CID Capital

CID Capital is a private equity firm based in Carmel, Indiana, established in 2006. The firm focuses on making majority investments in lower-middle-market companies across various sectors, including consumer goods, healthcare, leisure, transportation, technology, and business services. CID Capital targets companies with a proven track record of performance that exhibit significant growth potential but face limitations due to insufficient capital, inadequate operating systems, or lack of management expertise. By providing the necessary resources and capital, CID aims to help these companies overcome their constraints and achieve their growth objectives. The firm manages investment funds, including its latest buyout fund launched in 2022, and operates as a Registered Investment Adviser.

Eric J. Bruun

Partner

Ann Cicciarelli

Director, Finance

Steve Cobb

Managing Partner

Ryan Cutter

Vice President

Eric Derheimer

Partner

Cory Heck

Partner

Clint Leer

Senior Associate

Deborah Morgan

CFO and CCO

Robert O'Brien

Managing Director

Tom Shaw

Managing Director

Kevin Sheehan

Managing Director

Chase Williams

Vice President

19 past transactions

LumiSource

Private Equity Round in 2022
LumiSource is a full-service designer and supplier of home furniture that specializes in Mid-Century, Industrial, and Modern designs. The company was established in 1997 and is headquartered in Elk Grove Village, Illinois.

Giftcraft

Private Equity Round in 2019
Giftcraft Ltd. is a Canadian company based in Brampton that specializes in the design and development of decorative and giftware products. The company offers a wide range of items, including jewelry, seasonal decorations, outdoor and home decor, as well as accessories. Giftcraft aims to create joyful memories of life's special moments through its fashion and lifestyle products, which are original and artist-driven, reflecting both customer tastes and industry trends. The company distributes its products through retailers worldwide and maintains showrooms in Brampton and Atlanta, Georgia.

Prosource, LLC

Private Equity Round in 2018
Prosource, LLC is a plumbing supply retailer based in Greenville, South Carolina, specializing in plumbing fixtures for both commercial and residential markets. Founded in 1996 by Grover and Tonya Martin, the company began with a small team and a modest facility, and has since expanded to an 86,000-square-foot headquarters. Prosource offers a wide range of products, including faucets, gourmet kitchen fixtures, luxury bathroom fixtures, cabinet hardware, and various accessories. The company operates additional store locations in Spartanburg and Anderson, South Carolina, as well as Hendersonville, North Carolina. With a commitment to quality, Prosource partners with reputable brands and manufacturers to provide customers with a diverse selection of high-end plumbing supplies and hardware.

Taylor Precision Products

Private Equity Round in 2014
Taylor, based in Oak Brook, Illinois, is a leading North American marketer of a wide range of branded consumer houseware products – including kitchen scales, thermometers, timers, bath scales, outdoor weather measurement products, wine accessories and barware. The company’s owned and licensed brand names include Taylor®, Homedics®, Salter®, Rabbit®, Houdini™, and Eatsmart®. With a heritage dating back over 160 years, Taylor serves customers ranging from high-end specialty stores to mass merchandisers, hardware stores, club stores, grocery stores, specialty stores, and e-commerce retailers. Its market leadership is maintained by providing high-quality, attractive products at a competitive consumer prices, plus outstanding retail customer service and support.

Rite in the Rain

Private Equity Round in 2013
Rite in the Rain, based in Tacoma, specializes in the manufacture of all-weather writing paper and related products designed for various industries, including tactical, agriculture, construction, public safety, and underwater applications. Founded nearly a century ago by Jerry Darling, the company originated from the need for durable writing materials capable of withstanding harsh weather conditions, leading to the development of a unique moisture shield coating. Rite in the Rain offers a diverse range of products, including pocket calendars, spiral books, hardcover books, stapled notebooks, writing instruments, and organizers, all designed to facilitate writing in challenging environments. The company remains committed to providing innovative, environmentally responsible solutions for professionals and outdoor enthusiasts.

Scale Computing

Series D in 2012
Scale Computing, Inc. specializes in edge computing, virtualization, and hyperconverged solutions tailored for midsized businesses. Founded in 2007 and headquartered in Indianapolis, Indiana, the company offers its HC3™ platform, which integrates servers, storage, and virtualization into a single, user-friendly system. This all-in-one appliance enhances storage speed and capacity while simplifying datacenter management. HC3 continuously monitors virtual machines and hardware components to ensure application availability and efficiently address infrastructure events. In addition to its core platform, Scale Computing provides services such as infrastructure refresh, virtual-to-virtual migration, physical-to-virtual migration, and disaster recovery solutions. As a result, the company is increasingly favored by IT departments across various industries looking to maintain high availability and scalability of their applications.

ABC Industries

Private Equity Round in 2012
ABC Industries, Inc. specializes in manufacturing and supplying industrial ventilation products and technical fabrics, primarily serving the mining, tunneling, and industrial markets. Its product range includes mine and tunnel ventilation solutions such as layflat blower ducting, wire-reinforced exhaust ducting, and various accessories. The company also produces ventilation ducting for air and fume control, dehumidification, and portable heating applications. In addition to ventilation products, ABC Industries offers a diverse selection of industrial textile fabrics for various uses, including camper and RV materials, agricultural curtains, athletic mats, and spill containment products. Founded in 1926 and based in Winona Lake, Indiana, with a facility in Grand Junction, Colorado, the company has established a strong presence in North America and internationally.

Celleration

Series E in 2011
Celleration Inc. develops and commercializes therapeutic ultrasound healing technologies in the United States. It offers MIST Therapy, a noncontact and low frequency ultrasound solution delivered through a saline mist to the wound bed. The company serves patients, medical professionals, and payers. Celleration Inc. was formerly known as Advanced Medical Applications, Inc. The company was founded in 1999 and is based in Eden Prairie, Minnesota. As of May 29, 2015, Celleration, Inc. operates as a subsidiary of Alliqua BioMedical, Inc.

Evriholder

Private Equity Round in 2008
Evriholder Products, LLC is a housewares company based in Anaheim, California, that specializes in a diverse range of products including kitchenware, baking supplies, barware, bath and personal care items, cleaning products, pet care solutions, and storage and organization systems. Founded in 1995, the company provides innovative and practical solutions for households, catering to both adults and children with offerings that range from kitchen gadgets to grooming kits. Evriholder Products sells its extensive array of branded and licensed products through various retail channels, including specialty stores, supermarkets, drug stores, and online platforms, serving a broad customer base in North America and internationally. The company operates as a subsidiary of Deflecto, LLC.

RedSky Technologies

Venture Round in 2008
RedSky Technologies, Inc. specializes in providing both on-premise and cloud-based E911 solutions designed to enhance emergency response for businesses. The company's flagship product, E911 Manager, offers a suite of tools that facilitate real-time location tracking of IP phones, including modules such as WiFi E911, which tracks Wi-Fi phone locations, and MyE911, a solution for mobile softphone users. Additionally, RedSky offers E911 Anywhere, a cloud-based service that routes 9-1-1 calls and relays location information to emergency dispatchers. The company also supports the implementation of the NENA i3 Next Generation 9-1-1 architecture through its Horizon Mobility platform. Serving a diverse clientele of large, small, and medium businesses across the United States and Canada, RedSky Technologies aims to ensure compliance with E911 regulations while enhancing safety and risk management for organizations. Founded in 1995 and headquartered in Chicago, Illinois, RedSky Technologies leverages both legacy and modern standards to deliver effective emergency response solutions.

GT Exhaust

Private Equity Round in 2007
GT Exhaust, a small silencer manufacturer that has evolved into an international know in acoustics, emissions solutions and exhaust accessories. Today, the GT Exhaust brand is part of Nelson Global Products.

Endocyte

Series C in 2007
Endocyte, Inc., a biopharmaceutical company, develops receptor-targeted therapeutics to treat cancer and autoimmune/inflammatory diseases. The company provides EC17, a folate-targeted hapten therapy drug to treat metastatic renal and ovarian cancer; EC145, a folate-targeted chemotherapeutic conjugate to treat various tumors, including cancers of the breast, lung, and blood; EC0225, a targeted chemotherapy drug; BMS753493, a folate-targeted anti-cancer therapy drug; EC0434 to target folate receptor positive tumors; and EC0305, an anti-cancer therapy drug. It also offers EC0286, a folate-targeted small molecule for the treatment of inflammatory diseases; and EC20, a folate-targeted radiopharmaceutical imaging agent to identify folate-receptor positive cancers. The company was founded in 1996 and is based in West Lafayette, Indiana.
RedPath Integrated Pathology, LLC operates as a reference laboratory and provides support services for oncology cases. It offers PathFinderTG, a testing platform for resolving diagnoses from the original pathology specimen. The company serves pathologists, clinicians, and patients. RedPath Integrated Pathology, LLC was founded in 2004 and is headquartered in Pittsburgh, Pennsylvania.

EKOS

Series C in 2006
EKOS Corporation pioneered the development and the clinical application of ultrasound accelerated thrombolysis, introducing its first system for the treatment of vascular thrombosis in 2005. Today, interventional radiologists, cardiologists and vascular surgeons at leading institutions around the world use the EKOS EkoSonic Endovascular System to provide faster, safer and more complete dissolution of thrombus.

Ryan Herco Flow Solutions

Private Equity Round in 2006
Ryan Herco Flow Solutions is a prominent distributor and supplier of fluid control and filtration systems based in Burbank, California. The company offers a comprehensive range of products, including tubing, hose, piping, fittings, valves, pumps, filters, and storage solutions made from thermoplastic, fluoropolymer, stainless steel, and specialty alloys. With a focus on clean and corrosive fluid applications, Ryan Herco serves various industries such as aquatics, general industrial, water and wastewater, chemical processing, semiconductor, life sciences, and food and beverage. In addition to its extensive product line, the company provides technical and application support, equipment rental, and custom fabrication services, ensuring that clients receive high-quality, corrosion-resistant systems tailored to their specific needs.

FLA Orthopedics

Private Equity Round in 2004
FLA Orthopedics is a manufacturer specializing in orthopedic bracing and related products. The company designs and produces a comprehensive range of items including orthopedic and sports medicine products, as well as ergonomic supports, compression hosiery, foot care products, and seating and positioning cushions for wheelchairs. In recent years, FLA Orthopedics has introduced several unique product lines to enhance its offerings and meet the evolving needs of its customers.

Hetsco

Private Equity Round in 2004
Hetsco, Inc. is a provider of specialized welding, construction, and fabrication services primarily for the natural gas processing, petrochemical, and air gas separation industries. Established in 1982 and headquartered in Greenwood, Indiana, the company offers a range of services, including the fabrication of tanks and pressure vessels, specialized repairs for hydrogen reformer tubes, and aluminum heat exchanger repairs. Hetsco is known for its ability to execute emergency site repairs efficiently, having completed projects across 44 states and over 35 countries. The company also provides shop fabrication services, which include the fabrication of process piping, unfired pressure vessels, and welded assemblies, using various materials like aluminum and stainless steel. Additionally, Hetsco supplies confined space rescue equipment and personal protective gear, further enhancing its commitment to safety and operational excellence in the industries it serves. As of 2017, Hetsco operates as a subsidiary of Chart Lifecycle, Inc.

Maxon

Private Equity Round in 2004
Maxon specializes in the manufacturing of combustion burners, gas valves, and engineered systems designed to provide energy-efficient and environmentally compliant process heating solutions for industrial businesses. The company's product offerings include natural gas burners, oil-fired burners, shut-off valves, ratio and flow control valves, and low NOx burners, among others. Maxon serves a diverse range of industries, including automotive, building materials, chemicals, glass, petrochemical and refining, plastics, printing, pulp and paper, food processing, and textiles. The company's growth is attributed to its advanced technology and solutions that address the rising demand for energy efficiency and compliance with increasingly stringent environmental regulations, particularly in emerging economies.

Victor Oolitic Stone

Private Equity Round in 2003
Victor Oolitic Stone is a raw material supplier of dimensional limestone including blocks, slabs, and sills.
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