LFM Capital, a private equity firm focused on lower middle market manufacturing and industrial services businesses, announced Oct. 4 its investment in Construction Implement Depot (CID).
CID is a manufacturer of skid steer and compact track loader attachments, compact tractor attachments and mini-excavator attachments. Their products are manufactured in their Denton, N.C. factory and sold through distributors, private label and OEM arrangements throughout North America. Their broad-based product line is used for a variety of applications, targeting the landscaping, light construction, lifestyle farmer, snow removal and more. Terms of the transaction were not disclosed.
The company will emphasize a digital first strategy to provide dealers and customers with real-time visibility to pricing, availability, lead-time, customization, parts, operating manuals and more. A national dealer network will also be available for customers who prefer in-person shopping or service experiences.