ArkMalibu Advises Wiseway Supply in its Transaction with CID Capital
SEPTEMBER 30, 2022, Cincinnati, OH — ArkMalibu is pleased to announce that they served as the exclusive financial advisor to Wiseway Supply in its transaction with CID Capital, a private equity firm based in Indianapolis, IN. Terms of the deal were not disclosed.
Wiseway Supply was founded in 1972 by Biz and Jackie Cain in Florence, KY. For 50 years, the company has been dedicated to providing its customers with the most knowledgeable product expertise and accommodating customer service in the industry. The company serves small and midsize contractors in the residential and commercial end markets as a leading distributor of electrical, plumbing, and lighting supplies. John Cain (Biz and Jackie’s oldest of 3 children) has been the President of Wiseway Supply since 1994, and he has grown the company to expand into 11 locations between Central Ohio and Central Kentucky. John will continue in his President role post-transaction and will be the largest individual shareholder in Wiseway Supply moving forward.
John Cain commented on the transaction:
“I could not have expected more from a financial advisor than that which ArkMalibu provided in our transaction. They worked very closely with me to ensure that the value of Wiseway Supply was evident when we were ready to find a partner. Working with ArkMalibu ensured that we found, out of many interested, the right partner that valued our team and would provide additional fuel to turn my family-owned company into a platform that will grow even more aggressively than we have in our first 50 years. Without hesitation, I would recommend ArkMalibu to business owners contemplating a transaction.”
About Wiseway Supply
Headquartered in Florence, KY, Wiseway Supply is a premier distributor of electrical, plumbing, and lighting supplies to small and midsize contractors throughout the Midwest. The company distributes the most trusted name-brand supplies from 11 branch locations and 2 showrooms between Central Ohio and Central Kentucky. Wiseway Supply also specializes in providing value-added services to their customers including proactive order management, jobsite product management, lighting and energy audits, and more.
ArkMalibu is one of the only Mergers & Acquisitions advisory firms that focuses exclusively on sell-side transactions for business owners throughout the United States and internationally. ArkMalibu serves its privately owned clients based on its conflict free market position, proprietary process, experience and creativity. ArkMalibu prides itself on guiding clients through unchartered M&A territory with experience, integrity, and confidentiality at every turn. ArkMalibu was named ACG Cincinnati Deal Maker of the Year in 2010 and 2018.
About CID Capital
CID Capital is a long-standing private equity group that makes control investments in high-quality, lower-middle market companies that have shown a track record of success. For companies that have reached a performance level that finds them transitioning beyond being an entrepreneurial business, CID delivers the planning, experience, resources and capital to overcome critical constraints and build long-term value.