LFM Capital Announces New Investment in Attachments Manufacturer CID

LFM Capital, a private equity firm focused on lower middle market manufacturing and industrial services businesses, announced today its investment in Construction Implement Depot (CID).

CID is a leading 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.

LFM Managing Director Dan Shockley commented, “We are delighted to add CID to the LFM portfolio. We’re creating the attachment company of the future that is recognized as the industry leader with an omnichannel experience to empower customers to buy how they want to buy. We want to create an ecosystem for customers to do more than merely transact and adding CID to the portfolio is a big step in that direction.”