrilled to partner with the team at Icon and expand our service offering into Ohio and Kentucky."

About Midwest Remediation
Headquartered in Indianapolis, IN, Midwest Remediation is a leading provider of water, fire, mold and disaster recovery services, with the goal of helping families and businesses recover quickly from these situations.

About CID Capital
CID Capital is a long-standing private equity group that makes control investments in high-quality, lower-middle market companies that have shown a track record of success. For companies that have reached a performance level that finds them transitioning beyond being an entrepreneurial business, CID delivers the planning, experience, resources, and capital to overcome critical constraints and build long-term value.

Please reach out to Clint Leer: clint@cidcap.com or Ryan Cutter: ryan@cidcap.com with any questions or potential new investment opportunities