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Private Equity | Construction & Engineering Services | Logistics

CID Capital has sold ProSource, LLC to Blue Sea Capital

CID Capital has sold ProSource, LLC to Blue Sea Capital.

With seven branches across North and South Carolina, ProSource is a value-added distributor of plumbing, bathroom, kitchen, lighting and related products serving the residential new construction and repair and remodel markets. ProSource serves a highly recurring and diverse customer base of plumbers, contractors, interior designers and end consumers who rely on the company as a critical partner providing consultative sales and rapid fulfillment.

Blue Sea Capital is a private equity firm based in West Palm Beach, Florida, that partners with growth-oriented, lower-middle-market companies.

CID Capital, based in Indiana, is a private equity group that makes control investments in high-quality, lower-middle-market companies that have shown a consistent track record of success.

Oaklins TM Capital in the US served as the exclusive financial advisor to ProSource, LLC, a portfolio company of CID Capital, in its sale to Blue Sea Capital.

Service

M&A sell-side

Parties

“CID was the right partner at the right time for ProSource. The initiatives we executed, including a CEO succession and accretive acquisition, had the business well-prepared for a meaningful exit event. Oaklins TM Capital was the perfect partner to achieve the objectives of shareholders and management – identifying the best partner for ProSource’s new stage of life – and we would gladly work with them in the future.”

Eric Bruun and Cory Heck

Partner and Managing Director, CID Capital

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Allan C. Cruickshanks

Managing Director

Atlanta, United States
Oaklins TM Capital

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Tabb Neblett

Associate Director

Atlanta, United States
Oaklins TM Capital

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Peirce Sullivan

Associate Director

Boston, United States
Oaklins TM Capital

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Dylan Finazzo

Associate

New York, United States
Oaklins TM Capital

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Alden Richards

Analyst

Atlanta, United States
Oaklins TM Capital

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