Genesis Capital is pleased to announce Construction Implement Depot, LLC (“CID Attachments” or “CID”) has received an investment from LFM Capital (“LFM”). CID Attachments is a leading manufacturer of attachments for use with skid steers, compact track loaders, compact tractors, and mini-excavators. Based in Denton, NC, CID’s products are sold through distributors, dealers, private label, and OEM arrangements throughout North America. CID’s broad based product line is used in a variety of applications, targeting landscaping, light construction, rural lifestyle, and more.
CID is LFM Capital’s second acquisition within the diversified attachments industry. In November 2021, LFM acquired IronCraft, an east Tennessee manufacturer of 3-point tractor attachments, and skid steer attachments. Both IronCraft and CID will continue to serve their respective customer bases, while leveraging collective resources across product development, production, and distribution.
CID General Manager Jon Williams stated, “CID has experienced tremendous growth since I joined the company in 2014, and we see additional growth opportunities in the future. We are excited to align ourselves with another fast-growing manufacturer like IronCraft.”
Genesis Capital, LLC served as financial advisor and Brooks, Pierce, McLendon, Humphrey & Leonard, LLP served as legal counsel to CID.
Construction Implements Depot, LLC, was founded in 2003 and is based in Denton, North Carolina. CID specializes in manufacturing high quality skid steer attachments, compact track loader attachments, compact tractor attachments, and mini-excavator attachments used primarily in residential construction, landscaping, agriculture, and for personal home use. For more information, please visit www.cidattachments.com.
LFM Capital is a private equity firm based in Nashville, Tennessee. The LFM team is led by experienced and successful Fortune 50 global executive managers and private equity professionals who bring decades of management leadership, operating best practices, exceptional professional recruiting networks, and a successful track record in lower middle market investing. LFM targets lead or control investments in U.S.-based lower middle market manufacturing and industrial services companies with at least $3 million of EBITDA and enterprise values ranging from $15 million to $125 million. The firm’s mission is to partner with portfolio company management to develop and build world-class operations through a combination of manufacturing and operations excellence and targeted growth and expansion strategies. For additional information, please visit www.lfmcapital.com.