Transforming Vision Into Value


Kidd & Company is a principal investment firm that takes a unique approach. Our investment model is based on an intensive research process to design businesses that transform their industry segments, combined with the hands-on involvement required to successfully execute those strategies. Our ability to build highly successful businesses has enabled our firm to generate world-class investment returns.


About Us

Kidd & Company (“KCO”) is the private investment arm of the Kidd family office. The firm traces its roots to 1976 when Bill Kidd made his first private equity investment. Since that time, the firm has grown and prospered by following a non-traditional approach to private equity investing, both in terms of firm structure and investing philosophy. KCO is not a typical private equity firm—we are not a fund. The partners fund the operational costs of the firm, and we invest our own money in every transaction. Our investing philosophy is rooted in identifying opportunities that will produce above-market returns for us and our investor-partners through rigorous execution of a strategy-led investment thesis.

We partner with founders/owners and senior management of businesses who have created valuable franchises but who, for personal, professional and financial reasons, have reached a stage in their business life cycle where they desire outside resources—managerial, operational and financial—to help them take their businesses to the next level, while also addressing their lifestyle objectives. Our focus is on strategy-led investments in the lower end of the middle market (typically companies with less than $10 million EBITDA) where the complementary skill set of the partnership between KCO and company management can be applied to create value over time by fundamentally improving the businesses in which we invest. Returns in our business model are derived directly from the execution of our investment strategy and from fundamental improvements—operational, managerial, financial—that we enable during our ownership period.
Our investments may be standalone businesses or may involve the simultaneous acquisition of multiple companies to create the necessary foundation to achieve our investment goals. We are generalists in terms of the businesses in which we invest, but the unifying theme of our investments is a cohesive strategy, developed at the outset, that forms the basis of an execution plan that is rigorously pursued to improve the underlying business operations, accelerate growth, create and/or enhance competitive differentiation and substantially boost profitability. Our firm’s structure allows us to be more creative and flexible in the types of transactions we evaluate, and in the manner in which we structure our investments. This allows us to best satisfy the interests of varied constituents—founders/owners, management, lenders, employees and investor-partners—in each individual transaction.

Approach

We are not a typical private equity firm. Our superior investment returns are derived by fundamentally improving business operations and accelerating growth, not undertaking financial engineering or collecting asset management fees. We differentiate ourselves in terms of our own business model as well as through our investing philosophy. Our approach is to think and act like business owners, not passive investors. We maintain a disciplined focus on our core market—the lower end of the middle market—and seek to make strategy-led investments in partnership with business owners and founders.

Strategy-Led Investments

We focus on strategy-led investments

We want to "control our own destiny" as much as possible in terms of generating investment returns for our partners and ourselves. That is, we do not rely on economic or other forces that are beyond our control or influence to derive our returns. We believe that rigorous execution of a sound business strategy is the key to driving fundamental value and generating exceptional investment returns, while best controlling downside risk.

We believe the days of high leverage and ever ascending purchase price multiples are gone. Without a differentiated business strategy, the ability to generate fundamental value, and thereby derive differentiated returns, is severely limited if not non-existent.

For a firm of our size, our partners have remarkably diverse backgrounds and skill sets. It is this experience that allows us to work with founders and management to actively assist in the execution of the strategy, rather than to act as passive investors.

Change, and the ability to adapt to it, is a business reality in today's economy. Only by thoughtfully exploiting changes underway in a given marketplace can businesses emerge as leaders in the future.

Middle Market

We focus on the lower end of the middle markets

Businesses of this size benefit the most from our direct involvement—it is in this segment of the market where we as a firm have the most to offer—therefore, by focusing our efforts here we can produce differentiated returns for ourselves and our investor-partners (including the owners/founders of businesses in which we invest).

We believe inefficiencies in this segment of the market afford the most attractive investment opportunities from a risk/return perspective.

The engine of economic growth in this country is small businesses. By investing our time, effort and capital here, we can help build the next generation of world class businesses and thereby derive differentiated returns for ourselves and our investor-partners.

Partnering with Business Owners

We focus on partnering with business owners / founders

Our philosophy is to partner with business owners/founders to help them achieve a shared long-term vision for the businesses they have created. We are often the first non-family or non-founder investor in the businesses in which we invest. We do not generally "cash out" business owners entirely - rather we structure our transactions to align interests and allow business founders and owners to benefit from the dramatic value creation that we can create together.

Very often, the single largest repository of knowledge and experience about a given business is the owner/founder of that business. We value that knowledge and experience and want to build on it. Only by creating a real partnership can we truly access this value as the foundation for our investments.

We provide substantial, tangible value to business owners/founders by bringing a wealth of experience and skills that are not often present in smaller companies. By combining our strengths, we can accelerate growth and value creation far more than could be accomplished on a standalone basis.

We are business owners and entrepreneurs ourselves, and we welcome and enjoy working with other entrepreneurs.

Value
Creation

How do we create value
While we do not run companies on a day-to-day basis, we are actively involved in all aspects of the businesses in which we invest. We work with management to drive the execution of our investment strategy and to implement fundamental business improvements to accelerate growth and improve profitability.

Although our level of involvement in any particular investment depends on the specifics of that company’s needs, the areas in which our value creation efforts are generally focused include the following broad categories:

  • Implementation of Management Best Practices–organizational, operational and financial
  • Management Evaluation, Enhancement and Augmentation
  • Governance and Board of Directors, including the recruitment of independent directors
  • Strategic Planning
  • Sales and Marketing
  • Financial Function/Office of the CFO
  • Corporate Finance and Treasury
  • M&A and Corporate Development
  • IT Systems: Financial and Operating
  • Human Capital – supplement senior leadership team within company, as needed

Investments

Logistyx  Technologies

 

Website: www.logistyx.com

Status: Current Investment

Thesis
The explosive growth of e-commerce, along with the trend toward distributed warehousing, has fundamentally changed how companies ship products.  In particular, there has been a shift from shipping in “bunches” (full truckload or container load) to shipping in “eaches” (primarily through parcel).  While historically an afterthought, parcel has become a bigger area of focus for shippers, and shippers are increasingly using software and systems that automatically select carriers based on cost, speed, and service.  The growth in these systems has been very rapid in the last several years, due to the very short time to breakeven and overall ROI associated with these systems.  Shippers, particularly parcel shippers, need software and services to significantly reduce shipping costs, make better shipping decisions with more flexibility and visibility, and synchronize shipping processes across multiple shipping locations.


Company

With the industry’s largest geographic footprint and most capable products, Logistyx Technologies helps businesses reduce shipping costs by 40 percent by getting smarter about what label goes on each parcel. Its edge computing model combines the power and collaboration capabilities of the cloud with the speed and agility of onsite tools and technology to ensure seamless support of the world’s largest and most sophisticated warehouse operations, as well as small businesses relying on manual fulfillment processes. Headquartered in Tulsa, Oklahoma, Logistyx Technologies also has U.S. offices in Chicago, New York, Philadelphia, San Diego, and St. Louis and international offices in Amsterdam, Singapore, and Toronto.

Overview

In May 2017, KCO, in partnership with McLarty Capital Partners, LLC, merged Advanced Distribution Solutions, Inc. (ADSI), Agile Network (Agile), and Pantechnik International (Pantechnik) to form the world’s first global parcel analytics platform, Logistyx Technologies.


KCO Value Add:

Structured and financed simultaneous acquisition of three companies that comprised eight legal corporate entities, including introduction of new financial partners.

Filled newly created positions of Chief Executive Officer, Chief Financial Officer, Chief Revenue Officer, and Chief Marketing Officer.

Recruited several independent Board members with experience not only in the logistics software market but also experience in customer markets, international shipping markets, and acquisition integration.

Created detailed 100-Day Plan to guide executional priorities.

Implemented formal strategic planning and budgeting process.

Applied enhanced financial reporting and controls, including flash reports, operational dashboards, and audited financial statements.

Structured the financing to allow for ongoing liquidity, working capital, and future acquisitions.

Colerain RV

 

Website: www.colerainrv.com

Status: Current Investment

Thesis
The RV industry represents a growing segment within the U.S. travel and tourism market.  There are several macro factors contributing to this sustained industry growth, namely 1) the aging population, 2) the allure of living a more active and outdoor lifestyle, 3) the rise in employment levels and disposable income, 4) relatively low fuel prices, and 5) the freedom, flexibility and versatility that come with owing an RV.   The RV dealership industry is very fragmented and represents many opportunities for accretive tuck-in acquisitions to the initial platform.


Company

Founded in 1968 and headquartered in Cincinnati, Ohio, Colerain is a family owned and operated RV dealership, providing sales of new and used RVs, related services, parts and accessories for RV owners and camping enthusiasts.  Northside RV’s was founded by Gary Ecklar in Lexington Kentucky in 1979 and has grown to become the largest RV dealership in Kentucky.  Together with Northside, Colerain now operates five dealership locations in contiguous metropolitan markets across three states.  Both businesses are leaders in their respective markets, offering customers a variety of towable travel trailers and motorhomes from many of the top RV manufacturers.  Colerain and Northside enjoy a stellar reputation with their manufacturers and retail customer base for delivering best-in-class sales and service.

Overview

In January 2016, KCO made a control investment in Colerain RV in partnership with the Company’s ownership/management team, while simultaneously acquiring Northside RVs, the largest dealership in Kentucky.


KCO Value Add:

Structured and financed simultaneous acquisition of two companies, including introduction of new floor plan and mezzanine lenders.

Filled newly created position of Chief Financial Officer.

Created detailed 100-Day Plan to guide executional priorities.

Implemented formal strategic planning and budgeting process.

Applied enhanced financial reporting and controls, including flash reports, operational dashboard and audited financial statements.

Integrating initial acquisition to bring Northside onto Colerain’s systems and best practices in sales and service.

Structured the financing to allow for ongoing liquidity, working capital and future acquisitions.

Imaginetics

 

Website: www.imagineticsinc.com

Status: Current Investment

Thesis
The commercial aerospace supply chain is currently responding to unprecedented demand from OEMs that are in the process of scaling their production facilities to meet record-level backlogs. As OEMs continue to outsource more of their production, they will rely more heavily upon well-regarded suppliers with a historical track record of success and a demonstrated ability to grow to meet their increasing needs.


Company

Founded in 1989, Imaginetics is a manufacturer of precision metal components and assemblies for the aerospace industry.

Overview

In December 2012, KCO, in collaboration with an institutional investor, acquired Imaginetics. The founders and owners of the business made a substantial ongoing investment.


KCO Value Add:

Recruited Chairman of the Board of Directors with deep domain expertise and strong industry relationships.

Filled newly created positions of CFO and VP of Sales & Marketing.

Created detailed 100-Day Plan to guide executional priorities.

Driving formal sales and marketing strategy to expand existing customer relationships and to develop new business opportunities.

Implemented formal strategic planning and budgeting process.

Applied enhanced financial reporting and controls, including flash reports, operational dashboard and audited financial statements.

Structured the acquisition financing to provide for substantial ongoing liquidity for growth (more than $5 million at close).

Upgraded current facility to showcase breadth of capabilities for existing and new customers.

NextPhase Medical Devices

 

Website: www.nextphasemed.com

Status: Current Investment

Thesis
As people live longer and seek a higher quality of life, innovative medical devices are continuing to play a bigger role in outcome-based healthcare.  Medical device OEMs are looking to shorten time to market while reducing costs, and will increasingly outsource non-core manufacturing to third-party contractors with design/manufacturing expertise.


Company

Founded in 1999 and headquartered in Waldwick, NJ, NextPhase is a contract manufacturer of electro-mechanical capital equipment to the medical device industry.  NextPhase’s capabilities cover the complete spectrum of the medical device manufacturing product life cycle, from conceptual design and engineering through to manufacturing and after-market service and support.

Overview

In January 2015, KCO made a control investment in the initial platform, Nexcore Technology, in partnership with the Company’s founder and CEO.

In July 2017, Nexcore Technology acquired Phase 2 Medical Device Manufacturing. From this acquisition, NextPhase Medical Devices was launched.


KCO Value Add:

Filled newly created positions of President/COO and VP of Finance.

Created detailed 100-Day Plan to guide executional priorities.

Driving formal sales and marketing strategy to expand existing customer relationships and to develop new business opportunities.

Implemented formal strategic planning and budgeting process.

Applied enhanced financial reporting and controls, including flash reports, operational dashboard and audited financial statements.

Structured the financing to allow for ongoing liquidity, working capital and future acquisitions.

Developing an advisory board that includes industry veterans with deep domain expertise and strong relationships.

Numet

 

Website: www.numet.net

Status: Exited

Thesis
Capitalize on trends in the gas turbine engine supply chain to create a leading manufacturer of high-precision, low-run parts and components for use in aerospace and defense, power generation and other end use markets.


Company

For more than 25 years Numet has been a leading supplier of high precision parts for use in gas turbine engines for commercial and military customers in the aerospace industry.

Overview

In September 2011, KCO made an investment in Numet. The founders and owners of the business made a substantial ongoing investment. Numet was acquired by Bromford Industries in November 2019.”


KCO Value Add:

Recruited and hired CEO and CFO, prior to close.

Created detailed 100-Day Plan to guide executional priorities.

Formed formal Board of Directors with outside industry expert participation.

Introduced formal strategic planning and budgeting process.

Consolidated and relocated four sub-optimal facilities into one new state-of-the-art facility with room for growth.

More than tripled backlog in less than three years.

Funded more than $5 million of expansion capital expenditures for initial platform creation and future growth.

Applied enhanced financial reporting and controls, including flash reports, operational dashboard and audited financial statements.

Hired new VP of Operations and new Quality Manager.

Implemented new ERP financial and manufacturing system.

Improved operational scheduling, on-time tracking and backlog reporting.

Overhauled employee benefits and welfare programs to provide substantially better options for employees at lower cost.

Chatham Technologies

 

Status: Exited

Thesis
KCO began the process by taking a high-level look at the electronics industry with the objective of finding a low-tech industry segment supplying a high-tech market that was ripe for a new way of doing business. After performing a significant amount of research, KCO decided to pursue the electronic enclosure industry, which is the casing on an electronic system that, in addition to providing a certain appearance and structure to the product, protects it from environmental exposure.


Company

Chatham Technologies provide complete system solutions to the communications infrastructure industry. Its turnkey services encompass system design, fabrication, integration, testing, logistics and deployment of electronic enclosures.

Overview

KCO identified the leading companies who manufactured electronic enclosures and assembled the components within the enclosure and acquired seven businesses with all transactions closing on the same day. Starting with a business that generated $147 million in revenue, KCO and management grew the company in three years through internal growth and the acquisition of complementary business to revenue of $600 million, at which point the company was acquired by Flextronics International Ltd.


KCO Value Add:

Developed the investment thesis.

Acquired the seven companies that were part of the initial closing and consummated several add-on acquisitions.

Recruited the management team.

Worked with management to install and refine the infrastructure and systems required to support a company positioned for above-average growth.

Arranged for all of the financing for the transaction, including significant availability of capital for capital expenditures and working capital.

With management, developed and implemented a strategic plan that resulted in Chatham becoming a global company in a three-year period, with operations in eight countries.

Team

William J. Kidd
William J. Kidd

William J. Kidd

William J. Kidd Founding Partner

Bill has been investing in privately owned companies since 1976. His aim in founding Kidd & Company was to build a firm that was both personally and professionally fulfilling for its principals. "We've been fortunate to have a great team. We're always thinking. There's enormous satisfaction in taking an idea no one has thought of before and building it into a company that changes the rules of the game." Bill earned both his BA and MBA from Cornell University.


Email Bill at wkidd@kiddcompany.com

James G. Benedict
James G. Benedict

James G. Benedict

James G. Benedict Principal

James joined Kidd & Company in 2005 and oversees all of the human resource and recruiting aspects of new and existing investments. James joined Kidd & Company from Spencer Trask, a venture capital firm, where he served as Senior Managing Director & Chief Talent Officer. Prior to joining Spencer Trask James was Managing Director and Co-Head of the E-Commerce and Technology Practice for the Diversified Search Companies. He joined the Diversified Search Companies via Diversified's acquisition of RLM Associates, where he was Co-Founder and Partner. James has also served as a consultant to the World Bank and the Japanese Ministry of Finance. James earned a Ph.D. in International Economics from Columbia University, a Certificate on Monetary and Fiscal Policy from the Japanese Ministry of Finance, and a Bachelor of Arts (Honors Program Graduate with Distinction) from Baylor University.


Email James at jbenedict@kiddcompany.com

Matthew A. Cook
Matthew A. Cook

Matthew A. Cook

Matthew A. Cook Principal

Matt joined Kidd & Company in 2012 with experience in investment banking, venture capital, and management consulting. Previously, Matt worked as an investment banker at MHT Partners and Canaccord Adams where he completed numerous public and private financing, merger and acquisition, and advisory engagements for middle-market growth companies. Matt also worked as a principal venture capital investor at Braemar Energy Ventures and management consultant at PricewaterhouseCoopers LLP. Matt’s experience includes work in aerospace, clean technology, energy, business services, consumer goods, and industrial products. Matt received a BS in Accounting and BS in Business Administration from Villanova University and an MBA from Yale University’s School of Management.


Email Matt at mcook@kiddcompany.com

Gerard A. DeBiasi
Gerard A. DeBiasi

Gerard A. DeBiasi

Gerard A. DeBiasi Partner

Gerry joined Kidd & Company in 2001 and has been involved in several of the firm’s investments, including Chatham Technologies, MedSource Technologies, Empower Health, iPacesetters, Reladyne and most recently Logistyx Technologies. He divides his time between identification, evaluation and closing of new investment opportunities and oversight of existing portfolio companies and focuses in particular on multi-company acquisitions/integration strategies. He joined KCO from Chatham Technologies, where he served as SVP of Business Development and was instrumental in driving revenue growth from $153 MM to over $600 MM in a three-year period. Prior to Chatham, Gerry was a strategy consultant with The Monitor Company. He also worked at Fidelity Investments and The Federal Reserve Board of Governors, in addition to co-founding a specialty publishing company. Gerry received a BA in Economics, summa cum laude and Phi Beta Kappa, from Dartmouth College and an MBA from Harvard Business School, earning honors recognition in the process.


Email Gerry at gdebiasi@kiddcompany.com

Kenneth J. Heuer
Kenneth J. Heuer

Kenneth J. Heuer

Kenneth J. Heuer Principal

Ken joined Kidd & Company in 2008 and participates in all facets of the firm’s activities, including sourcing new opportunities, investment strategy development, conducting technical, financial and market due diligence, maintaining relationships with debt and equity co-investors and overseeing strategy execution for existing investments. Previously Ken was a Managing Director at Spencer Trask, an early-stage venture capital firm, where he worked with companies in the life sciences, healthcare, information technology, software and communications sectors. Prior to Spencer Trask, Ken was an investment banker at JPMorgan, where he worked on numerous capital-raising and M&A transactions. Ken received a BS in Civil Engineering from Lehigh University and an MBA from New York University, where he was a Stern Scholar. Ken currently serves on the Board of the New York Chapter of the Alliance of Merger & Acquisition Advisors (AM&AA).


Email Ken at kheuer@kiddcompany.com

News

11.19.19

Logistyx Technologies President Ken Fleming Accepted into Forbes Technology Council

Fleming joins invitation-only community for world-class CIOs, CTOs, and technology executives

CHICAGO, IL, November 19, 2019 – Logistyx Technologies, the leader in transportation management for parcel shipping, today announced President Ken Fleming has been accepted into Forbes Technology Council, an invitation-only community for world-class CIOs, CTOs and technology executives.

Fleming was vetted and selected by a review committee based on the depth and diversity of his experience. Criteria for acceptance include a track record of successfully impacting business growth metrics, as well as personal and professional achievements and honors.

“We are honored to welcome Ken into the community,” said Scott Gerber, Founder of Forbes Councils, the collective that includes Forbes Technology Council. “Our mission with Forbes Councils is to bring together proven leaders from every industry, creating a curated, social capital-driven network that helps every member grow professionally and make an even greater impact on the business world.”

As an accepted member of the Council, Fleming has access to a variety of exclusive opportunities designed to help him reach peak professional influence. He will connect and collaborate with other respected local leaders in a private forum. Fleming will also be invited to work with a professional editorial team to share his expert insights in original business articles on Forbes.com, and to contribute to published Q&A panels alongside other experts.

“I am grateful for the opportunity to participate in the Forbes Technology Council,” said Fleming. “This organization offers the ability to connect with likeminded peers to share expertise and help solve current business challenges. Tapping into this innovative community will enable Logistyx to continue its successful growth path and further establish our leading position in the industry.”

About Logistyx Technologies

Logistyx Technologies is the leader in Transportation Management for parcel shipping, providing an unmatched global multi-carrier network, predictive analytics and full visibility into customer deliveries. Its software boosts parcel shipping efficiencies and other business KPIs for many of the world’s top brands, manufacturers, retailers and logistics providers.

Earlier this year, Logistyx launched its flagship software, TME, the world’s first single engine specifically designed for parcel shipping. With more than 8,500 carrier service integrations globally, TME provides carrier compliance, predictive analytics and tracking on shipping from start to finish.

Headquartered in Chicago, Logistyx Technologies also has U.S. offices in New York, San Diego and St. Louis and international offices in Canada, the Netherlands, the U.K. and Singapore. For more information, visit www.Logistyx.com.

About Forbes Councils

Forbes Councils is a collective of invitation-only communities created in partnership with Forbes and the expert community builders who founded Young Entrepreneur Council (YEC). In Forbes Councils, exceptional business owners and leaders come together with the people and resources that can help them thrive.

For more information about Forbes Technology Council, visit forbestechcouncil.com. To learn more about Forbes Councils, visit forbescouncils.com.

11.08.19

Logistyx Technologies Named #1 Fulfillment Software Provider to Internet Retailer’s Top 1000 Retailers

Among all top retail brands, 92 use Logistyx’s transportation management system for parcels

CHICAGO, IL, November 8, 2019 – Logistyx Technologies, the leader in transportation management for parcel shipping, today was named the top provider of fulfillment software in Internet Retailer’s 2020 Leading Vendors to the Top 1000 report. The 92 top retailers who use Logistyx’s transportation management system (TMS) for parcels represent more than $75 billion in combined annual web sales.

“When managed effectively, parcel deliveries can provide a cost-savings engine and significantly improve the service provided to ecommerce customers, and while retailers have led the way, this trend has also begun catching on with manufacturers and other new-to-ecommerce shippers,” said Logistyx CEO Geoffrey Finlay. “Logistyx is honored to represent the unique needs of parcel shippers on this prestigious list alongside the industry’s finest warehouse management systems and some of our most valued partners.”

The Internet Retailer ranking of top solution providers offers a roadmap for retailers searching for the ecommerce technologies and services most preferred by the Top 1000 merchants. Vendor rankings are based on the number of clients in the 2019 edition of Internet Retailer’s Top 1000. Logistyx led as the vendor with the most Top 1000 clients in the fulfillment software category.

About Logistyx Technologies

Logistyx Technologies is the leader in Transportation Management for parcel shipping, providing an unmatched global multi-carrier network, predictive analytics and full visibility into customer deliveries. Its software boosts parcel shipping efficiencies and other business KPIs for many of the world’s top brands, manufacturers, retailers and logistics providers.

Earlier this year, Logistyx launched its flagship software, TME, the world’s first single engine specifically designed for parcel shipping. With more than 8,500 carrier service integrations globally, TME provides carrier compliance, predictive analytics and tracking on shipping from start to finish.

Headquartered in Chicago, Logistyx Technologies also has U.S. offices in New York, San Diego and St. Louis and international offices in Canada, the Netherlands, the U.K. and Singapore. For more information, visit www.Logistyx.com.

About IR Research

Internet Retailer Research (IR Research) has since 2004 tracked hundreds of metrics on thousands of ecommerce companies around the world. We have compiled an unparalleled database that includes the web sales, conversion rates, average order values, customer demographics and key technology providers merchants use to power their ecommerce businesses. Our unique journalistic approach and data-gathering process has allowed us to establish worldwide relationships with retailers of varying sizes as well as manufacturers, wholesalers and distributors, to collect benchmarking data and publish best practices in both business-to-business (B2B) and business-to-consumer (B2C) ecommerce. The data we collect is accessible to our members through online databases, 20+ annual analysis reports on key ecommerce topics, and custom analysis and research. For more information, visit DigitalCommerce360.com.

10.09.19

Kidd & Company, LLC Keeps Growing RV Dealer Platform

PRIVATE EQUITY PROFESSIONAL - OLD GREENWICH, CT, October 9, 2019 – Family RV Group, a specialty retailer of new and used recreational vehicles and a portfolio company of Kidd & Company, LLC, has acquired Candy’s Campers.

Candy’s Campers operates two recreational vehicles (RV) dealerships near Bowling Green in Scottsville, KY and near Nashville in Murfreesboro, TN. The company sells new and used RVs, related services, parts and accessories. Candy’s Campers was founded by Steven Burnett and is headquartered in Scottsville, KY (www.candyscampers.com).

In January 2016, Kidd & Company, through Family RV Group, made a control investment in Colerain RV in partnership with the company’s ownership (Charles and Lolly Jung) and its management team, while simultaneously acquiring Northside RVs, the largest RV dealership in Kentucky. In January 2018, it acquired Dunlap RV Centers, an operator of RV dealerships with four locations in Kentucky, Tennessee and Georgia.

Today, including the buy of Candy’s Campers, Family RV Group now operates eleven full-service dealerships in Ohio, Indiana, Kentucky, Tennessee and Georgia under the brand names Colerain Family RV, Northside Family RV, Dunlap Family RV, and Candy’s Campers. The company is led by CEO Walt Rodgers and is headquartered in Cincinnati, OH.

“Family RV Group’s acquisition of Candy’s Campers continues our strategy of geographic expansion by acquiring quality RV dealerships with brand recognition, high customer loyalty and strong operations,” said Ken Heuer, a principal at Kidd & Company.

02.26.19

Logistyx Technologies Launches World’s First Single Engine for Global Parcel Shipping: TME 3.0

With more than 8,500 carrier service integrations globally, TME 3.0 provides shippers an unmatched multi-carrier network, predictive analytics and full visibility into customer deliveries

ROLLING MEADOWS, IL, February 26, 2019 – Logistyx Technologies, the leader in Transportation Management for parcels, today announces the general availability of its flagship software, TME 3.0, a transportation management system (TMS) specifically designed for parcel shipping.

“TME 3.0 has leveled the playing field for shippers who compete with global e-commerce behemoths like Amazon and Alibaba, and customers of all sizes can leverage this new unified platform,” said Logistyx President Ken Fleming. “Thanks to the tremendous execution of our talented and rapidly growing team, we’ve delivered on the vision of our board that united the building blocks of this company in 2017, and we’ve changed the face of e-commerce fulfillment.”

At times of high demand for fulfillment, many of Logistyx’s largest customers ship more than 80,000 packages per hour. TME 3.0 selects the most effective and efficient combination of multi-carrier services, properly documents those services to ensure compliance, tracks the services through to completion, and ensures accurate billing and timely payment. It also helps the shipper transform and elevate the fulfillment services they provide their customers. While many shippers around the world continue to put the onus on customers to track and trace the status of their orders, Logistyx facilitates a more proactive approach. Shippers set thresholds that trigger proactive alerts about delays and other problems and automatically provide options to resolve them or reduce end-customer dissatisfaction.

Shippers also define their own business rules to direct TME 3.0’s rapid parcel carrier selection based on a variety of factors, including package weight, contents, carrier contracts and rates. The TME 3.0 business intelligence engine empowers customers to see a more complete picture of what’s happening with their parcel shipping and better understand where gains can be made throughout the organization. TME 3.0 extends the Logistyx platform beyond shipment processing to enable shippers to rate shop and perform rate simulation for individual parcel shipments at scale. Shippers easily glean insights from their own data to create substantial cost reductions and service enhancements while creating efficiencies for any parcel-shipping operation that align with business goals. The business intelligence engine also guides the development roadmap at Logistyx, improving performance for all shippers that use TME 3.0.

“Nobody else has a multi-national integrated carrier network focused primarily on parcel shipping like ours, and we’re constantly updating and adding to the 8,500 integrated carrier services so our shippers can get their parcels delivered efficiently to any location in the world,” added Fleming. “TME 3.0 takes the performance of this carrier network to new heights, and our shippers are using it to better serve and retain their customers.”

07.02.18

Logistyx Technologies Acquires Transparix to Support and Enhance Its Industry-Leading Parcel Shipping SaaS Solution

ROLLING MEADOWS, IL, July 2, 2018 – Acquisition of European SaaS transportation software company continues growth of world’s most extensive multi-carrier parcel shipping software.

Logistyx Technologies (www.logistyx.com), a leader in parcel Transportation Management Execution (TME) systems, today announced the acquisition of Transparix, a TME software-as-a-service (SaaS) company headquartered in the Netherlands. The acquisition further expands Logistyx’s strategy to continue the expansion of its global SaaS and on-premise parcel transportation management software platform.

“Transparix brings high quality transportation management execution technology, a rich development team and a wealth of industry knowledge to Logistyx,” said Geoffrey Finlay, chief executive officer of Logistyx Technologies. “Transparix’s technology and talent fold seamlessly into our company’s vision and complement the robust functionality our product family offers to help our customers efficiently ship orders to consumers and businesses across North America, Europe, the Middle East and Asia-Pacific.”

Logistyx multi-carrier shipping software has been well-received by manufacturers, distributors, retailers, e-commerce companies, and logistics service providers worldwide. “We see businesses of all sizes experiencing significant e-commerce growth,” said Finlay. “Consequently, many are turning to Logistyx to address the increased demand for global fulfillment and the growing volume of parcel shipments they’re now delivering directly to B2B and B2C customers. The Transparix acquisition enhances Logistyx’s scalability and agility to address these and other emerging global e-commerce expansion trends and is part of our vision for the future of logistics.”

In business since 2001, Transparix has amassed an impressive roster of clients, including Bosch, Office Depot, Footlocker, ABB, XPO Logistics and many others. The acquisition expands Logistyx’s European footprint, with the Transparix team joining Logistyx and adding to an already talented tech development team.

“Multi-carrier transport management is at the heart of both Logistyx’s and Tranparix’s core competencies, yet the products and footprints of Transparix and Logistyx complement one another. Both companies provide a globally deployed solution combined with local support, which enables our customers to unlock immediate value within their transportation strategies,” said Richard Haeger, managing director of Transparix. “We found the vision of Logistyx to be very similar to what made Transparix successful over the past 17 years. Combining these leaders will deliver substantial value to existing and new customers.”

01.08.18

Family RV Group Continues Expansion with Acquisition of Dunlap RV Centers

PRNewswire - CINCINNATI, OH, January 8, 2018 – Family RV Group ("Family RV"), a leading specialty retailer of recreational vehicles ("RVs"), is announcing a continuation of its expansion strategy with the acquisition of Dunlap RV Centers ("Dunlap RV"), a leading RV dealership with four locations in Kentucky, Tennessee and Georgia. Family RV Group is a portfolio company of Kidd & Company, LLC ("KCO"), a private investment firm located in Old Greenwich, CT.

Wade Stepp, Family RV President stated, "We are delighted to announce the acquisition of Dunlap RV Centers and welcome the entire Dunlap RV team to the family. The acquisition is another example of our commitment to expand our reach and bring our strong customer service mindset to more RV-buying communities."

"Family RV has enjoyed a stellar reputation among their manufacturers and retail customers for delivering best-in-class sales and services for the past 50 years. From a business and cultural standpoint, it was a natural fit for us to join the Family RV team," said Brad Soldwedel, Founder of Dunlap RV.

"Family RV Group's acquisition of Dunlap RV adheres to our strategy of geographic expansion by acquiring quality RV dealerships with strong brand recognition, high customer loyalty and strong operations," said Ken Heuer, a KCO Principal and Family RV Board member.

With the acquisition, Family RV now operates nine full-service dealerships throughout Ohio, Indiana, Kentucky, Tennessee and Georgia and will significantly expand its market footprint across the region. The acquired businesses will operate under the Dunlap Family RV name.

About Family RV Group

Founded in Cincinnati, Ohio, in 1968, Family RV Group is a leading specialty retailer offering the most extensive selection of new and used RV's, related services, parts and accessories for RV owners and camping enthusiasts. The Company enjoys top-tier dealer status with numerous RV manufacturers for its consistently high sales volume and stewardship of their brands, and the Company continues to expand the product lines it carries. Family RV Group has developed a stellar reputation among its retail customer base for delivering best-in-class sales and service. Family RV Group operates nine RV dealerships, under the brand names Colerain Family RV, Northside Family RV, and Dunlap Family RV, across the Southeast and Midwest. In 2018, Family RV Group will be celebrating 50 years of service to the RV community. For more information, visit www.familyrvgroup.com.

About Kidd & Company, LLC

Kidd & Company, LLC (KCO) is an independent private equity firm based in Old Greenwich, CT.  KCO traces its roots to 1976 when the firm's founding partner, William Kidd, made his first private equity investment.  Today, KCO sponsors control equity investments in the lower middle market where the complementary skills and experience of the firm's partners can be applied to create significant value over time.  KCO implements fundamental strategic and operational improvements that drive above-market growth in revenue and earnings, both organically and through accretive acquisitions.  The diverse skill set of the firm’s partners allows KCO to bring management, operational, sales and marketing, corporate finance, and M&A expertise to bear to substantially increase the total value of its investments.  For more information, visit www.kiddcompany.com.

07.11.17

Nexcore Technology, LLC Acquires Phase 2 Medical Manufacturing, Inc.

Becomes Leading Middle-Market Contract Manufacturing Supplier for Medical Device OEMs

WALDWICK, NJ, July 11, 2017 – Nexcore Technology LLC (“Nexcore”), an FDA registered and ISO 13485 certified contract manufacturer of electro-mechanical capital equipment to the medical device industry, announced it has acquired Phase 2 Medical Manufacturing, Inc. (“Phase 2”), a manufacturer of a wide variety of Class I, II and III single-use instruments and disposable medical devices.  Nexcore is a portfolio company of Kidd & Company, LLC (“KCO”), a private investment firm located in Old Greenwich, CT.  With locations in Rochester, NH, Lafayette, CO and Tijuana, Mexico, Phase 2 has developed an outstanding reputation with medical device original equipment manufacturers (“OEMs”) based upon its process development and technology experience, LEAN manufacturing systems designed for continuous improvement, high quality standards, on-time performance and superb customer service.

“Nexcore’s acquisition of Phase 2 adheres to our strategy of creating a leading contract manufacturer focused exclusively on the medical device industry.  The combination of Nexcore and Phase 2 allows us to quickly establish a leading contract manufacturing suppler for medical device OEMs.  The new company offers customers a full suite of services across a comprehensive range including concept, feasibility, design, development, manufacturing and after-market services.  Additionally, we have diversified our customer base, gained access to a new market segment, expanded our geographic presence and enabled the two companies to share best practices,” said Ken Heuer, a KCO Principal and Nexcore Board member.

Carlo W. Colesanti, Nexcore’s President and CEO stated, “Phase 2 has developed a world-class team that has been pleasing customers for more than two decades, and this acquisition will permit us to create a deeper toolbox of solutions, expand our value proposition, and enhance our ability to serve customers and offer them a unified, ‘single-source of supply’ for a variety of complex manufacturing and service needs for medical capital equipment and single-use disposable devices.  They have been doing a wonderful job and we intend for that to continue as we look forward to building on the foundation created by Phase 2 and continuing to grow Nexcore by serving the increasing needs of our collective customers.”

Adam Prime, Phase 2’s President prior to the acquisition, will assume a new role as Sr. Vice President & Chief Lean Officer of the newly combined businesses.  Mr. Prime said, “I am truly excited by the prospects for our business and the related advantages our customers and employees will experience together with Nexcore. I look forward to working closely with Carlo, the management team, and KCO to continue to build an industry-leading company.”

Eaglehill Advisors LLC, Plexus Capital, and Spring Capital Partners, LLC provided mezzanine debt and co-equity investments, and J.P. Morgan Chase provided senior debt financing in support of the transaction.

About Nexcore

Founded by Milton Frank in 1999, Nexcore is a contract manufacturer of electro-mechanical capital equipment to the medical device industry. The Company has a strong track record of growth and an outstanding reputation with its customers based upon its leading technical capabilities, high quality standards, on-time performance and customer service. The Company's capabilities cover the complete spectrum of the medical device manufacturing product life cycle, from conceptual design and engineering through to manufacturing and after-market service and support. The Company serves a variety of leading medical device OEMs with a portfolio of innovative medical devices. With its full suite of design and manufacturing capabilities and focus on all aspects of customer service, Nexcore positions itself not just as a supplier but as a true value-added partner to its OEM customers. For more information, visit www.nexcoretech.com.

About Phase 2 

Founded by Garry Prime, Peter Prime and Mark Newbert in 1995, Phase 2 partners with medical device market leaders and innovators to design, assemble, and package single-use instruments and disposables. With comprehensive design and manufacturing capabilities, we help customers at each stage of the product life-cycle from device innovation, to new product introduction, program transfers, or end-of-life programs. The Company is 100% focused on design and manufacturing of Class I, II and III single-use instruments and disposable medical devices. At Phase 2, LEAN is more than a process, it is a culture, and benefits of the Company’s LEAN systems can be realized through supply chain, warehousing, assembly, testing, packaging, sterilization, and distribution. For more information, visit www.phase2medical.com.

About Kidd & Company, LLC

Kidd & Company, LLC (KCO) is an independent private equity firm based in Old Greenwich, CT.  KCO traces its roots to 1976 when the firm's founding partner, William Kidd, made his first private equity investment.  Today, KCO sponsors control equity investments in the lower middle market where the complementary skills and experience of the firm's partners can be applied to create significant value over time.  KCO implements fundamental strategic and operational improvements that drive above-market growth in revenue and earnings, both organically and through accretive acquisitions.  The diverse skill set of the firm’s partners allows KCO to bring management, operational, sales and marketing, corporate finance, and M&A expertise to bear to substantially increase the total value of its investments.  For more information, visit www.kiddcompany.com.

06.01.17

Kidd & Company, LLC Forms Leading Parcel Software Solutions Provider

Merger of Software Solution Providers Positions Logistyx Technologies as Leading Global Multi-Carrier Shipping Software Platform

OLD GREENWICH, CT, June 1, 2017 - Kidd & Company, LLC ("KCO"), a leading family office investment firm focused on the middle market, announced the formation of Logistyx Technologies, a new global logistics software platform.

KCO partnered with Kevin V. Cox, former CEO of Agile Network, and McLarty Capital Partners to create Logistyx through the merger of a coalition of software solution providers who have succeeded in this market, each bringing key complementary attributes: Advanced Distribution Solutions, Inc. (ADSI), Agile Network (Agile) and Pantechnik International (Pantechnik).  Logistyx serves companies that ship to consumers and businesses across North America, Europe, the Middle East and Asia-Pacific, primarily in the area of parcel but also LTL and other freight.

Gerry DeBiasi, a KCO Partner, stated, "KCO has particular expertise in the simultaneous acquisition of multiple complementary companies in order to create a new value proposition for the marketplace, as we have done with Logistyx.  We started working with Kevin over a year ago to develop a go-forward strategy, identify the leading companies for the initial platform, and implement day-one the company's growth plan in order to build the leading global player in the multi-carrier shipping software space.  With the help of KCO human capital partner James Benedict, we also recruited top management and board talent to complement Kevin and the platform company principals.  We look forward to working with our existing customer base, as well as new customers, to significantly reduce shipping costs, make better shipping decisions with more flexibility and visibility, and synchronize processes across multiple shipping locations."

Mr. DeBiasi added that Logistyx plans to invest further in its technology and to identify strategic add-on acquisitions that will supplement existing services.

"Shipping industry dynamics are changing dramatically, driven by the growth of e-commerce and the trend toward distributed warehousing (and eventually manufacturing)," said Kevin V. Cox, CEO of Logistyx Technologies. "The businesses we merged together were very successful on their own, but coming together to form Logistyx allows them to offer customers so much more.   Logistyx has now hit the ground running, instantly able to better serve its customers with the software, services, and analytics to enable transportation choice for customers and more visibility to timely information."

Based in Tulsa, OK, Logistyx has its primary U.S. offices in Chicago, Philadelphia and San Diego and international offices in London, Amsterdam and Singapore.  Logistyx customers include many of the leading companies in the retail & e-commerce, pharma & healthcare, financial services, manufacturing, and technology sectors.

About Kidd & Company, LLC

Kidd & Company, LLC (KCO) is an independent private equity firm based in Old Greenwich, CT.  KCO traces its roots to 1976 when the firm's founding partner, William Kidd, made his first private equity investment.  Today, KCO sponsors control equity investments in the lower middle market where the complementary skills and experience of the firm's partners can be applied to create significant value over time.  KCO implements fundamental strategic and operational improvements that drive above-market growth in revenue and earnings, both organically and through accretive acquisitions.  The diverse skill set of the firm’s partners allows KCO to bring management, operational, sales and marketing, corporate finance, and M&A expertise to bear to substantially increase the total value of its investments.  For more information, visit www.kiddcompany.com.

07.28.16

Audux Private Equity Buys RelaDyne, LLC

CINCINATTI, OH, July 28, 2016 – RelaDyne LLC (“Reladyne”) is excited to announce it has officially closed its transaction with Audax Private Equity (“Audax”), a private equity firm focused on building leading middle market companies. The transaction closed on July 22, 2016. Based in Boston, Massachusetts, Audax partners with management teams to transform established market leading companies into appreciably larger, better-positioned, and more valuable enterprises.

RelaDyne, with this new partnership, will be focused on aggressively growing through acquisitions and organically. RelaDyne will continue to be focused on growth in the Lubricant, Reliability Services, and Fuel businesses in alignment with its strategic vendors. The entire leadership and management team will remain with the organization through this change of ownership and will continue to invest in high quality associates through future acquisitions and new hires.

“RelaDyne and its team of 750+ associates are excited to partner with Audax,” states Larry Stoddard, President and CEO of RelaDyne. “We are very appreciative of the investment made into our infrastructure and growth that has allowed us to get to this point.”

RelaDyne was formed in 2010 by the combination of four industry-leading oil distributors and the financial backing of AEA Investors LP, a leading global private investment firm focused on private equity and debt investments in the middle market, and Kidd & Company, LLC. Since its formation, RelaDyne has completed over 20 acquisitions and has grown to over 40 locations servicing customers in 45 states and 22 nations.

“We are proud of the business we have built over the last 6 years, but we are just getting started…,” says Jeff Hart, who leads RelaDyne’s M&A activities and is one of its founders. “With this new partnership with Audax, we’ll be able to significantly increase our M&A activities to continue our mission to become a national platform for the distribution of lubricants, fuel and reliability services.”

About RelaDyne

RelaDyne, Inc., headquartered in Cincinnati, Ohio, is one of the largest providers of integrated equipment reliability management products and services for industrial, commercial, transportation and automotive businesses in the United States. Four industry leaders--Mid-Town Petroleum, Inc. (Bridgeview, IL), Oil Distributing Company (Cincinnati, OH), The Hurt Company, Inc. (Houston, TX) and Pumpelly Oil Company (Sulphur, LA) - joined to form RelaDyne on November 8, 2010. The company's innovative Field Reliability Management (FRM) platform of services is designed to enhance the operations of companies involved in process manufacturing, utilities, food and beverage processing, mining equipment and commercial fleets. RelaDyne also benefits from an exclusive relationship with Mansfield Oil and the support of its business building partner, Kidd & Company, who originally conceived the RelaDyne concept, and AEA Investors LP, which manages funds worth approximately $5 billion of invested and committed capital. For more information, visit www.RelaDyne.com.

About AEA Investors

AEA is one of the most experienced international private equity investment firms, founded in 1968 by the Rockefeller, Mellon, and Harriman family interests and S.G. Warburg & Co. as a private investment vehicle for a select group of industrial family offices with substantial assets. AEA's active investors include a network of more than 70 highly successful business executives, industrial families and influential institutional investors. The firm manages funds that have approximately $5 billion of invested and committed capital. AEA has continued the operational and industrial orientation of its founders as it seeks investments in well-positioned businesses which can benefit from transformational capital to improve operationally, strategically and financially. This business building focus has allowed AEA to invest successfully over many economic cycles.

About Kidd & Company, LLC

Kidd & Company, LLC (KCO) is an independent private equity firm based in Old Greenwich, CT.  KCO traces its roots to 1976 when the firm's founding partner, William Kidd, made his first private equity investment.  Today, KCO sponsors control equity investments in the lower middle market where the complementary skills and experience of the firm's partners can be applied to create significant value over time.  KCO implements fundamental strategic and operational improvements that drive above-market growth in revenue and earnings, both organically and through accretive acquisitions.  The diverse skill set of the firm’s partners allows KCO to bring management, operational, sales and marketing, corporate finance, and M&A expertise to bear to substantially increase the total value of its investments.  For more information, visit www.kiddcompany.com.

01.29.16

Kidd & Company, LLC Recapitalizes Colerain RV In Partnership With Management; Acquires Northside RV’s

OLD GREENWICH, CT, January 29, 2016 – Kidd & Company, LLC ("KCO"), a leading family office investment firm focused on the middle market, announced it has recapitalized Colerain RV (“Colerain” or the “Company”), a specialty retailer of recreational vehicles (“RVs”) with four dealership and service locations in Ohio and Indiana.  Concurrently, the Company acquired Northside RV’s (“Northside”), the largest RV dealership in Kentucky.  Colerain’s owners retained a significant equity position and will continue to manage the Company.

Founded in 1968 and headquartered in Cincinnati, Ohio, Colerain is a family owned and operated RV dealership, providing sales of new and used RVs, related services, parts and accessories for RV owners and camping enthusiasts.  Northside RV’s was founded by Gary Ecklar in Lexington Kentucky in 1979 and has grown to become the largest RV dealership in Kentucky.  Gary will remain with the Company as the General Manager of the Lexington location.  Together with Northside, Colerain now operates five dealership locations in contiguous metropolitan markets across three states.  Both businesses are leaders in their respective markets, offering customers a variety of towable travel trailers, fifth wheels, toy haulers, and motorhomes from many of the top RV manufacturers, including Coachmen, Forest River, Grand Design, Jayco, Keystone, Prime Time, Starcraft, Thor, Tiffin and Winnebago, among others.  Colerain and Northside enjoy a stellar reputation with their manufacturers and retail customer base for delivering best-in-class sales and service.

"We are delighted to be partnering with Chuck Jung, Steve Jung, Wade Stepp, Gary Ecklar and the entire Colerain team to build on the terrific foundation the Jung family has created over the last 48 years, and together we plan to continue to grow Colerain by expanding to new locations and implementing their best practices across the entire organization," said Kenneth Heuer, a Principal at KCO and Colerain Board Member. “This investment fits perfectly with KCO's investment strategy of partnering with the owners of good companies to leverage their strengths and experience and to fundamentally enhance the value of their businesses.”

Chuck Jung, Executive Vice President of Colerain, said, “Building on what our father started almost 50 years ago, we have recently added several locations and believe now is the ideal time to bring in our partners at KCO, who have experience in scaling businesses like ours.”  Wade Stepp, Colerain’s Executive Vice President of Operations, stated, “The acquisition of Northside RV’s represents our latest geographic expansion, and we see many more opportunities to continue to grow both organically and through acquisitions to expand our reach and bring our strong customer service mindset to more RV-buying communities in the near future."   Gary Ecklar added, “Both Colerain and Northside share a philosophy of customer service, and I am thrilled to be joining the team and participating in a growth strategy to create one of the premier dealerships in the industry.”

Tony Castor, a KCO Partner and Chairman of Colerain, stated, "We are extremely impressed with the franchise that Colerain has built with its strong customer service culture and outstanding reputation, and we are excited to begin helping to take the Company to the next level."

Along with the equity investment by KCO, Northcreek Mezzanine, Spring Capital and Tenth Street Capital provided subordinated debt financing.

About Colerain

Founded in Cincinnati, Ohio in 1968 by Charles and Lolly Jung, Colerain RV is a family owned and operated RV dealership, providing sales of new and used RVs, related services, parts and accessories for RV owners and camping enthusiasts.  Colerain enjoys top-tier dealer status with numerous RV manufacturers for its consistently high sales volume and stewardship of their brands, and the Company successfully continues to expand the product lines it carries.   Colerain has also developed a stellar reputation among its retail customer base for delivering best-in-class sales and service.  During its first 40 years, Colerain operated out of one location, but as its reputation and demand for its products continued to grow, in 2007 it successfully added a second location in Dayton, Ohio.  With three of their children still active in the day-to-day operations of the business, the Company has continued its expansion and now operates five dealership locations in contiguous metropolitan markets across three states.  For more information, visit www.colerainrv.com.

About Kidd & Company, LLC

Kidd & Company, LLC (KCO) is an independent private equity firm based in Old Greenwich, CT.  KCO traces its roots to 1976 when the firm's founding partner, William Kidd, made his first private equity investment.  Today, KCO sponsors control equity investments in the lower middle market where the complementary skills and experience of the firm's partners can be applied to create significant value over time.  KCO implements fundamental strategic and operational improvements that drive above-market growth in revenue and earnings, both organically and through accretive acquisitions.  The diverse skill set of the firm’s partners allows KCO to bring management, operational, sales and marketing, corporate finance, and M&A expertise to bear to substantially increase the total value of its investments.  For more information, visit www.kiddcompany.com.

10.01.15

Imaginetics LLC acquires Azmark Aerosystems LLC

AUBURN, WA, October 1, 2015 – Imaginetics LLC, a manufacturer of precision metal components and assemblies for the aerospace industry, announced it has acquired Azmark Aerosystems LLC, a manufacturer of hard metal components for the aerospace and defense industries.  Imaginetics is a portfolio investment of Kidd & Company, an Old Greenwich, CT based private investment firm and Centerfield Capital Partners, a mezzanine and equity investment firm located in Indianapolis, IN.

Located in Gilbert, Arizona, Azmark has developed an outstanding reputation with its customers, based upon its leading technical capabilities, high quality standards, on-time performance and customer service.  The Company’s current customer base includes Honeywell, Boeing Defense Systems, Raytheon, and Gulfstream, among others.

“We are impressed by the breadth of the Company’s machining capabilities and how well it complements the capabilities of Imaginetics.  This acquisition will allow us to expand our ability to serve our customer and offer them a single-vendor solution for a variety of complex manufacturing needs,” said Scott Strong, President & CEO of Imaginetics. "We are excited to build on the terrific foundation created by Azmark and continue to grow Imaginetics by serving the increasing demands of its customer base.”

“We expect to derive a tremendous amount of benefit with the addition of Azmark to the Imaginetics family.  The acquisition will broaden our capabilities and allow us to function more as a unified, “one-stop” supplier to our customers, offering a full suite of products and services across metal fabrication, hard and soft metal machining and assembly.  Additionally, we will broaden and diversify our customer base, establish a second geographic presence in another important aerospace market and allow the two companies to share best practices,” said Jim Levine, Chairman of Imaginetics.

“On behalf of Kidd and Company and our partners at Centerfield Capital, we are very excited about the recent acquisition.  Azmark has built a great reputation and has talented personnel.  With the added strength of Imaginetics, we feel the combined business is positioned to enjoy strong growth by better serving the needs of its long term customers,” added Donald Hardie, a Kidd and Company partner and member of the Board of Directors.

BMO Harris Bank N.A. provided the debt financing supporting the acquisition.

01.15.15

Kidd & Company Recapitalizes Nexcore Technology, LLC

OLD GREENWICH, CT, January 15, 2015 – Kidd & Company, LLC ("KCO"), a leading family office investment firm focused on the middle market, announced it has sponsored the recapitalization of Nexcore Technology, LLC ("Nexcore") in partnership with its founder and CEO Milton Frank.

Founded by Mr. Frank in 1999 and headquartered in Waldwick, NJ, Nexcore is a contract manufacturer of electro-mechanical capital equipment to the medical device industry.  Nexcore’s capabilities cover the complete spectrum of the medical device manufacturing product life cycle, from conceptual design and engineering through to manufacturing and after-market service and support.  The Company has a strong track record of growth and an outstanding reputation with many leading medical device original equipment manufacturers based upon its leading technical capabilities, high quality standards, on-time performance and customer service.

"We are delighted to be partnering with Milt and his team to build on the terrific foundation they have created over the last 15 years, and together we plan to continue to grow Nexcore by expanding its capabilities to serve the increasing demands of its customer base," said Kenneth Heuer, a Principal at KCO. “This investment fits perfectly with KCO's investment strategy of partnering with the owners of good companies to leverage their strengths and experience and to fundamentally enhance the value of their businesses.”

Nexcore has also expanded its management team with the appointment of Carlo W. Colesanti in the newly created post of President and Chief Operating Officer and James V. DiVizio in the newly created role of Vice President of Finance.  Mr. Colesanti joins Nexcore with 25 years of experience leading drug delivery/medical device and specialty chemical businesses.  Mr. DiVizio is a CPA and seasoned financial executive with more than twenty years of finance, accounting and operations experience.

Milton Frank, founder and CEO of Nexcore, said, “I am looking forward to working with Carlo, Jim and KCO. There are many growth opportunities for Nexcore and we are confident in our ability to capitalize on them with the help of our newly expanded management team and the additional resources that come from the KCO team."

Mr. Colesanti stated, "I am excited to be joining an organization that is recognized for its product innovation, quality manufacturing and customer service capabilities at such an opportune time in the industry. Nexcore is extremely well-positioned with its current customers and is poised to continue growing by expanding its capabilities and continuing to add new customers."

Tony Castor, a KCO Partner and Chairman of Nexcore, added, "We are extremely impressed with the franchise that Nexcore has built with its strong customer relationships and outstanding reputation, and we are thrilled to be helping to take the company to the next level."

Milton Frank made a significant co-investment alongside KCO in the transaction.  Plexus Capital provided additional financing as well as a minority equity co-investment.

About Nexcore

Founded in 1999, Nexcore is a contract manufacturer of electro-mechanical capital equipment to the medical device industry. The Company has a strong track record of growth and an outstanding reputation with its customers based upon its leading technical capabilities, high quality standards, on-time performance and customer service.  The Company’s capabilities cover the complete spectrum of the medical device manufacturing product life cycle, from conceptual design and engineering through to manufacturing and after-market service and support. The Company serves a variety of leading medical device original equipment manufacturers (“OEMs”) with a portfolio of innovative medical devices. With its full suite of design and manufacturing capabilities and focus on all aspects of customer service, Nexcore positions itself not just as a supplier but as a true value-added partner to its OEM customers. For more information, visit www.nexcoretech.com.

About Kidd & Company, LLC

Kidd & Company, LLC (KCO) is an independent private equity firm based in Old Greenwich, CT.  KCO traces its roots to 1976 when the firm's founding partner, William Kidd, made his first private equity investment.  Today, KCO sponsors control equity investments in the lower middle market where the complementary skills and experience of the firm's partners can be applied to create significant value over time.  KCO implements fundamental strategic and operational improvements that drive above-market growth in revenue and earnings, both organically and through accretive acquisitions.  The diverse skill set of the firm’s partners allows KCO to bring management, operational, sales and marketing, corporate finance, and M&A expertise to bear to substantially increase the total value of its investments.  For more information, visit www.kiddcompany.com.

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