Indianapolis-based investment firm continues its track record of strategically enhancing private, lower middle market companies pursuing sustained, profitable growth.
April 26, 2022: Indianapolis-based private equity firm CID Capital (“CID”) announced the merger between portfolio companies LumiSource and Grandview Gallery.
"LumiSource is excited to announce that we have added Grandview Gallery to our business family. The combination of the two companies will yield more opportunities for our sales channels and enhance our e-commerce presence and growth. This partnership is expected to result in greater efficiencies in inventory management and fulfillment," said Steve Lee, President of LumiSource.
"Both LumiSource and Grandview's cultures are rooted in systematic and comprehensive new product development. This skillset, combined with customer and operational synergistic benefits, creates a unique opportunity for continued growth. We are excited about the partnership between the two companies" said Steve Cobb, Managing Partner of CID Capital.